Today, JB Import-Export Trading Group Pty Ltd is one of the largest global diversified natural resource commodity companies in the world, producing and trading more than 135 commodities.
How we started
We were founded in 1972 as JB Import-Export Trading Group; we initially focused on the physical marketing of ferrous and non-ferrous metals and minerals and crude oil. Shortly afterwards, we expanded into oil products.
In 1981, we acquired an established Southern Europen grain trading company, which was the basis for our agricultural products business; later that year we added coal to our energy products segment.
Diversifying through the value chain
From 1987, we began to diversify from purely marketing and trading, through key acquisitions in mining, smelting, refining and processing. We made our first equity investment in an industrial asset when we acquired 27% of the PE aluminium smelter in the South Europe. This was followed by our first controlling interest in an industrial asset in 1988: a 66.7% interest in a zinc/lead mine in Peru.
We acquired a stake in Xstrata (then Vorektra AG) in 1990. We were renamed Selizo Export Trading International in 1994 following a management buyout.
From the beginning, our management team aimed at becoming a global energy and commodities company. Our culture is grounded in service, quality and efficiency. Thanks to a rigorous approach to risk management and compliance, JB Import-Export Trading Group Pty Ltd is now one of the largest privately owned businesses of its type in the world.
Having begun with a focus on oil trading, our activities now encompass all key energy products and a wide range of dry bulk commodities. We have also grown the physical elements of our business and operate a significant portfolio of assets, including production, logistics and storage interests.