Australia’s sovereign wealth fund puts MinRes on notice
Future Fund has raised issues with MinRes boss Chris Ellison along with BHP over the handling of its Samarco disaster.
Future Fund has raised issues with MinRes boss Chris Ellison along with BHP over the handling of its Samarco disaster.
Mike Henry, the globetrotting boss of mining giant BHP, has a soft spot for Brisbane after spending time in the river city during a crucial time in his career.
The boss of global mining giant BHP has slammed Queensland as an unattractive investment destination compared with jurisdictions such as Chile and Canada.–
Prime Minister Anthony Albanese has moved to calm ministers over his Qantas upgrades saga at a Labor meeting, with one attendee telling The Australian the PM was rambling and his monologue was even worse than his widely-panned press conference a day earlier.
BHP chief executive Mike Henry has told the company’s AGM more industrial relations disputes loom as new federal workplace laws start to take effect.
BHP bosses faced tough questions inside and outside of the Brisbane National Convention Centre during the company’s AGM.
The S&P/ASX 200 index closed down 0.8 per cent at 8180.4 points after hitting a three-week low after disappointing inflation figures and a profit warning from Woolworths. Annual headline inflation drops to 2.8 per cent. Trimmed mean CPI of 3.5 per cent meets estimates. CBA scraps call for RBA rate cut in December.
Australia’s biggest miner is ditching diesel for EVs in a first major step to electrify its vast mining fleet.
After a $44bn settlement with Brazilian authorities, criminal charges against Samarco, its owners and some individuals are still unresolved.
BHP has finalised a $45b settlement with Brazil over the 2015 Samarco dam disaster which killed 19 people.
Coal power worked before and would do so again if anyone was brave enough to bring it back. Students of history will remember that Galileo was imprisoned for advocating the Copernican view on the solar system. We have people with the same mindset today.
Attention has turned back to BHP and its buying intentions surrounding Anglo American after the former’s chief executive, Mike Henry, recently paid a visit to South Africa.
BHP faces an uphill battle to hit copper production targets at its Australian operations with its flagship Olympic Dam mine out of action until at least the start of November.
More than 200,000 claimants suing BHP in a $17bn lawsuit have already been compensated for damage caused amid the Mariana dam disaster, the Australian mining giant will tell a London court.
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.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/3