The Big Australian financial disaster: BHP

BHP is a perfect example of a MNC trading an investing. It has activities in more than 50 countries with about 65000 employees worldwide. BHP started its international trading activities in the middle of the past century by exporting steel-making materials. BHP imports and exports in Australian and in its overseas subsidiaries. A clear example of its trading activities is its Canadian mine which produces diamonds, BHP Billiton's Ekati mine (Werniuk, 2002). After taking the stones out of the mine, BHP sells them accompanied by a BHP Billiton certificate that guarantees that the stone came from the Ekati mine to different cutters worldwide like the famous Tiffany brand.
About investing, BHP owns mines and production plants in the 5 continents. As examples are the Canadian diamonds mine mentioned before and more recently the Typhoon project, which launched BHP Petroleum Pty. Ltd.'s first commercial deepwater oil and gas development in the Gulf of Mexico in a joint venture with operator ...