Miners’ $8.3b revenue jump to lift profits

Original article by Peter Ker
The Australian Financial Review – Page: 13 : 5-Jan-17

Australia’s biggest listed mining companies are believed to have recorded a rise of $US6 billion (($A8.3 billion)) in combined revenues because of higher commodity prices. Analysts expect BHP Billiton to announce in February 2017 that revenues for the six months to 31 December 2016 rose 20 per cent to $US19.1 billion. Rio Tinto is likely to buy back shares worth $US2 billion.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, NEWCREST MINING LIMITED – ASX NCM, FORTESCUE METALS GROUP LIMITED – ASX FMG, WHITEHAVEN COAL LIMITED – ASX WHC

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