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Gold/Mining/Energy : BHP Billiton (BHP)
BHP 57.05-0.3%Oct 31 9:30 AM EST

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From: JakeStraw2/15/2006 8:33:57 AM
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BHP Billiton plans buyback on record earnings
us.ft.com
By Sundeep Tucker in Sydney
Wednesday, February 15, 2006
Posted: 06:57 AM EST (11:57 London)

BHP Billiton (NYSE:BHP), the world's biggest mining company, on Wednesday reported a record interim profit of US$4.4bn and predicted that the global resources boom could last a "number of years" because of unflagging Chinese demand.

The company, which is listed in Australia and the UK, also said it would return some of its windfall to shareholders through a US$2bn share buyback programme over the next 18 months and an immediate 30 per cent dividend increase.

Soaring prices for higher-priced commodities, driven by unquenched Chinese demand, in the six months to 31 December helped fuel the 48 per cent increase in profits, a record in Australian corporate history
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