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Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Plc LSE:BHP London Ordinary Share GB00BH0P3Z91 ORD $0.50
  Price Change % Change Share Price Shares Traded Last Trade
  -45.50 -2.21% 2,014.00 11,697,017 16:35:12
Bid Price Offer Price High Price Low Price Open Price
2,012.50 2,014.00 2,056.00 2,010.50 2,037.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34,658.11 10,906.60 126.99 17.7 42,537
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:29 O 5,509 2,019.606 GBX

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DateSubject
18/6/2021
09:20
Bhp Daily Update: Bhp Group Plc is listed in the Mining sector of the London Stock Exchange with ticker BHP. The last closing price for Bhp was 2,059.50p.
Bhp Group Plc has a 4 week average price of 2,010.50p and a 12 week average price of 2,010.50p.
The 1 year high share price is 2,418.50p while the 1 year low share price is currently 1,450p.
There are currently 2,112,071,796 shares in issue and the average daily traded volume is 6,969,701 shares. The market capitalisation of Bhp Group Plc is £42,537,125,971.44.
23/5/2021
07:46
florenceorbis: BHP, Encounter enter into joint venture for Elliott copper project MiningOther CommoditiesOthers By NS Energy Staff Writer 21 May 2021 BHP has agreed to spend A$22m ($17m) over a period of 10 years to earn a 75% interest in the Australian project job-4131482_640(3) BHP, Encounter to jointly develop Elliott copper project. (Credit: Tumisu from Pixabay.) BHP has entered into a farm-in and joint venture agreement with Encounter Resources for the Elliott copper project in the Northern Territory in Australia. The joint venture will undertake an exploration programme including seismic surveys and drilling. Under the farm-in and JV agreement, BHP has agreed to spend A$22m ($17m) over a period of 10 years to earn a 75% interest in the project. Encounter managing director Will Robinson said: “Copper sourced from sedimentary-hosted deposits is one of the fastest growing sources of high-grade copper in the world. Encounter controls an extensive first mover portfolio of copper projects in the Greater McArthur Superbasin in the NT. “The potential for this region to host large sedimentary-hosted copper deposits is rapidly emerging and we are delighted to be teaming up with BHP to apply leading edge technologies in the search for Tier 1 copper deposits at Elliott. “The outcomes of the jointly designed validation program at Elliott have been illuminating and bolstered the potential for the discovery of large sedimentary-hosted copper deposits under shallow cover in the NT.” In September 2020, BHP has reached an agreement with Encounter to obtain the option to enter the joint venture following the completion of the jointly designed validation programme for the project. With the programme establishing further support for the potential of Elliott, BHP has now exercised its option to enter into an earn-in and joint venture agreement. The work programme included the compilation, interpretation, modeling and integration of new and existing data packages at Elliott including seismic, airborne EM, magnetics, gravity, gechemistry and hydro-geochemistry. Covering more than 4,500km2, the Elliott project is located 200km north of Tennant Creek on the Stuart Highway which runs along the western margin of the project. It was the first project secured by Encounter in the the Northern Territory and comprises seven tenements. It is located at a major structural intersection on the southwestern margin of the Beetaloo Basin, a part of the Greater McArthur Super basin.
