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BHP Billiton Provides Further Details On Its Future Growth Profile

Number 18/08

Marius Kloppers, Chief Executive Officer of BHP Billiton, spoke at the Merrill Lynch Global Mining conference in Florida on Tuesday, 13 May 2008. During his presentation, he reviewed BHP Billiton’s strategy of focussing on tier 1, low-cost and long-life assets. He also highlighted the Group’s scale and diversification as well as its focus on high margin commodities both in its current production profile and future development pipeline.

As part of his speech, he went on to outline BHP Billiton’s superior potential for growth relative to Rio Tinto. Over the period between 2007 and 2012, BHP Billiton’s compound annual growth rate (CAGR) is expected to be 6.9 per cent on a copper equivalent volume basis. On a comparable basis, Rio Tinto is expected to deliver a CAGR of around 6 per cent. More importantly BHP Billiton’s growth is driven by higher margin commodities such as petroleum and iron ore.

For further information please refer to Marius Kloppers' presentation at the Merrill Lynch Global Mining conference.

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