Mining giant Billiton posts $15 bn profitAugust 18th, 2008 - 4:08 pm ICT by IANS
Sydney, Aug 18 (DPA) The world’s biggest miner, BHP Billiton, Monday posted a record annual profit for the seventh year in a row. Profit for the 2008 financial year came in at $15 billion, up nearly 15 percent from last financial year.
The good result was expected because of higher production and higher prices for oil, copper, iron ore, coal and manganese.
BHP Billiton said demand was expected to remain strong over the longer term but to slow in the short term.
“The continuing massive industrialization in China is providing solid support to the global economy,” the company said in a statement.
BHP Billiton was created in 2001 by the merger of Australia’s Broken Hill Proprietary Company (BHP) and the UK’s Billiton, which had a South African background.
- Rio Tinto says India will match China's demand for key commodities soon - Mar 16, 2010
- Australian mining giant squirms at India's slow growth - May 18, 2012
- Vedanta looking to acquire coal assets in India and overseas - Feb 26, 2012
- Mineral output slumps 14.5 percent in April - Jul 04, 2011
- Patnaik rejects centre's claim on coal bidding - Aug 23, 2012
- South Africa pitches for greater Indian investment - Apr 08, 2012
- God forbid fools are not sitting here: Pakistan chief justice - Apr 08, 2011
- India's iron ore export to China has colonial trade pattern: Official - Nov 18, 2011
- Essar Steel commissions Phase 1 of Odisha pellet plant - Apr 09, 2012
- Iron ore export from Goa to dip next fiscal: Exporters body - Oct 04, 2011
- Disinvestment to bring in Rs.40,000 crore by 2010-11 - Oct 18, 2010
- Vedanta merges units to create India's largest resources firm (Lead) - Feb 26, 2012
- Australian mining firm looking for Indian partners - Apr 23, 2010
- Hindustan Copper hopeful of joint venture with Rajasthan Mining - May 29, 2012
- Merger of London, Toronto exchanges under review - Feb 15, 2011