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2026-02-17 07:51:56
[Strong Copper Demand Drives Better-than-Expected Results, BHP Billiton Calls it a "Milestone"] BHP Billiton, the world's most valuable mining company, reported a significant increase in net profit for the first half of the fiscal year, driven by strong copper demand. In the six months ending December 31, revenue rose 11% year-on-year to $27.9 billion; profit attributable to shareholders increased by 28% to $5.6 billion, exceeding analysts' expectations. BHP Billiton's CEO described the performance as "a milestone for the company," noting that copper became the largest contributor to profits for the first time, accounting for 51% of underlying EBITDA. Several key projects are supporting the company's copper production growth plan, which aims to reach an annual production of 2.5 million tons by the mid-2030s.
