· Met or exceeded full year production guidance for petroleum, copper, iron ore and energy coal. Met revised guidance for metallurgical coal.
· Group copper equivalent production increased by 8% in the 2018 financial year, with annual production records at Western Australia Iron Ore (WAIO), Queensland Coal and Spence.
· We expect to achieve full year unit cost guidance at our major assets (based on 2018 financial year guidance exchange rates of AUD/USD 0.75 and USD/CLP 663).
· Group copper equivalent production for the 2019 financial year is expected to be broadly in line with the 2018 financial year(1).
· The exit process for Onshore US is progressing to plan. Bids have been received and we aim to announce one or more transactions within the coming months, targeting completion of any transactions by the end of the 2018 calendar year.
· In Petroleum, the Victoria-1 exploration well in Trinidad and Tobago encountered gas and the
Samurai-2 well in the US Gulf of Mexico encountered hydrocarbons in multiple horizons.
· The South Flank sustaining iron ore project was approved during the June 2018 quarter.
· We expect the financial results for the second half of the 2018 financial year to reflect certain items as summarised in the table on page two.
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