Showing posts with label Chinese steel production. Show all posts
Showing posts with label Chinese steel production. Show all posts

Thursday, August 25, 2011

BHP Billiton profits jump as commodity prices rise

Mining giant BHP Billiton has reported a big jump in annual profits thanks to soaring prices for commodities.

The firm recorded a profit of $23.6bn (£14.3bn) for the year to 30 June, up from $12.7bn a year ago.

The price of commodities has been pushed higher in recent years because of strong demand from emerging economies, and BHP said it expected this trend to continue.