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Majors end Q1 downbeat

Global mining majors (by market capitalisation) are no doubt glad to have seen the end of this year’s first quarter, having been affected by strikes, swinging commodity prices and a cyclone.

Mining Journal
NASA’s image of Tropical Cyclone Debbie, which hit Australia’s east coast last week

NASA’s image of Tropical Cyclone Debbie, which hit Australia’s east coast last week

The quarter did have its highlights, with both BHP Billiton (AU:BHP) and Rio Tinto (LN:RIO) announcing returns to profit, of US$3.2 billion for the half-year and $4.6 billion for 2016, respectively. ...

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