BHP CEO Mike Henry has continued pressuring the debt-heavy Queensland Labor government over its contentious decision to raise mining royalties in the coal-rich state. Henry reiterated that recent policies from the state (and federal) government would compel the global mining giant to pull investment from the region, despite major opportunities in critical mineral mining. “Capital…
Global Mining CEO Says Chile Easier to Deal With Than the Queensland Government
June 27, 2023
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Aussie Mining Giant BHP Admits to Underpaying Almost 30,000 Workers
One of Australia’s leading mining companies, BHP, has admitted to underpaying 28,500 Australian workers’ allowances and entitlements dating back to 2010. In a June 1 statement, the company said a preliminary review suggested that former and current workers were incorrectly deducted six days’ leave on average during the 13-year period. “In addition, BHP has identified…
Solar Ambition ‘Not That Easy’: Mining Giant CEO
Rio Tinto’s criticism of Australia’s solar power ambition could be answered by using old and new systems to go green. The mining giant’s CEO Jakob Stausholm told business heavyweights at the World Economic Forum summit in Davos “we’re fooling ourselves” on the timeline to switch to clean energy. Using huge solar farms to run Queensland’s…
Qld Coal Miners Plan Action Over Pay Deal
Workers at four Queensland coal mines could stop work in protest over conditions being proposed by BHP-Mitsubishi Alliance in a fresh pay deal. The Mining and Energy Union and the miner have been negotiating an enterprise bargaining agreement for workers at the Saraji, Peak Downs, Blackwater and Goonyella Riverside mines for 18 months. Talks have become…
Beijing Creates New State-Owned Iron Ore Giant to Weaken Australian Miners
July 21, 2022
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Asia & PacificAustraliaBHPBusiness & MarketsChinaChina Business & EconomyChina Mineral Resources GroupChina-Australia RelationsCompaniesenergyGold and CommoditiesInternationalInternational Relationsiron oreMarketsRio TintoWorld
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In a bid to gain control over iron ore prices, Beijing has created a new state-owned mineral giant that will be responsible for exploration and mass bulk buying of the commodity. The move will be aimed at giving China greater bargaining power over major iron ore producers like Australia’s BHP and Rio Tinto, who will…
Australian Share Performance Improves As Labor Gets Closer to A Majority Government
Australian shares edged higher on the morning of May 23 after election results showed that the centre-left Labor party was getting closer to achieving the 76 seats needed to form a majority government. As of noon on May 23, the benchmark S&P/ASX 200 stood at 7,165.4, representing a gain of 19.8 points or 0.28 percent….
Australian Oil Producer Woodside to Complete Major $41 Billion Merger
A merger between two of Australia’s largest oil and gas producers is expected to be complete by May 19. At the annual general meeting, Woodside will ask its shareholders to give the green light to the $41 billion (US$28.5 billion) all-stock merger with the petroleum business of BHP, a giant in the mining and metal…
Union Open to Challenging Airline Industry Vaccine Mandate Following Landmark Decision
December 9, 2021
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The major decision last week by Australia’s workplace tribunal to strike down a vaccine mandate by mining giant, BHP, has opened the door for other unions to consider challenging similar orders in their sectors. The Australian Licenced Aircraft Engineer’s Association (ALAEA) said it would consider challenging vaccine mandates handed down by national carrier Qantas. “The…
Australian Workplace Tribunal Rules Vaccine Mandate Unlawful
December 3, 2021
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Australia’s workplace arbitrator has ruled that a vaccine mandate issued by mining giant BHP was not lawful or reasonable—a decision expected to have ramifications across the private sector. The mandate affected workers at the Mt Arthur thermal coal mine in the Hunter Valley, New South Wales. So far, 50 workers have been stood down over…
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