BHP Billiton set to reap benefits of favoured status with Donald Trump – by Robert Gottliebsen (The Australian – January 13, 2017)

http://www.theaustralian.com.au/

Suddenly almost everything is going right for the world’s largest mining company, Australia’s BHP. Not only is cash pouring into its coffers because of higher iron ore, oil and coal prices but, thanks to CEO Andrew Mackenzie and his team, much lower costs mean profits will skyrocket at a rate well above the estimates of most analysts.

In the past BHP would have been expected to shower shareholders with dividends but now the company is among an elite group of non-US companies—-it has been chosen by president-elect Donald Trump to help “make America great again”.

I do not think Australia and even BHP fully comprehend the US potential being opened up for the Big Australian.

Trump has appointed Darwin-born Dow Chemical CEO Andrew Liveris to head the American Manufacturing Council and be “tasked with finding ways to bring industry back to America”. Part of the Liveris plan will be to duplicate the plan he gave to Australia in 2014 which we chose to ignore.

That plan involves expansion of chemical and other industries based on oil and gas. He will be implementing that in the US, which means oil and gas will be a huge growth business.

For the rest of this article, click here: http://www.theaustralian.com.au/business/opinion/robert-gottliebsen/bhp-billiton-set-to-reap-benefits-of-favoured-status-with-donald-trump/news-story/aa6457e8ad9989b60c9a661b4f40ff18

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