21/5/2021
08:54
the grumpy old men: BHP draws first ore from $3.6bn South Flank iron ore project MiningOther CommoditiesIndustrial Minerals By NS Energy Staff Writer 20 May 2021 The Australian iron ore project will have a production capacity of 80Mtpa 210519_SF1IR BHP achieves first production from the South Flank iron ore project. (Credit: BHP) BHP has drawn the first ore from the $3.6bn South Flank iron ore project in the central Pilbara region in Western Australia. The achievement comes nearly three years after sanctioning the open-cut mining project in June 2018. With a production of 80 million tonnes per annum (Mtpa), the South Flank project is expected to fill the void created after the retirement of the Yandi iron ore mine, which has been producing since 1991. Owing to its autonomous-ready fleets, digital connectivity, and modular design, the South Flank iron ore project is considered to be the most technically advanced iron ore mine in Western Australia. According to BHP, South Flank alongside the existing Mining Area C with a combined production of 145 million tonnes of iron ore each year will create the largest operating iron ore hub in the world. The project involved the expansion of the existing infrastructure at Mining Area C. It produces from the Grand Central, Vista Oriental, and Highway deposits. As part of the project, BHP and its partners built an 80Mtpa crushing and screening plant, an overland conveyor system, train loading facilities, stockyard, procured a new mining fleet, and carried out substantial mine development and pre-strip work. BHP Minerals Australia president Edgar Basto said: “South Flank is Australia’s largest new iron ore mine in over 50 years and is on time and on budget. South Flank’s high quality ore will increase WAIO’s average iron ore grade from 61 to 62 per cent, and the overall proportion of lump from 25 to 30-33 per cent. “The project has created more than 9000 direct and indirect jobs during construction, and will provide more than 600 operational roles through its life.” Basto added that South Flank’s ore will cater to the global steel markets for the next 25 years. BHP holds a stake of 85% in the South Flank iron ore project and is partnered by Itochu (8%) and Mitsui (7%). In March, the company announced that start of the process to seek approval to extend operations of the Mt Arthur Coal mine in Australia by another 19 years till 2045.
05/5/2021
10:43
grupo: BHP draws first oil from $500m Ruby Project, offshore Trinidad Oil & GasUpstreamOffshore By NS Energy Staff Writer 05 May 2021 The offshore oil and gas project is slated to be completed in Q3 2021 Ruby release photo The Ruby Project is contained in the shallow water in Block 3(a). (Credit: BHP) BHP and its partner The National Gas Company of Trinidad and Tobago (NGC) have achieved production of first oil from the $500m Ruby Project, located offshore Trinidad and Tobago. The milestone comes ahead of schedule, less than two years after BHP had sanctioned the offshore oil and gas project in August 2019. The company’s investment share in the oil and gas project is $283m. The Ruby Project is located in the shallow water in Block 3(a) within the Greater Angostura Field. The offshore development is nearly 45km off the north-eastern coast of Trinidad. It involves oil and gas production from the Ruby and Delaware reservoirs through five production wells and a gas injector well, which are tied back into already established operated processing facilities. BHP said that drilling and completion works at the Ruby field are in progress. Subsequent wells are slated to be brought into production in Q2 and Q3 2021. The offshore oil and gas project is anticipated to be completed in the third quarter of this year. Under a contract announced in early 2020, McDermott International has been responsible for providing subsea umbilicals, risers, and flowlines (SURF), transportation, and installation for the project. Following its completion, the Ruby Project is estimated to produce up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day. The offshore field has 13.2 million barrels of oil and 274 billion cubic feet of natural gas in estimated recoverable 2C Resources. BHP petroleum president Geraldine Slattery said: “The start-up of Ruby represents continued development of BHP’s oil and gas production facilities in Trinidad and Tobago, re-enforces the quality of the resource and its investment competitiveness. “An Ocean Bottom Node (OBN) seismic survey acquired by BHP and the Block 3(a) partners in 2018, was utilised to illuminate and optimally position the Ruby Project development wells. This marks a significant milestone for our Petroleum business and our future in Trinidad and Tobago.” BHP is the operator of the Ruby development with a stake of 68.46%, while NGC holds the remaining stake of 31.54%.
