subject: A Business Opportunity From Bhp Billiton Or Not [print this page] BHP Billiton is not unfamiliar to the insiders in mining industry. It is the worlds largest diversified natural resources company. The iron Ore in BHP Billiton is one of the worlds leading iron ore producers with operations in Australia and Brazil.
Recently, in a presentation given to an audience at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference in the U.S. this morning, BHPs CEO Marius Kloppers said there is a window of opportunity for iron miners. What does this mean? What will it bring to us? Here, we have to mention China, the world's largest steel producer and consumer, is going to increase crude steel production to 1.1 billion metric tons a year by 2025 which would equate to a 650 million ton a year increase in global seaborne iron ore demand from the description of Kloppers.
It is from the prediction of BHP Billiton that their iron ore marches into the mining industry that would to some extent change a countrys economic developing model, esp. the developing countries. However, China as the most potential one inclines to transform from investment-led economic growth to consumption-led economic growth. That is the original thought from BHP Billiton. Kloppers, the CEO of that company also said that outlook provides a major opportunity for BHP Billiton and their competitors. Therefore, this will step by step maximize value, reduce risk and balance short- and long-term returns.
Hongxing Mining Machinery Co., Ltd., one of the most competitive mining industries in China, is committed to establishing Hongxing brand for satisfaction of users. Our series products including crushing equipments, sand maker, powder maker, ore dressing equipments as well as cement equipments are of superior quality. No matter how the circumstance changes, we Hongxing people will always adhere to our honest, delicate, high efficient and concrete spirit and seize every opportunity around us to keep abreast of times.
