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BHP hit in $5.4b nickel wipeout, WA plans royalty relief

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Western Australia has challenged the federal government to save close to 3000 jobs and billions of dollars worth of growth projects in the nickel industry, after BHP wrote down the value of its nickel business by $5.4 billion pre-tax and warned full suspension was possible.

Premier Roger Cook, whose government is expected to provide royalty relief to nickel miners, although several have already shut, said, “governments of all levels” needed to examine what can be done.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Tom Rabe is the WA political correspondent, based in Perth. Connect with Tom on Twitter. Email Tom at tom.rabe@nine.com.au

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    Original URL: https://www.afr.com/companies/mining/bhp-suffers-5-4b-nickel-wipeout-wa-business-under-review-20240215-p5f551