BHP OUTLOOK
long-life, low-cost, expandable upstream assets which are diversi- fied by commodity geography and market. That best describes BHP's competitive advantage and its core competence and it will maximize our success."
Simplicity, efficiency and profitability equals quality
Source: Datastream; annual reports; press releases; BHP Billiton analysis. 1. Financial metrics and employee numbers (excluding contractors) presented on a 2011 calendar year. Cash margin is calculated as net operating cash flow per copper equivalent unit. Copper equivalent units based on CY11 average prices where available. Peer group based on LSE constituents; Rio Tinto, Anglo American and Xstrata.
2. Dividend yield based on dividends declared in respect of the 2011 calendar year and the Plc share price as at 31 March 2012.
3. Market capitalization as at 31 March 2012. Capital expenditure guidance for the 2012 financial year for BHP Billiton and the 2012 calendar year for the peer group.
www.e-mj.com
JUNE 2012 • E&MJ; 103