BHP predicts strong iron ore prices for 2 years; CEO denies anti-China spying reports
BHP CEO sees high iron ore price for up to 2 years, with optimistim on short term outlook. Kloppers dismisses WikiLeaks reports that BHP traded intelligence on China with USA.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=121077&sn=Detail&pid=92730.
BHP means Bloody Huge Profit in 2010
MINING giant BHP gave a $10.6 billion boost to Australian Prime Minister Julia Gillard’s plans for a mining tax after posting a staggering half-year profit. The miner’s earnings soared by a record 72 per cent in just six months.
See http://www.dailytelegraph.com.au/news/national/bhp-means-bloody-huge-profit/story-e6freuzr-1226007202210.
BHP launches buyback
BHP Billiton has announced a $A5 billion off-market buyback of its Australian-listed stock that will form a part of its expanded $US10 billion ($A9.9 billion) capital management program.
See http://www.miningnews.net/StoryView.asp?StoryID=2382317 (subscription)