Building a solid pipeline: With continuing efforts, BHP Billiton Ltd (ASX: BHP) has been able to cut their unit costs across the firm by more than 40 per cent. This initiative has placed them in a cost competitive position and could bear the volatility in the commodity prices. The group is also building a solid pipeline of potential growth projects especially in conventional oil, copper and coal. Their Mad Dog Phase 2 project has the potential capacity to produce up to 140,000 gross barrels of crude oil per day. The group is also forecasting an incremental production from their Spence Growth Option in the first 10 years of operation, which is 185 ktpa of payable copper in concentrate and 4 ktpa of payable molybdenum, with first production scheduled for the 2021 financial year. BHP is also pursuing one of the best undeveloped potash resources in the world in Jansen in Canada. 3
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