July 20 (Reuters) - BHP Billiton (LON:BLT) Ltd BHP.AX :
* Operational review for the year ended 30 June 2016 BHP.AX
* Qtrly iron ore production 55,626 kt versus 60,086 kt a year ago
* Q4 copper production 413 kt versus 435 kt a year ago
* Q4 total petroleum production 56.0 mmboe versus 63.2 mmboe a year ago
* Total iron ore production is expected to increase to between 228 and 237 mt in the 2017 financial year, excluding production from samarco
* Total copper production is forecast to increase to 1.7 mt in the 2017 financial year
* Total iron ore production for the 2016 financial year was broadly unchanged at 227 mt
* Petroleum production is forecast to decrease to between 200 and 210 mmboe in the 2017 financial year
* Expect to achieve full year unit cost guidance at our major assets, with unit costs forecast to decline further next year
* Waio production for the 2017 financial year is forecast to increase to between 265 and 275 mt
* Samarco production for the 2016 financial year was 11 mt (100 per cent basis).
* Underlying attributable profit in the June 2016 half year is expected to include additional charges of up to US$175 million
* Los colorados extension project was approved by the escondida owners council with first production expected in the second half of the 2017 financial year.
* Four major projects under development are tracking to plan.
* Further 44 per cent reduction in petroleum capital expenditure to approximately US$1.4 billion is planned for the 2017 financial year
* Expect volumes and costs across our minerals businesses to benefit from our continued drive to safely improve productivity
* Group expects to record an exceptional item for global taxation matters between US$150 and US$200 million in the June 2016 half year
* Can create significant value through further cost reductions
* "We expect unit costs at escondida to be slightly below guidance of US$1.21
per pound for the 2016 financial year"
* Initiatives expected to grow production by 5 percent in copper, up to 4 percent in iron ore and three per cent in metallurgical coal in the next financial year"
* Well positioned to bring on shale volumes as markets tighten and develop conventional resources over the medium to long term"
* For June 2016 half year, not yet in a position to provide an update to potential financial impacts on BHP Billiton brasil of the samarco dam failure
* Source text for Eikon ID:nASX8CJGnH
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