Kloppers of BHP behind the scenes – Wiklileaks
Kloppers had asked US diplomats for insights on China’s intentions and said he would be willing to trade secrets in order to obtain that information
Drilling Kloppers Business Spectator, Supratim Adhikari, 15 Feb 2011, “….WikiLeaks. According to leaked US diplomatic cable, Kloppers took personal credit for derailing the $23.9 billion tie-up between Rio Tinto and Chinalco, describing the move as a strategic victory for BHP.
The cable adds that Kloppers had expressed confidence that Rio’s new chairman, Jan du Plessis, a fellow South African would be “more amenable” to doing a iron ore tie-up with BHP. Rio and BHP did announce a joint venture soon after the Chinalco deal was buried, however, it was subsequently scuttled by global regulators.
Interestingly, the cable doesn’t just shed light on the deal but also cites occasions where the BHP boss had told US consul-general Michael Thurston of his concerns about covert surveillance against his company by the Chinese, Rio Tinto and the Australian government.
There are further revelations that Kloppers had asked US diplomats for insights on China’s intentions and said he would be willing to trade secrets in order to obtain that information. The paper also cites occasions where the BHP boss had told US consul-general Michael Thurston of his concerns about covert surveillance against his company by the Chinese, Rio Tinto and the Australian government.
News of behind the scenes machination by miners at Canberra is not a huge surprise to everyone and BHP’s involvement in the Rio-Chinalco deal was revealed in December. But the latest salvo from WikiLeaks has a distinctly personal tone, one that won’t be appreciated by Kloppers. However, with the cables yet to be made public it will be a while before the public can make up its own mind.
BREAKFAST DEALS: Drilling Kloppers | Supratim Adhikari | Wheels and Deals | Business Spectator
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