03/2/2021
14:35
gibbs1: nsenergy BHP signs renewable power purchase agreement to reduce emissions from nickel refinery MiningPowerNickel By James Murray 02 Feb 2021 The world’s biggest miner said the PPA will supply up to 50% of the electricity needs for its Nickel West Kwinana Refinery's in Western Australia BHP nickel refinery The agreement, which will last 10 years, will help BHP reduce emissions from electricity use at the refinery by up to 50% by 2024 (Credit: BHP) BHP has signed a renewable power purchase agreement (PPA) to reduce emissions from its Nickel West Kwinana Refinery in Western Australia. The world’s biggest miner said the PPA will supply up to 50% of the refinery’s electricity needs from Risen Energy’s 132-megawatt (MW) Merredin Solar Farm – the largest of its kind in Western Australia. The agreement, which will last 10 years, will help BHP reduce emissions from electricity use at the refinery by up to 50% by 2024 and effectively displace an estimated 364,000 tonnes of CO2 over the life of the contract. Nickel refinery PPA is first renewable energy PPA signed by BHP in Western Australia This is the first renewable energy PPA signed by BHP in Western Australia and follows similar agreements covering its operations in Queensland in 2020 and in Chile in 2019. BHP Nickel West asset president Eddy Haegel said: “This contract will further increase the sustainability of the nickel produced by Nickel West. It will reduce the refinery’s electricity emissions by 50 per cent, diversify our energy supply, and reduce the refinery’s electricity bill. “Nickel is a future-facing commodity that is essential to creating the high performing lithium-ion batteries used in battery electric vehicles (BEV). Consequently, the demand for nickel and especially the nickel produced by Nickel West is set to grow dramatically.” Haegel claims the sustainable production of nickel is also “essential to meet this future demand” as the customers purchasing BEVs “want to know that the inputs to the manufacturing of these vehicles are also sustainable”. “Nickel West is already one of the most sustainable nickel producers in the world but has committed to significantly reduce CO2 emissions further,” he added. “This contract, combined with our high-quality nickel deposits, and our integrated value chain further improves our position as one of the lowest carbon nickel miners in the world.” Renewable PPA to contribute to BHP’s 2030 emissions target BHP said the PPA will also contribute to its medium-term, science-based target to reduce scope 1 and 2 emissions by 30% by 2030. The miner made the announcement in September last year following increased pressure on fossil fuel companies to operate in a more sustainable, environmentally-friendly manner. Reacting to BHP’s PPA agreement with Risen Energy, Bill Johnston, Western Australian minister for mines, petroleum and energy, said: “Congratulations to everyone at BHP Nickel West for taking this important step forward to reduce their operation’s carbon footprint. “BHP’s Kwinana nickel refinery is a key contributor to Western Australia’s future battery industry and is helping global efforts to decarbonise. “The McGowan government is supportive of mining and resources companies that embrace clean energy solutions.”
20/1/2021
06:39
grupo guitarlumber: SYDNEY--BHP Group Ltd. said it produced more iron ore but less coal, copper and petroleum in the first half of its fiscal year, as it flagged an impairment charge of between $1.15 billion and $1.25 billion against an Australian coal unit. BHP, the world's largest mining company by value, also raised its projection for annual iron-ore output following the restart of its Samarco joint venture operations with Vale SA in Brazil, which had been suspended for five years following a deadly waste-dam collapse. The miner reported iron-ore production of 128.4 million metric tons for the six months through December, up 6% on the same period a year earlier. The miner said it now expects to produce between 245 million and 255 million tons of iron ore in the year through June, up from an earlier forecast of between 244 million and 253 million tons. BHP's increased output in the first half was tied to record production at its Jimblebar operation in its Western Australia mining hub, which more than offset weather-related disruptions. Its first-half production of metallurgical coal, used in steel, totaled 19.2 million tons, down 5% on a year ago. BHP cited plant maintenance work and said it expects stronger volumes in its second fiscal half. "We continue to monitor for any potential impacts on volumes from restrictions on coal imports into China," BHP said. BHP downgraded its full-year output projection for energy coal, to 21 million-23 million from 22 million-24 million tons, because of a strike at the Cerrejón mine in Colombia. First-half energy coal output was down 30% year-on-year, at 8.2 million tons. BHP said the post-tax impairment charge of $1.15 billion-$1.25 billion would be recorded as an exceptional item in relation to New South Wales Energy Coal and associated deferred tax assets. "This reflects current market conditions for Australian thermal coal, the strengthening Australian dollar, changes to the mine plan and updated assessment of the likelihood of recovering tax losses," BHP said. Its copper mines produced less because of pandemic-related restrictions at operations in South America, as well as some maintenance, BHP said. Copper output for the half was 841,300 tons, down 5% on a year ago. Still, BHP said it recorded strong throughput at Escondida, the world's biggest copper mine, and that its Spence copper-mine expansion project reached first production in December. Petroleum output was meantime down 12% year-on-year at 50.5 million barrels of oil equivalent because of natural field decline and weather disruptions in the Gulf of Mexico. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires January 19, 2021 17:04 ET (22:04 GMT)
