CFMEU bid to thwart BHP vaccine mandate
The mining union has challenged BHP’s Covid-19 vaccine mandate, claiming the move was not lawful or reasonable.
The mining union has challenged BHP’s Covid-19 vaccine mandate, claiming the move was not lawful or reasonable.
Unions demand BHP drops policy allowing the personal belongings of FIFO workers to be searched.
The assets BHP is offloading were the standout in its latest production report, while its cash cow iron ore operations were hit by pandemic-related labour shortages.
BHP has flagged delays in finalising the deal with Woodside to sell its petroleum assets and will make a call on its $16bn Scarborough project by December 15.
The S&P/ASX 200 finished slightly weaker after a late retreat, with the big banks and miners in the red after mixed leads from Wall Street.
Don’t for a moment expect a predictable path towards a ‘green future’ among the major mining stocks.
BHP will work on a green strategy with one of the world’s largest steelmakers but has cautioned the road to net zero emissions for steelmaking remains uncertain.
BHP says it is about to strike a deal which will get the massive Olympic Dam mine in South Australia half way to net zero.
Mining giant BHP might be rethinking how much money it is willing to accept for its coal assets as the price of the commodity remains at sky high levels
The move by PwC comes in the wake of big employers from BHP and other audit firms to mandate a full Covid-19 vaccination policy for staff and contractors.
Local stocks have surged nearly one per cent, led by BHP’s solid gains and buoyed by strong commodity prices and US futures.
Declaring its mines and offices off limits to unvaccinated staff by February could flow on to thousands of BHP contractors and is opposed by a key Queensland union.
BHP has shrugged off the spectacular steel making commodity price slump, saying margins at its massive new mine in WA are ‘healthy’.
BHP will introduce mandatory vaccination as a condition of entry to its sites and office no later than January 31.
BHP says it has cut a deal to supply nickel to a second major battery supplier for the electric vehicle market.
BHP, Rio Tinto, Whitehaven endorse net-zero by 2050 as government ups funding for carbon-capture and storage.
Stocks rally 1.9 per cent cent, led by mining and banking companies including BHP and Westpac. It was the best day in 10 months. S&P 500 and iron ore futures up, suggesting another strong US session.
Proxy adviser CGI Glass Lewis recommends shareholders reject BHP’s climate transition plan, saying it’s unclear if the targets are science-based.
Stocks finish 1.5 per cent lower, hurt by biotech giant CSL, BHP and Fortescue Metals. Retail sales fall 1.7 per cent. Oil prices hit their highest level since 2018 and iron ore jumped.
John Dorman Elliott conquered the world through beer and was the white knight in the most terrifying takeover battle Collins Street had seen, for BHP.
Australia’s sharemarket fell slightly at the end of a volatile week. The S&P/ASX 200 index closed down 0.4% at 7342.6 and suffered its first three-week fall in seven months.
Stocks lose ground to close just 0.3 per cent higher, driven by resource giants. Insurers IAG and Suncorp down on earthquake claim woes. China’s Evergrande strikes deal with bondholders.
ASX 200 recovered slightly by the close from a 1% drop after iron ore continued to freefall. Fortescue lost 11%. Iress down 10.5%.
Iron ore futures -12% in 2 days, ASX 200 gives up early strong gains, closing 0.6 per cent higher. Bank stocks, plus CSL, BHP, South32 gain. Jobless rate fell to 4.5% but employment dived.
BHP has revealed its regret over the amount of money already sunk into its Jansen potash project in Canada and said it was open to bringing in a partner.
BHP has ultimately backed away from setting a hard target for steelmakers that account for about three-quarters of its Scope 3 emissions.
Andrew Mackenzie only pocketed $55m for his six-and-half year stint at the helm of BHP while his successor Mike Henry has already notched up $28m for 18 months in the top job.
BHP’s $US3.9bn remediation figure for its oil and gas fields, within market expectations, eases concerns Woodside Petroleum may face a bigger strain on its balance sheet.
BHP boss Mike Henry has become one of corporate Australia’s top earners with his annual pay more than doubling to $19.7m.
Stockmarket investors are about to receive a cash windfall from many of Australia’s biggest companies. | SEE THE LIST
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/27