BHP boss throws down gauntlet on productivity
The mining giant says the outcome of union attempts to regain a foothold in the iron ore industry will have a big bearing on investment after its dividend fell to an eight-year low.
Bhp Group Limited
Worrying move from Aussie mining giant
Australia’s largest miner will pay shareholders their lowest interim dividend in eight years after a massive profit slump.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
ASX pares losses; Bendigo Bank, Westpac lead bank falls
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
Start-up raises $12m to turn rocks into carbon-busting ‘superpower’
Arca is trialling with BHP the use of mining tailings to absorb greenhouse gases which could remove ‘gigatonnes’ of carbon dioxide from the atmosphere.
New chair in the bank, BHP leadership focus shifts to CEO
After locking in former NAB boss Ross McEwan as its next chairman, the mining giant will turn its attention to finding a suitable successor for chief executive Mike Henry.
Banker Ross McEwan will shape BHP for decades to come
The former NAB chief executive has one major job ahead as he takes on Australia’s most powerful board role.
ASX hits record; Woolworths cutting jobs; BHP finds new chair
CBA and Computershare hit records. Woolworths cutting jobs. AGL narrows guidance after profit fall. Suncorp’s March cash windfall, buyback promise. Star ex-boss: Casino ‘run in clean and legal’ way. BHP appoints new chairman. US CPI data next equity markets trigger.
BHP corruption probe hones in on select mine rehab sites
BHP has narrowed its corruption investigation to certain coal mine rehabilitation sites in Queensland, with the scandal over alleged fraud by contractors maybe not as widespread as first feared.
Major contract for Olympic Dam expansion study awarded
BHP has awarded a $40m contract to progress the proposed expansion of its copper smelting and refinery facilities at the Olympic Dam operations in South Australia’s Far North.
More exposure to copper the prize for big miners
Moves by BHP and Rio Tinto to think about major transactions says a lot about their expectations for the country’s iron ore production.
‘Tens of millions’: BHP sackings tip of corruption iceberg
BHP is investigating allegations contractors were paid millions for non-existent or greatly exaggerated work at its Queensland coal operations, after sacking 26 workers from one site.
BHP sacks contractors as its corruption investigation widens
Mining giant BHP’s internal investigation into allegations of corruption involving its Queensland coal operations has led to the sacking of dozens of contractors.
Copper earnings to underpin BHP’s hit from shrinking iron ore price
BHP’s copper-focused growth strategy is expected to offset the big hit to earnings it will take from soft iron ore prices, when the company releases its half-year results.
Unions accuse BHP of exploiting labour hire loophole
BHP accused of paying 2200 mineworkers up to $49,000 less a year than directly employed workers performing similar work.
ASX 200 mostly recovers from fall; Star, Lovisa hit
November retail sales undershoot expectations despite Black Friday boost. Casino group Star’s investors react to latest cash crisis. Rex board aware of ‘bewilderingly bad’ sales: ASIC. Arcadium lifts on US nod to Rio buyout.
BHP favours offshore applicants over Australian junior miners
BHP has chosen to back early-stage exploration projects in jurisdictions such as Saudi Arabia and Germany after weighing up the merits of Australian options.
Buy BHP, sell Rio: the top 12 tips from our stock experts
Giving your portfolio a makeover for the new year? Our expert stock pickers recommend buying BHP and Woolies, while ditching Rio Tinto and QBE. See what else they suggest.
Less chance of BHP, Forrest nickel mines reopening
A key competitor sees no light at the end of the tunnel for Australian producers in terms of a green premium or price recovery that could restart operations that were mothballed in 2024.
Fortescue claims green iron lead over Rio, BHP
Fortescue says it will be producing green iron from a pilot plant in WA before its bigger rivals BHP and Rio Tinto have even worked out whether to push ahead with their own version.
BHP driver ‘stressed and sleeping with lights on’ when train crashed
Two white-tailed spider bites and sleeping with the lights switched on have been blamed for a train crash which sparked a major safety overhaul by BHP.
ASX 200 lifts; PEXA gains; Data#3 falls
Data#3 down after flagging Microsoft hit. PEXA soars on change of guard. BlueScope, BHP and Rio Tinto pick site for smelting pilot plant. House prices to stall next year: HSBC. Meta settles Aus privacy breach case.
Time is now to drive productivity: BHP CEO
Mike Henry says political leaders need to ask if they are moving towards Australia being a more competitive place to invest and do business.
BHP, Rio sued over ‘sex crime negligence’ in the workplace
Two class actions filed in Sydney on Wednesday allege the sexual harassment at the mining giants was widespread and systemic over 20 years.
Big miner issues blunt warning to Aussies
A leading mining figure has delivered a dark speech warning that Australians will need to “do more, move faster and work harder” to maintain prosperity.
Australia less attractive for resource investors, BHP says
Australia’s natural advantages in coal and iron ore don’t apply to the minerals needed for the energy transition, so we need to slash red tape and spur innovation, BHP’s Australian head says.
Gas key to iron ore’s future, says pipeline owner APA
APA says a new solar farm and battery storage facility built to supply BHP is the first step and more will follow as it invests in renewables near existing gas-fired power stations.
BHP iron ore to bankroll copper crusade
BHP is set to rely even more heavily on its iron ore operations to help pay for growth ambitions in so-called future-facing commodities, with ramifications for its plans in Western Australia.
Diverging future: Australia and BHP go in different directions
Australia and BHP face the same problem – over the next five years the price of iron ore is set to fall sharply. But the outlook is very different for them. Here’s why.
Anglo deal shores up its BHP defences
Anglo American has sold its Australian coal mines for well above consensus estimates in a deal analysts say strengthens its hand against BHP.
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