30/12/2020
15:00
grupo: letsmakesome 30 Dec '20 - 14:55 - 835 of 836 0 0 0 Just came across this article with is very interesting: Https://www.afr.com/companies/mining/soaring-bhp-spread-blamed-on-australian-optimism-20200313-p549q1 '30pc more dividend': BHP’s spread with London widens Peter KerResources reporter Mar 16, 2020 – 12.00pm A record premium for BHP's Australian shares compared with the value of the company's London stock is seen by some local investors as proof that Australian investors are more optimistic amid the coronavirus turmoil than their counterparts abroad. BHP's Australian shares have consistently traded at a premium to its London stock over the past four years, and analysts have traditionally been split over whether the biggest cause is currency gyrations, Australian tax laws around franking or the fact that BHP plays a bigger role in local indices than European ones. While those factors are constant, none of them explain the surge in the premium paid for BHP's Australian shares last week amid extraordinary market conditions and high trading volumes. BHP's Australian shares were trading at a premium – calculated by changing both share prices into a common currency such as US dollars – of 16 per cent on December 31. But that had blown out to 26.6 per cent by the close of trading in London on March 13; a far cry from October 2015 when BHP's London shares traded at a small premium to the Australian stock. Friday's premium would have been the highest since BHP's dual listed structure was established almost 20 years ago, were it not for the previous day, March 12, when BHP's Australian shares were worth a staggering 41 per cent more than the London stock when trading closed in London. "(It) points to international investors being significantly more bearish on the global economy and global cyclicals than Australian domestic investors," said Jarrod Bakker from MST Financial. BHP's London listed shares had lost 40.68 per cent of their value between December 31 and Friday's close. BHP's Australian stock lost 31.35 per cent of their value over the same period. Equal rights The blowout in the BHP "spread" was seized on by several hedge funds last week, who urged their clients to exchange their Australian-listed BHP shares for the miner's London stock. BHP's London and Australian stock have equal rights over the company's assets, with the only difference for investors being local tax laws. ''If you have the luxury of being able to invest globally, very rarely in the past 20 years have you had a better opportunity to set up the spread, or switch your Aussie position into the London line, especially income investors, because you get 30 per cent more dividend for the same dollar investment,'' said one firm in a note to clients. Rio Tinto also has a dual-listed structure with both Australian and London listed stock, and the premium paid for Rio's Australian shares has expanded from the historically high level of 18 per cent on December 31 to near record levels at 24 per cent on Friday. The expanded premium for BHP and Rio's Australian stock has come despite the Australian dollar weakening against the British currency this year. A weakening Australian dollar traditionally weakens the premium paid for BHP and Rio's Australian shares. "Over the past two decades, the BHP and Rio Tinto spreads have closely followed the sterling to Australian dollar exchange rate. However since September 2019, there has been a notable divergence from the exchange rate," said Shaw and Partners analyst Peter O'Connor. "BHP should be thinking opportunistically whether this is a good time for a buyback of the London listed stock". pker@afr.com
20/12/2020
20:18
adrian j boris: BHP selects DNV GL as Verification Body and Classification Society for Trion FPU Oil & GasUpstreamDeepwater By NS Energy Staff Writer 17 Dec 2020 The work also includes several independent analyses from DNV GL to be conducted during the front-end engineering design and detailed design phase of the project BHP-PR-ill-s1288pxl_tcm8-193697 BHP selects DNV GL as Verification Body and Classification Society for Trion FPU. (Credit: DNV GL.) DNV GL will verify that the new infrastructure built for the BHP Trion project is compliant with local and global safety, as well as other requirements. The Verification Body and Classification contract specifies DNV GL, the leading independent expert in risk management and quality assurance, to participate in design review activities and site surveillance during construction, commissioning, and