Mining tide lifts BHP and Rio

International investors are upbeat on mining again, and both BHP and Rio are beneficiaries.

BHP Billiton and Rio Tinto are showing the first signs of benefiting from a return to the radar screens of international investors, as both companies reveal the financial benefits of cost cutting, debt retirement and technology-led improvements in their mines.

Since being included in a general upgrade of the mining sector by the influential research team in the London office of the investment bank, J.P. Morgan Cazenove on Monday, both stocks have outperformed the wider Australian market.

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