Four Pillars Policy22 Jul 2015 12:23
The above policy which bhp adopt in order to shield against volatile fluctuations in one or two products is being tested due to all four (iron ore, copper, oil and coal) being at multi year lows at the same time according to reuters.
They shoved everything else into South 32 with what looks like the worst timing possible from every point of view.
Who does know what's going on I ask myself at times like this, if those guys can get it so wrong?
Not that they are alone in this of course, check out rio, glen, aa.
Certainly interesting times in commodities, can go on down a lot longer but when it does change, as it always does with these companies, hold tight.