BHP Billiton Limited (ASX:BHP) shares ended flat at $38.64 on Friday after reporting the biggest annual profit ever made by an Australian-listed company the day before, and completing the purchase of Petrohawke Energy Corporation.
This week, chief executive Marius Kloppers has told media he expects a wave of iron ore deals to happen, as small miners struggle to win funding for new developments.
He told The Australian that ownership of iron ore promotion will change over time because most projects are simply not fundable.
Last week, BHP Billiton Limited (ASX:BHP) reported a full year net profit of $22.29 billion.
