Soaring commodity prices lift BHP to best profit in 11 years

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Miner’s earnings jump 26% allowing record final dividend while it also has cash for acquisitions

Bengaluru/Sydney — BHP reported bumper profits on surging commodity prices on Tuesday, sending shares sharply higher, as the global miner failed to rule out a second approach in its spurned $6bn bid for OZ Minerals.

Shares in the world’s biggest miner by market value shot 5.5% higher as investors cheered a better-than-expected annual earnings jump of 26% to $21.3bn — its highest since 2011 — and the announcement of a record dividend...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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TIMELINE: Marikana Massacre - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.About 3000 miners at Lonmin mine in Rustenburg went on strike demanding better wages in August 2012. However, in the course of the unprotected strike members of the SAPS killed 34 and injured another 74 others at a Lonmin-owned platinum mine in the Marikana area of the North West province. Becoming a great person in life do take time but time awaits you so get started with _JamesAlderson He's actually the best in the stock market. A highly recommended broker Can you remind us about the 8 people, plus 2 security guards who were killed and maimed by the very same miners you are talking about, a week prior to the so-called massacre. Will those poor souls ever be remembered in hypocritical country. Do their lives matter.
Source: SABCNews - 🏆 37. / 51 Read more »