September 07, 2008

BHPB sets up new Chinese headquarter in Shanghai

It is reported that the mining giant BHP Billiton's representative in China lately noted that the corporation has set up a new headquarter in Shanghai in order to strengthen cooperation with Chinese business partners, would like to take part in community activities and as a sponsor to Beijing Olympics and the Paralympic Movements.

The representative said comparing with traditional resource companies BHP Billiton focuses more on quality and diversified portfolio and can provide steadier cash flow and strong production capability for growth.

In 2007 the Australian corporation's operating revenue reached USD 47.5 billion in 2005 and became a sponsor of China's Beijing Olympics and the Paralympic Movements 2008 by agreeing to provide medal making materials.