BHP and Rio's high-water slide

The two major resources groups both posted solid profits, but they appear to be retreating from their earnings peaks as prices wane and China's growth slows.

The two big resource groups reported solid earnings this week, Rio Tinto for the full year and BHP Billiton for the December half. But whatever happened to the spectacular leaps in profits we’ve become accustomed to as the resource boom roars on?

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