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BHP Billiton H1 profit almost halves

World's biggest miner has been hard hit by falling prices for its two main commodities, iron ore and oil

"We started to prepare for a sustained period of lower prices almost three years ago by increasing our focus on efficiency and lowering our investment," said Mr Mackenzie.


GLOBAL mining giant BHP Billiton on Tuesday said that its first-half net profit almost halved to US$4.26 billion on the back of collapsing commodity prices as it reiterated a plan to demerge non-core assets.

The 47.4 per cent slump in the six months to Dec 31 compared to US$...

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