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BHP Billiton back in the black after mining disaster

Mining company BHP Billiton is back with a profit in the fiscal year 2016/17, after the company suffered an exceptional deficit the year prior due to a mining catastrophe.

Photo: BHP Billiton

Australian mining company BHP Billiton has emerged with a report for the fiscal year 2016/2017, which shows a revenue of USD 38.3 billion and a profit of USD 5.9 billion.

Revenue grew by 24 percent relative to the year prior, while earnings increased by 192 percent, as last year the company experienced a significant and extraordinary deficit due to an accident in one of the company's mines in Samarco, Brazil.

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