Aug 16 (Reuters) - BHP Billiton (LON:BLT) Ltd BHP.AX :
* BHP Billiton results for the year ended 30 June 2016 BHP.AX
* There were no fatalities at our operated sites in the 2016 financial year.
* FY statutory attributable loss $6.385 billion versus profit of $1.91 billion a year ago
* Determined to pay final dividend of 14 US cents per share
* Capital and exploration expenditure declined by 42% to US$6.4 billion and is expected to decrease further to US$5.0 billion in the 2017 financial year
* On a cash basis, capital and exploration expenditure was US$7.7 billion and is forecast to decline to US$5.4 billion in the 2017 financial year.
* FY revenue down 31% to $30.912 billion
* "Net debt of US$26.1 billion broadly unchanged from December 2015."
* "Over the medium term, China is expected to grow more slowly"
* The adjusted effective tax rate is expected to be in the range of approximately 35 to 40 per cent for the 2017 financial year.
* "Next year, we expect another US$1.8 billion of productivity gains"
* Says Samarco has confirmed it is unlikely to have in place the necessary approvals to restart its operations in this calendar year
* "Economic uncertainty and high inventory levels of crude oil are likely to keep prices volatile but range bound"
* Forecast "delivering more than US$7 billion of free cash flow based on
current spot prices and a forecast reduction in net debt"
* "We are confident in the long-term outlook for our commodities, particularly oil and copper."
* Good progress is being made on community resettlement, community health and environment restoration"
* Longer term, copper outlook remains positive as demand is supported by China's shift towards consumption
* We expect net debt to decline in the 2017 financial year from current levels."
* We are confident in the long-term outlook for our commodities, particularly oil and copper
* Global growth over the remainder of the 2016 calendar year is expected to remain modest
* Accelerating our counter-cyclical exploration program and plan to invest approximately US$800 million in exploration in the 2017 financial year"
* Rate of growth in the Chinese economy appears to have stabilised and we expect that government policy will remain supportive
* Longer term, Chinese crude steel production is expected to peak between 935 mt and 985 mt in the middle of next decade
* Over the medium term, China is expected to grow more slowly
* Source text for Eikon ID:nASX44DRZr
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