BHP Billiton, the world's largest mining company, has posted a net profit of $13.41 billion for the year ended June 30 thanks to ongoing buybacks. This figure represents a 28.4 percent rate of increase year on year. The company's revenue rose by 21 percent to $39.09 billion last year.
In addition, last year BHP Billiton saw annual production records for alumina, aluminium, iron ore, manganese ore and metallurgical coal. In its output figures for last year, the company registered 4.46 million mt of alumina, 1.34 million mt of aluminium, 186.30 milion mt of nickel, 98.2 million mt of iron ore, 6 million mt of manganese, 0.7 million mt of manganese alloy and 38.4 million mt of metallurgical coal production, whereas the previous year's figures were 4.18 million mt, 1.32 million mt, 174.9 million mt, 90.8 million mt, 5.3 million mt, 0.6 million mt and 35.6 million mt respectively.
The company stated that their strategy, which involves pursuing growth opportunities and creating long-term value by focusing on owning and operating large, long-life, low cost, expandable assets, has allowed BHP Billiton to achieve successful financial and operational results.