ml bulk commodity implied valuations, page-4

BHP say's Iron Ore prices to remain high, good news for UMC as long as they stick to the fast track program.....


BHP Billiton annual profit rises 14.7 per cent


Staff writers | August 18, 2008

BHP Billiton posted a 14.7 per cent rise in full-year net profit to $US15.39 billion, its sixth consecutive record annual result.
Built on strong demand and increased commodity prices, the earnings matched market expectations.

The world’s largest diversified miner, which is seeking anti-trust approval for its hostile takeover of rival Rio Tinto, has benefited from huge rises in iron ore and coal prices, record oil prices and booming times in China.

But commodity prices have fallen sharply since the end of BHP’s financial year on June 30 as investors worry about a slowing global economy denting demand.

Nevertheless, BHP today said that it expected commodity prices to remain relatively high.