Mining giant BHP has posted a fall in profits amid tough global economic conditions but is positive on the demand outlook as China opens up.
BHP on Tuesday reported an underlying attributable profit of $US6.6 billion for the six months to December 31, down almost a third (32 per cent) from a year earlier.
Profit from operations in the half fell more than a quarter (27 per cent) to $US10.8b on lower prices for iron ore and copper, higher royalties paid on coal in Queensland and inflation.
