News Snapshot:
Global mining group BHP said Tuesday it expects China and India to boost demand for its commodities in the year ahead after profits took a hit from lower iron ore and copper prices The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to US$6.46 billion in the six months to December 31. Sales slid 16 percent to $25.7 billion in the same period, it said, citing a drop in prices for iron ore and copper, rising inflation, and a decision by the state of Queensland to raise...
