Return to commodity trading in order to manage risk and increase returns BHP

SMM12, March 19: global mining company BHP Billiton Group (BHP) is returning to commodities trading and will hire people to manage basic metals books in Singapore to manage risks and improve returns, two people familiar with the matter said.

It is reported that BHP Billiton has hired Yuna Chang to manage the London Metal Exchange, which works for Concord Resources.

BHP will not set up a proprietary trading platform, but it is unclear whether it will provide credit to clients in the new deal.

A BHP spokesman said they will remain committed to creating value for their customers and will help them achieve their goals while meeting the company's needs when making business choices.

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