BHP Billiton posts record 15.4-billion-dollar profit (AFP)

AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong despite a global slowdown.

BHP Billiton posts record 15.4-billion-dollar profit (AFP)

AFP - The world's biggest miner BHP Billiton on Monday announced record annual net profits of 15.39 billion US dollars (10.46 billion euros), driven by soaring commodity prices and strong Asian demand.

BHP Billiton posts record annual profit

BHP Billiton Ltd, the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.

Japan gives 11-day ultimatum to BHP over hostile Rio Tinto takeover

The Japanese Government has ordered BHP Billiton, the world's largest miner, to provide details of its proposed $78 billion ($£48.3 billion) takeover of Rio Tinto within 11 days or face possible criminal prosecution.

Rio Tinto upbeat on commodities as profits soar

Rio Tinto, the world's second largest miner, today revealed a 51.8 per cent rise in profit for the first six months of the year due to soaring commodity prices as it reiterated its rejection of BHP Billiton's offer for the group. However, shares in Rio Tinto fell 104p to £50.75 in early trading on concern that high commodity prices will begin decline.

Resources giants must merge argues BHP chief Marius Kloppers

The world's largest resources companies will be forced into a new wave of mega-mergers as it becomes harder to find new assets, the head of the biggest mining group has predicted.