BHP Billiton sees record profit
Australian iron ore miner BHP Billiton disclosed a record profit of $6.5 billion for 2004/2005. BHP Billiton Chairman Don Argus stated that the revenue rose 28 percent year on year to $31.8 billion during the same period. Strong demand for energy and metals from China and India has driven the conglomerate record growth. BHP Billiton states that global economic growth has been better than expected, raising hopes commodity prices will remain high.