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. Continue Reading →