BHP 'set to post $10bn profits'

Copper is the key driver of BHP's success

The world's largest mining firm, BHP Billiton, will post record profits of over $10bn (£5.3bn), analysts say.

Strong global demand for commodities such as copper, zinc and iron is creating new opportunities for mining firms such as BHP.

The Anglo-Australian firm, which announces final results on Wednesday is expected to earn $10.2bn to $10.6bn compared to $6.2bn a year before.

Reports in The Sunday Telegraph say shareholders will receive $3bn.

The massive profits will come despite a strike at the Escondida mine in Chile, responsible for 8% of the world's copper, and where BHP is the majority owner.

The strike has entered its second week with union members and management still in talks, and the government having intervened.