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BHP profit jumps on strong output

The world's largest miner BHP-Billiton has posted a 31% jump in first-half profit to $7.8bn (£4.7bn) due to improvements in its iron ore, coal and petroleum businesses.

The Melbourne-based company also increased its annual payment to shareholders by 3.5%, a sign the outlook is improving for the global mining industry.

The BBC's Rico Hizon spoke to David Lennox, a commodities analyst at Fat Prophets to get his take on BHP's latest results.

  • 18 Feb 2014
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