Australian mining giant BHP is optimistic China and India's growth will boost commodity demand, even as the company reported a steep drop in half-year profits.
Still, the global miner is optimistic despite slowing growth in the U.S. and Europe.
"As we progress into the second half, and then the year ahead, we're seeing momentum build in China, which of course bodes well for the products that BHP produces," Henry said., which are significant revenue streams for BHP.Elsewhere, the miner also sees investment and growth opportunities with South American and African partners.
"There are a number of South American countries, and African countries for that matter, that are aggressively chasing international capital, who've approached us — and others I'm sure —about trying to draw us to the country to invest further and they're offering attractive fiscal terms," he said, without revealing specific names.
He added that BHP is building out a portfolio of growth options, especially in mining deposits that have yet to be developed. "We have a few of those in South America. We [also] invested in a potentially large, very attractive nickel resource in Tanzania as well."
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