CISA: Profits of big three miners are quadruple those of China’s key steel mills

According to the China Iron and Steel Association (CISA), the aggregate net profit of China's key steel mills reached RMB 56.4 billion ($8.8 billion) in H1 of the current year, just about 25 percent of the aggregate net profit figure recorded by the big three miners - Vale, BHP Billiton and Rio Tinto - in the same period.
 
Australian miner BHP Billiton saw a net profit of $13.1 billion in H1, up nearly 100 percent year on year. Additionally, the financial reports of the other mining giants Brazil-based Vale and Australia's Rio Tinto showed their net profits in H1 respectively reached $13.3 billion and $7.6 billion, up 150 percent and 30 percent year on year. The total net profit of the three miners for the given period reached $34 billion (RMB 217.6 billion).