installation of the floating production unit (FPU). DNV GL announced it has been awarded a multidisciplinary contract by BHP Billiton Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to provide classification, verification, and independent analysis of the Trion FPU. Located approximately 19 miles (35 kilometers) south of the U.S./Mexico border and approximately 112 miles (200 kilometers) from the Mexican coastline, the FPU will be installed in a water depth of approximately 8,200 feet (2,500 meters). BHP holds a 60% interest in the development and PEMEX a 40% interest. “The Trion oil field development is historic in the Mexican gulf and a milestone for all of us involved,” said Frank Ketelaars, Regional Manager, Americas, DNV GL – Oil & Gas. “It is indeed a recognition of DNV GL for our competence in professionally executing mega projects of this scale internationally. DNV GL is honored to be the Classification Society involved in such a significant project, and we look forward to the growth of our partnership with BHP for years to come.” The contracted verification scope DNV GL will carry out includes full project compliance to the Mexican offshore regulations, NOMs (Official Mexican) standards and BHP’s safety case requirements. The scope of work also includes several independent analyses from DNV GL to be conducted during the front-end engineering design and detailed design phase of the project. “I am delighted BHP has recognized that we possess the technical expertise and knowledge, particularly with respect to local regulatory requirements, to assure the safety and compliance for this deepwater project,” concluded  Ketelaars. “We have worked with BHP on many different projects around the world and this contract win is a sign of the strength of our relationship with BHP in the Americas.” Source: Company Press Release
01/12/2020
06:51
the grumpy old men: BHP seals deal with Shell to fuel LNG-powered ship fleet December 1, 2020 — 4.10pm Mining giant BHP has awarded Shell a landmark contract to supply fuel for the world's first fleet of liquefied natural gas-powered Newcastlemax bulk carriers as it seeks to lower shipping emissions. As part of the company's pledge to slash emissions across its supply chain, BHP this year said it would charter five vessels from Eastern Pacific Shipping, powered by liquefied natural gas (LNG) instead of bunker fuel, to carry 10 million tonnes of iron ore a year from Australia to China from 2022. BHP has awarded Shell a contract to fuel the world's first fleet of LNG-powered bulk carriers. BHP has awarded Shell a contract to fuel the world's first fleet of LNG-powered bulk carriers.Credit:Robert Peet Using carriers powered by LNG rather than diesel would eliminate NOx (nitrogen oxide) and SOx (sulphur oxide) emissions, and sharply reduce carbon dioxide emissions, according to the miner. BHP chief commercial officer Vandita Pant said awarding the contract to Shell marked a significant step in the company's ambitions of reducing the carbon footprint across its shipping supply chain. "LNG-fuelled vessels are forecast to help BHP reduce carbon dioxide-equivalent emissions by 30 per cent on a per-voyage basis compared to a conventional fuelled voyage between WA and China, and contribute to our 2030 goal to support 40 per cent emissions-intensity reduction of BHP-chartered shipping of our products," Ms Pant said. BHP 'sets new bar' with carbon cuts targeting steel mills, shippers The contract, which BHP said was the result of a tender process including several potential LNG suppliers, comes as the resources industry faces pressure from some of the world's biggest investors to expand their carbon-reduction ambitions to take responsibility for emissions caused by the transport and end-use of their resources around the world, known as "Scope 3" emissions. BHP earlier this year became the first major resources company to commit to Scope 3 targets, aiming for a 30 per cent reduction in the emissions intensity of customers like steel mills and power plants that purchase their products, as well as the 40 per cent cut across its chartered shipping. Shell Energy executive vice-president Steve Hill congratulated BHP on reducing emissions in their maritime supply chain with the world's first LNG-fuelled Newcastlemax bulk carriers. "Decarbonisation of the shipping industry must begin today and LNG is the cleanest fuel currently available in meaningful volumes," he said. "This LNG bunkering contract strengthens the bunkering market in the region and we look forward to working with BHP and other customers in the maritime sector on their journey to a net-zero emissions future." In the shipping industry's biggest overhaul in decades, new emissions standards were introduced this year slashing sulphur levels permitted in maritime fuel. The changes prompted exporters including BHP to seek out cleaner alternatives to heavy fuel known as bunker fuel, which, until now, has been the shipping industry's main fuel source. The United Nations International Maritime Organisation has also set goals to halve carbon dioxide emissions generated by shipping by 2050 compared to 2008 levels. Mining BHP Billiton Nick Toscano Business reporter for The Age and Sydney Morning Herald.
