BHP Operational Review for the quarter ended 30 September 2017

Wednesday, October 18, 2017

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All production and unit cost guidance remains unchanged for the 2018 financial year.

 Good progress has been made on our latent capacity projects, with first production from the Los Colorados Extension project and the Olympic Dam Southern Mining Area achieved in the September 2017 quarter and the Caval Ridge Southern Circuit project progressing to plan.

 All major projects under development are tracking to plan.

 In Onshore US, our operated rig count increased from five to nine during the September 2017 quarter. Divestment of a small portion of the Hawkville acreage was completed during the quarter, with work underway to exit our remaining Onshore US assets for value.

 In Petroleum exploration, evaluation of the positive drilling results from Wildling-2 is continuing, with a sidetrack also encountering oil in multiple horizons which will assist with establishing the scale of the discovery.

BHP Chief Executive Officer, Andrew Mackenzie, said: "Our performance in the first quarter keeps us on track to

deliver seven per cent volume growth in the 2018 financial year.

We manage the portfolio for value and returns. Our transition to lower-cost, high-return, latent capacity projects is

delivering results, with first copper production achieved from the Los Colorados Extension project at Escondida and

Olympic Dam's Southern Mining Area during the quarter.

Major development work has commenced on the recently approved growth projects, Mad Dog Phase 2 and the

Spence Growth Option, with both set to become operational as their respective markets in oil and copper rebalance."

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