BHP offers $44bn deal in Samarco settlement
A deal could be signed as soon as Friday, days after the start of a separate class action in the UK that involves about 650,000 Brazilian claimants.
A deal could be signed as soon as Friday, days after the start of a separate class action in the UK that involves about 650,000 Brazilian claimants.
Australia’s biggest mining company has agreed to a massive settlement with the Brazilian government over an environmental catastrophe.
Wild electrical storms have put BHP’s Olympic Dam copper mine out of action with the company scrambling to assess the damage and how long it will take to restart operations.
The London lawyer spearheading a huge class action against BHP says he will fight for Indigenous Australians’ cultural heritage as he plans to triple staffing in his new Sydney office.
A day after Rio Tinto raised doubts about the property market remaining a key plank of Chinese economic growth, BHP boss Mike Henry is more optimistic.
Perpetual hit with first strike. Stronger-than-expected jobs data may dash hopes of early rate cut. BHP iron ore production rises but China disappointment weighs. Regulator allows Star to keep Sydney licence. Uranium miners soar. WiseTech dives amid CEO scrutiny.
Rio buys lithium player for $US6.7bn. Commodity price falls, China disappointment weigh on Aussie producers. NZ’s central bank cuts rate by 50 basis points, as expected. Shares in Cettire, Zip jump.
Iron ore, copper futures, AUD down after China’s underwhelming economic update. RBA’s ‘step down’ in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job’s not done yet.
IGO could be the frontrunner for Rio Tinto’s Winu Project, although BHP spin-off South32 is also said to be interested.
BHP has offered new jobs to about 800 workers affected by the shutdown of its nickel operations but hundreds have chosen redundancy amid a major commodity downturn.
The mining giant is seeking to invoke an exemption for service contractors under Labor’s legislation.
Rio Tinto may join BHP in a big acquisition and some believe that a major deal in the lithium space may now not be too far away.
The push to re-industrialise Western economies and the transition to net zero will provide strong tailwinds for the mining sector for decades to come, both Rio Tinto and BHP believe.
Sigma rockets on ACCC compromise to get $8.8bn merger with Chemist Warehouse across the line. Treasury Wine caves in to proxy demand on CEO bonus. Warmest August since 1910 sees retail sales lift 0.7 per cent.
BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
The mining giant’s balance sheet is in fantastic shape and its growth options are much better positioned than they were just a few years ago, CEO Mike Henry says.
Coal giant BHP Mitsubishi Alliance (BMA) has warned Australia risks returning to an era of lockouts and strikes under Labor’s controversial industrial relations reforms.
Investors are now putting pressure on Rightmove’s London board to take a seat at the negotiating table for the $11bn offer.
Activist funds have backed down on their push for a vote on better climate disclosures at the BHP annual meeting, after the company’s own report satisfied their demands.
BHP boss Mike Henry has publicly moved on from Anglo American but the London-listed former target remains even more vulnerable.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/3