Money BHP bosses meet with Donald Trump

20:06  11 january  2017
20:06  11 january  2017 Source:   MSN

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BHP Billiton's chairman and chief executive have met with President-elect Donald Trump to discuss the mining giant's role in the US. " BHP Billiton chairman Jac Nasser and chief executive Andrew Mackenzie had a productive meeting with President-elect Trump and Vice President-elect Pence today in New York City," BHP said in a statement. "They discussed a wide range of subject areas, including the global resources sector, and BHP Billiton's investment in the US.

business. breaking news. BHP bosses meet with Donald Trump . " BHP Billiton chairman Jac Nasser and chief executive Andrew Mackenzie had a productive meeting with President-elect Trump and Vice President-elect Pence today in New York City," BHP said in a statement. "They discussed a wide range of subject areas, including the global resources sector, and BHP Billiton's investment in the US.

A sign adorns the building where mining company BHP Billiton has their office.© REUTERS/David Gray A sign adorns the building where mining company BHP Billiton has their office. BHP Billiton's chairman and chief executive have met with President-elect Donald Trump to discuss the mining giant's role in the US.

"BHP Billiton chairman Jac Nasser and chief executive Andrew Mackenzie had a productive meeting with President-elect Trump and Vice President-elect Pence today in New York City," BHP said in a statement.

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They’re used to meeting with Australian prime ministers and world leaders like Chinese President Xi Jinping, so it was only a matter of time before BHP chief executive Andrew Mackenzie and chairman Jac Nasser broke bread with US President-elect Donald Trump . The BHP leaders visited Trump Tower in New York overnight, to be introduced to the man who will take control of the world’s biggest economy later this month.

BHP Billiton's chairman and chief executive have met with President-elect Donald Trump to discuss the mining giant's role in the US. " BHP Billiton chairman Jac Nasser and chief executive Andrew Mackenzie had a productive meeting with President-elect Trump and Vice President-elect Pence today in New York City," BHP said in a statement.

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"They discussed a wide range of subject areas, including the global resources sector, and BHP Billiton's investment in the US. The company looks forward to working with the new administration."

BHP owns extensive oil and gas assets in the US, a legacy of its expensive 2011 push into the US shale market. It also owns stakes in deepwater blocks in the Gulf of Mexico.

In 2016 it wrote down the value of its US shale assets by $US7.2 billion amid a collapse in oil and gas prices, but in recent months has flagged renewed expansion plans for its petroleum business as a recovery in oil prices makes investments in the sector more attractive.

BHP also plans to develop a copper project in Arizona in conjunction with Rio Tinto.

Global stock markets have surged in the past two months on hopes Mr Trump will stimulate the US economy with tax cuts and infrastructure spending - policies that would be beneficial to the major miners.

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