BHP slips on weaker profit

FY profit short of analyst expectations, mining giant announces $2.6bn investment in controversial Jansen potash project.

Lower commodity prices have cut profits for BHP Billiton Ltd for the second straight year to $US10.87 billion, as the miner announced it would invest $US2.6 billion in its controversial Jansen potash project.

Investors were disappointed with the news, sending the stock 1.59% lower to $35.96 at 1015 AEST, against a slight benchmark rise of 0.02%.

The miner said increased supply was likely to put downward pressure on commodity prices in the short term.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

If you didn't receive SMS code please

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

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles