Anglo-Australian miner BHP appoints new global chief executive November 14, 2019 BHP announced that it had appointed a new chief executive this morning, with current boss Andrew MacKenzie due to retire at the end of this year. Mike Henry, the current head of BHP’s Australian operations, will take over from MacKenzie on 1 January 2020. Read more: BHP shareholders vote against leaving industry groups 53-year-old Henry, [...]
BHP shareholders vote against leaving industry groups November 7, 2019 Shareholders at Anglo-Australian mining giant BHP have voted against a motion calling for the company to give up its membership in industry bodies which support policies which run counter to the Paris climate change treaty. A tally of the votes taken at the group’s annual general meeting (AGM) in Sydney showed that 72.9 per cent [...]
BHP boss has bonus slashed after death in Australian mine September 17, 2019 The boss of BHP, one of the world’s largest miners, had his bonus slashed last year after a death at one of the company’s Australian coal mines. Chief executive Andrew Mackenzie was paid $3.5m (£2.8m) in the last financial year, down by more than $1.1m. $1.3m of his pay was a performance-related bonus. Read more: [...]
BHP owners pocket record dividend August 20, 2019 BHP shareholders will pocket a record payout, the company announced this morning, bringing the total dividend to $6.7bn (£5.5bn). The miner announced this morning that it would give shareholders an ordinary dividend of $1.33 per share. However, the payout comes on top of a special dividend earlier this year, of $1.02 per share as the [...]
Analysts and investors hopeful for record BHP dividend August 19, 2019 Investors will flock straight to the dividend page tomorrow after miner BHP releases its annual results overnight, expected to reveal the highest annual dividend in the company’s history. Analysts had expected the dividend to reach around $2.36 for the full year 2019, up from $1.18 the year before, according to a consensus compiled by Vuma. [...]
BHP iron production rebounds after cyclone hit third quarter July 17, 2019 Anglo-Australian miner BHP saw iron ore output rebound in the fourth quarter of the year, and forecast even higher production going forward. Iron ore production hit 63m tonnes in the three months to June, a 12 per cent increase on the quarter before. Read more: Rio Tinto faces delays and up to $1.9bn added costs [...]
BHP bets on batteries as it decides to keep its Australian nickel mine May 14, 2019 London-listed miner BHP has said it wants to keep its Australian nickel mine as the industry starts betting on a battery-powered future. Chief executive Andrew Mackenzie today said the company would hold on to the Nickel West mine which it has tried to sell several times. Read more: BHP Billiton faces $5bn claim for failure [...]
BHP Billiton faces record $5bn claim for failure of Brazilian dam in 2015 May 7, 2019 Mining giant BHP Billiton is facing a landmark, $5bn lawsuit for being “woefully negligent” before a 2015 dam collapse that led to Brazil’s worst ever environmental disaster. Read more: BHP profits slump after mining outages The damages claim will be the biggest group action to be heard in Britain, and was served today in Liverpool. [...]
Rolls-Royce, Vodafone and Interserve among firms kicked off government’s anti-late payment scheme April 29, 2019 The public sector’s war on late payment intensified today as 17 big hitters in British business were kicked off a voluntary scheme intended to crack down on the problem, including several blue-chip firms. Read more: Number of firms paid late by Cabinet Office nearly triples since 2016 Rolls-Royce, Vodafone and BHP Billiton were among the [...]
Judge freezes miner Vale’s assets after burst dam kills 58 in Brazil January 28, 2019 Prosecutors in Brazil have seized over £2bn in assets from Vale to ensure the miner patches up a dam which burst on Friday, killing over 50 people. Hundreds are still missing, presumed dead, after mud and water buried homes and mining facilities in the town of Brumadinho. Read more: At least 17 people killed after BHP Billiton [...]