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BHP sees profit jump on strong mining output
2014/2/17
The mining giant BHP Billiton said first-half profits jumped 31% after strong gains in production in a range of raw materials
The global company said it made profits were $7.8bn (￡4.7bn).
Output was higher in iron ore, coal and its petroleum businesses,
Iron ore production from Western Australia hit a record of 108 million tonnes, boosted by earlier-than-expected first production from its Jimblebar mine.
The Anglo-Australian company's Queensland coal operations also saw output reach a record.
The company said: "Strong operating performance across BHP Billiton's diversified portfolio in the December 2013 half year delivered a 10 percent increase in production, with records achieved across three commodities and 10 operations."
It also said it thought the global economy would recover further over the rest of this year.
