Dear PGM Capital blog readers, This morning, August 24th 2011, BHP Billiton, (NYSE: BHP) reported a record-breaking US$23.6 billion (AUD22.5bn) profit for the year ending June 30 2011. The BHP result – the biggest profit ever delivered by an Australian company and almost double last year’s $US12.7bn result – was driven by the same soaring iron ore[…]