Anglo-Australian mining giant BHP Billiton posted a stunning record net profit of almost $10.5 billion for the 05/06 year on the back of booming demand from China and high commodity prices.
It recorded a profit jump of more than 60 percent from the previous year.
The company, which is the world's biggest mining company and is dual listed in Australia and London, also announced a $3 billion share buyback program.
BHP Billiton achieved record production volumes for aluminium, copper, iron ore, nickel and natural gas in a strong demand environment.