“Metalloinvest” Management Company LLC, Moscow, Russia:

S. I. Korneev, Senior Analyst, e-mail: nirsks@yandex.ru

Ambiguous consequences of globalization, dependence on Chinese economy and uncertainty of global currencies' state are the issues of modern opportunities of world commodity markets of industrial raw materials and energy carriers. According to these issues, manufacturers make the fundamental steps, aimed on optimization of existing assets functioning for the purpose of creation of prerequisites for the support of the set profitability level in the long-term outlook, which key element is cost prise. China is the largest global consumer and manufacturer of non-ferrous metals, hence dependence on its economy is shown in Chinese tendency to keep up the raw material prices on low levels, providing the global competitiveness of Chinese products. In connection with this, marshaling of BHP Billiton assets is a reflection of modern long-term trends of world raw material markets; signal of cost saving necessity at the expense of expansion and increasing of raw material base quality, production modernization, sale and logistics improvement, and taxation optimization; response on striving for maintenance of stable money flow and high credit rating, and saving of attractive dividend policy and optimization of profit distribution in the shareholders' interests.

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2. Chtoby reshit zadachu, nado ee uprostit (Issue solving requires its simplification). Available at: http://www.vedomosti.ru/newspapers/2015/03/ 24chtobi-reshit-zadachu-nado-ee-uprostit. (in Russian)
3. Creation of new global metals and mining company to accelerate portfolio simplification. Report for the year ended 30 June 2014. Available at : http://www.bhpbilliton.com/home/investors/news/Documents/2014/140819_CreationofNewGlobalMetalsandMiningCompany.pdf.
4. The Australian Financial Review, Prospects Bright for BHP’s South32, by Amanda Sounders, 10 January 2015.
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