Hamersley Iron trading goes on bolero.net

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 facilitating Hamersley Iron on its implementation.