Subscribe to RSS feedAsia's mineral demand the key to growth: BHP
BHP Billiton expects a strengthening in demand from Asia will help reverse a disappointing last financial year which saw revenue drop 15% and profits dive by more than US$9bn.
Reduced load: Miner expects China and India to fuel export growth (Photo: BHP Billiton)
The mining giant's annual report, released yesterday, showed that lower prices for its major commodities, including iron ore and coal, had hit revenue hard with net profit falling from a record US$15.4bn in 2008 to US$5.9bn.
The group's European business alone...
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