BHP Billiton Back On Map Post Latest Quarter
BHP Billiton (BHP) this week reported a $6.7 billion profit in their latest annual report and squarely placing themselves back on the map. This is post the $6.4 billion loss they reported the year before. The Melbourne, Australia based miner has seemingly recovered from the build up in iron ore and coal assets based primarily on anticiapated Chinese demand & where they had to take the significant write down in 2016.
They are also reported to be interested in selling their U.S. shale oil assets.