Hamersley Iron trading goes on bolero.net

The iron ore mining giant aims for paperless trading with the help of bolero.net and Westpac.

Hamersley Iron will move in excess of $1 billion of its iron ore trade through bolero.net, the online trade facilitator. The mining company is currently in pilot projects with two of its largest customers, both Asian, to move international trade documentation on to the internet. bolero.net will provide the system for electronic transmission of business data and documents along the trade chain. Westpac, the first major Australian bank to sign up with bolero.net, will be...

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