BHP increases focus on iron ore following interim report

After the first half of the year, mining giant BHP Billiton expects an increased demand for steel, and the company plans to focus on iron ore, copper, coal and oil.


BHP Billiton - one of the four largest mining companies in the world alongside Rio Tinto, Vale and Fortescue - has published a half-year result that failed to live up to the company's expectations, but which bodes well for the dry bulk carriers' expectations.

BHP Billiton finished the fiscal year 2013/14 slightly below analyst expectations. The underlying profit came to USD 13.4 billion, compared to the expected USD 13.6 billion, according to estimates gathered by Bloomberg News.

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