In strong position: Workers of BHP Billiton’s Escondida, the world’s biggest copper mine, are seen in front of the open pit, in Antofagasta, northern Chile. With its global reach and stable of products from iron ore to copper and oil, BHP is well-positioned to assess the fallout from President Donald Trump’s push for protectionism and the responses from China and the European Union. — Reuters
MELBOURNE: The US risks losing out from its curbs on trade as rival nations including China will seek to do more business with each other, BHP Billiton Ltd chief executive officer Andrew Mackenzie warned as the head of the world’s largest miner stepped up his criticism of rising protectionism.
“There’s a lot of countries in the world that want to trade more with each other, now that it looks like the US wants to trade less with them,” Mackenzie said in a Bloomberg Television interview, citing discussions with global trade ministers.
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