BHP Billiton profits up


This Greenpeace Australia video is called BHP Billiton: The Polluter must Pay.

From daily The Morning Star in Britain:

World’s top mining firm announces mega profits

Wednesday 24 August 2011

The world’s biggest mining company announced today that its annual profit was up nearly 86 per cent amid soaring prices for iron ore and copper.

Melbourne-based BHP Billiton said in a statement net profit was $23.6 billion (£14.3bn) for the 12 months ending on June 30, up from $12.7bn (£7.7bn) a year earlier.

BHP said the “strong performance” was the result of soaring prices for key raw materials which reflect ravenous demand from developing states such as China and tight supply.

Despite global economic instability the transnational was upbeat about future prospects.

See also here.

The highland agricultural community of Santa Rosa de Cajacuy, in Peru’s central Ancash department, has been severely affected by a toxic spill from the BHP Billiton and Xstrata-operated Antamina mine: here.

Human rights activists demanded today that mining giant BHP Billiton cough up compensation for Colombian communities it had forced off their land: here.

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