BHP plans ‘baby steps’ return to commodities trading to cut transaction risk
Sources say global miner will add trading capacity across copper, energy and iron ore units
18 December 2019 - 17:23
Global miner BHP Group is feeling its way back into commodities trading, making a dedicated hire to help it manage a base metals book in Singapore as it seeks to boost returns and manage transaction risk, two people with knowledge of the matter said.
The return to trading at the world’s biggest listed miner for the first time since the mid-2000s will see it add trading capacity across copper, energy and iron ore divisions in what one of the people described as “baby steps”. ..
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