BHP Billiton profits up 72% increase in demand

BHP Billiton profits rise 72% in Subjects of application: file MarketCommodities MarketAustralian dollar and currencies of the world news from top miner BHP Billiton said Wednesday that first-half profit rose 72 percent to U.S. $ 10,520,000,000 seize emerging markets of raw materials and west edges of the economic crisis. by Talek Harris, Wednesday February 16, 2011, 0:52 GMT The world's top miner BHP Billiton said Wednesday that first-half profit rose 72 percent to U.S. $ 10,520,000,000 emerging markets in addition to raw materials and western edges out of economic crisis. BHP, which was thwarted in plans to buy Canadian fertilizer giant Corp. concentration of potassium and iron ore from Australia with arch rival Rio Tinto also said it would buy back U.S. $ 10 billion in shares this year.Chief executive Marius Kloppers said the results have been achieved despite the BP oil spill in the Gulf of Mexico and flood disasters, including widespread flooding in northeast Australia. "We are proud of the results, despite things like the Gulf of Mexico and flooding events around the world," Kloppers said half of information. "The portfolio has been shown to act on the margins of the register, almost record cash flow and we have done in a way that has been safe." We are excited about the opportunities the market has allowed us and how they responded to them. "BHP said supply problems had driven the prices of their products, including mainly coal and iron ore bound for the industrialization of the steel mills of Asia, while shipments of Western Australian iron ore established a New record.It said operating cash flow was U.S. $ 12,200,000,000, while shareholders will receive an interim dividend of improved U.S. 46 cents. "a backdrop of economic improvement and limitations wider range continued to support the foundations for most of BHP Billiton? s commodities, "BHP said in a statement.BHP also said it was" cautiously optimistic "about the global economy," given the continued strong growth in emerging markets and other positive signs of sustainable recovery in major developed economies as the U.S.. "However, the company said the problems of sovereign debt and rising inflation in Asia remained a significant risk to the future growth.BHP said revenue for the last six months of 2010 was a 39 percent, to 34.17 billion U.S. dollars U.S., adding that plans to spend U.S. $ 80 billion in organic growth over the next five years.The results come despite a dollar soared Australian that compared the benefits, and follow two major setbacks in the acquisition of BHP programme.In October, BHP and Rio abandoned the merger of its iron ore operations in Australia after complaints from competition regulators and key clients including China.Just a month later, BHP gave up a 39 billion U.S. dollars U.S. hostile bid for potash, the world's leading manufacturer of fertilizer, after the government of Canada stated that it was unlikely to benefit the country week . Last River said annual profits had almost tripled in the back of commodity prices on the rise and rapid growth in emerging markets, underscoring a happy period for mining companies. "I would say for the industry as a whole, conditions in the past six months have been particularly good, "said Kloppers.