BHP profit misses estimates

Mining giant announces $2.6 billion investment in controversial Jansen potash project, FY profit falls despite record production.

Lower commodity prices have cut profits for BHP Billiton (BHP) to $US10.87 billion in 2012-13, as the miner announced it will invest $2.6 billion in its controversial Jansen potash project.

Falling iron ore and coal prices pushed underlying profit 31.3% lower to $US11.79 billion – well short of analyst expectations for around $12.7 billion.

Net profit, including significant items, was 29.5% lower at $US10.87 billion.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles