Miners Enjoy Fastest Comeback in a Decade on Surging Profits
- BHP boosts dividend and plans $2.5 billion bond buyback
- Anglo may keep South African assets, including Kumba Iron Ore
Mining Patience Pays Dividends for Investors
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The speed of the mining recovery is faster than anything that’s been seen in the past decade.
BHP Billiton Ltd. and Anglo American Plc on Tuesday reported the biggest profit increases since at least 2007 on deep cost cuts and rebounding metal prices. The earnings exceeded analysts estimates and highlight mining’s dramatic reversal of fortune in the past year.