BHP will launch a $US400 million ($571.1 million) climate investment program aimed at reducing emissions from its operations and those generated from the use of its resources.
BHP remains optimistic about delivering high volumes over the next year despite recording approximately $US1 billion ($1.42 billion) in negative movement in productivity for the 2019 financial year.
BHP has indicated it will keep the Nickel West business in Western Australia as the company looks to capitalise on the emerging global battery market.
BHP is cutting jobs and in-sourcing more of its contractor workforce as part of a global process that chief executive Andrew Mackenzie believed would deliver benefits valued in “many billions”.
BHP chief executive officer Andrew Mackenzie has lauded China’s Belt and Road Initiative (BRI) in a speech in Beijing.
BHP has bolstered its executive leadership team with four appointments, including the addition of three women.
BHP has stated that productivity will be “broadly flat” in the 2019 financial year according to chief executive officer Andrew Mackenzie.
BHP chief executive officer Andrew Mackenzie says the company will continue to invest in its rail structure in light of Monday’s derailment of a BHP iron ore train in the Pilbara, Western Australia.
BHP has announced that it will return $US10.4 billion ($14.7 million) to shareholders at a price of 38 cents per share.
BHP is reducing its 2019 copper guidance by 3 per cent following outages at the Olympic Dam mine in South Australia and Spence operation in Chile.
BHP has launched the second phase of its $10 million ‘Think Big’ ad campaign this week, focusing on the company’s global reach and supply of essential resources.
BHP will acquire 6.1 per cent of Brisbane-based company SolGold, owner of the Cascabel copper-gold project in Ecuador for £27.42 million ($49.1 million).
BHP has hit an iron ore production record in the 2018 financial year, improving its output by 3 per cent.
BHP’s plan to offload its onshore shale assets in the United States remains on track.
BHP has joined the industry trend of lifting returns to shareholders by significantly increasing its dividend for the first half of the 2018 financial year.
BHP chief executive Andrew Mackenzie delivered a speech at the Melbourne Mining Club’s 100th Luncheon yesterday, touching on topics as diverse as the unpredictable future of mining and China’s Belt and Road initiative, to public erosion in government trust.
Anglo-American operator BHP held its annual general meeting (AGM) in London yesterday and combative US hedge fund company Elliot Management, which owns 5 per cent of BHP, was in attendance.
In the wake of its massive losses, BHP CEO Andrew Mackenzie has seen his payout halved year on year.
Mining is entering a new era, but will this mean a new era of leaders too?
BHP head Andrew Mackenzie has reiterated his pessimistic position on iron ore, pointing to the growing oversupply issue.