BHP Billiton CEO on Escondida Talks, Trump, Commodities

The transcript covers the ongoing strike at Escondido and the confidential nature of negotiations. It discusses the impact of US policies under the Trump administration on global growth and BHP, highlighting concerns over free trade. The conversation also touches on BHP's investment in the Tryon oilfield in Mexico and the company's portfolio strategy, including potential divestments and investment priorities in copper and oil.

What is the current status of negotiations at Escondido?

• Negotiations are not yet started.

• Negotiations are confidential but progressing.

• Negotiations have broken down completely.

• Negotiations have concluded successfully.

How does the speaker view the impact of the Trump administration on business confidence?

• It is irrelevant to business confidence.

• It boosts business confidence.

• It negatively affects business confidence.

• It has no impact on business confidence.

What is the speaker's concern regarding US leadership in global trade?

• It could result in protectionist policies.

• It might lead to increased free trade.

• It will only affect domestic trade.

• It will have no impact on global trade.

What is the forecasted capital expenditure for the Tryon oilfield?

• $20 billion

• $10 billion

• $5 billion

• $15 billion

What is BHP's approach to the Tryon oilfield project?

• They intend to delay the project.

• They have no plans for cost management.

• They aim to cut costs and speed up production.

• They plan to increase costs.

What is BHP's view on their current portfolio?

• It is flawed and needs major restructuring.

• It is close to perfection but may need minor adjustments.

• It is outdated and irrelevant.

• It is perfect and requires no changes.

Which commodities does BHP see better investment opportunities in?

• Iron ore and coal

• Copper and oil

• Gold and silver

• Nickel and zinc