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AAP
AAP
Adrian Black

YOU WONT BELIEVE: Bhp cuts dividend as commodity prices weigh on earnings - What They Never Told You

BHP Mike Henry iron ore Coal copper
BHP has taken aim at Queensland's royalty regime, saying it might mothball coal mines in the state. (Dave Hunt/AAP PHOTOS)

Weak commodity prices have weighed on the profit of one of the world's biggest miners, prompting BHP to slash its dividend and consider shuttering some of its coal mines. 

While BHP posted a 14 per cent lift in full-year net profit to $US9 billion ($A13.9 billion), underlying net profit fell more than a quarter to $US10.6 billion, shrinking the final shareholder to 60 US cents ($A0.92) per share, down from 74 US cents the year before.

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