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.
The future of the Mt Arthur coal mine has attracted widespread interest following comments from Andrew Mackenzie that the project was “touch and go”.
BHP has shifted its position on pushing its iron ore production levels in this currently oversupplied market.
BHP CEO Andrew Mackenzie has seen a major decline in his remuneration year on year.
BHP has announced changes in its management structure, with more focus on petroleum.
BHP Billiton CEO Andrew Mackenzie says better productivity is the biggest opportunity companies have to improve profitability amid volatile commodity prices.
BHP Billiton has revealed it is working hard to develop its Olympic Dam expansion, with CEO Andrew Mackenzie calling it a “phenomenal resource”.
BHP Billiton has told its 1800 Nickel West employees that potential buyers are soon set to visit the operation.
BHP Billiton has today announced a review of its West Australian Nickel West business which could see the sale of the Mt Keith, Cliffs and Leinster mines and associated infrastructure.
BHP Billiton has told a mining conference that portfolio simplification is compelling, but said a decision on whether to sell a number of non-core assets or go ahead with a $US15 billion demerger had not been made.
BHP Billiton sent the market into overdrive yesterday with an ASX release that all but confirmed its intention to demerge its non-core assets.
BHP Billiton director Malcolm Broomhead says labour productivity issues in Australia need to be fixed, and says the issue requires community understanding and support.
BHP Billiton chief Andrew Mackenzie says more than 70 per cent of the world’s energy will be supplied by fossil fuels by 2030 as countries boosted economic growth and pulled people out of “abject poverty”.
Diversified miner BHP Billiton has told investors it is planning to reduce expenditure by a quarter, with more cuts to come next financial year.
BHP has dumped plans to explore an oil and gas well off the The Philippines coast as the company continues to pull out of energy projects not located in the US or Australia.