15/8/2020
10:21
la forge: NSENERGY Shareholders ask BHP to put activities near Australian cultural heritage sites on standby Mining By Andrew Fawthrop 13 Aug 2020 Amid growing concerns over the protection of native and aboriginal heritage sites in Australia, BHP has been asked to pause a planned mine expansion until legislation is reformed BHP iron ore western australia BHP plans to expand its iron ore operations in Western Australia (Credit: BHP) A shareholder group called on BHP to halt any mining activities that could damage cultural heritage sites in Australia “until relevant laws are strengthened”. The resolution – submitted today (13 August) by the Australasian Centre for Corporate Responsibility (ACCR) – follows the destruction in May of the 46,000-year-old Juukan Gorge aboriginal cave shelters by miner Rio Tinto in Western Australia. It calls on BHP, one of the world’s largest mining companies, to introduce a moratorium on operations that would “disturb, destroy or desecrate cultural heritage sites” in the country until legislation to protect these regions has been reformed. The company currently holds permits to expand a mining project that could potentially disrupt up to 40 locations designated to be culturally significant to an aboriginal group in Western Australia. ACCR’s resolution is supported by the First Nations Heritage Protection Alliance, a coalition of more than 20 indigenous organisations from across Australia, representing every major aboriginal or native group in the country. BHP has vowed not to disturb Pilbara cultural heritage sites without ‘extensive consultation’ with land owners Following the Juukan Gorge incident – for which Rio Tinto has since apologised and faced a parliamentary enquiry into its actions – pressure has mounted for an accelerated reform of heritage-protection laws. Western Australia’s Aboriginal Heritage Act has not been updated since 1972 and is currently in the process of being redrafted. “Investors simply can’t stand by and allow another Juukan Gorge disaster to take place,” said ACCR executive director Brynn O’Brien. “Investors in BHP have the opportunity to ensure the company takes a cautious, best-practice approach in dealing with indigenous cultural heritage, by issuing a moratorium on any further destruction until laws are strengthened. “We believe it’s necessary that this shareholder resolution receives strong support – or is proactively adopted by BHP’s board – because there is far too much at stake to allow any further destruction of indigenous cultural sites.” In May, BHP secured permits to expand its South Flank iron ore project in Pilbara, Western Australia, in a region that is home to 40 cultural heritage sites linked to the Banjima aboriginal group. Despite the miner’s insistence that it “will not disturb the sites identified without further extensive consultation with the Banjima people”, the ACCR has pressed BHP to formalise this commitment by adopting the resolution. “Decisions about cultural heritage should be based on principles, not on a PR response to a crisis,” said O’Brien. In addition to the moratorium, the shareholder motion calls on BHP to remove “gag orders” preventing aboriginal land owners from speaking publicly about activities on their land, as well as for greater disclosure on the lobbying efforts of industry associations to which it belongs on issues of cultural heritage. ACCR calls for fresh review of trade-association memberships In a separate resolution, the ACCR also asks BHP to review the activity of its trade associations, and to suspend its membership with any that are found to be lobbying for Covid-19 stimulus measures that are inconsistent with the goals of the Paris Agreement. Such advocacy might include fast-tracked approvals for fossil-fuel projects or “aggressive deregulation”, according to ACCR director of climate and the environment Dan Gocher. “Global leaders have a once in a generation opportunity to accelerate decarbonisation through widespread economic stimulus measures,” he added. “If BHP is unwilling or unable to ensure that its industry associations support that transition, then it must suspend its membership.” Last year, more than a quarter of BHP shareholders voted in favour of a resolution calling for the miner to end its membership of trade associations that have lobbied for policies inconsistent with the climate goals set out in the Paris Agreement. BHP has pledged to invest $400m over five years to develop technologies that will help it lower its emissions footprint, with a target of reaching net zero by 2050.
14/8/2020
09:28
grupo guitarlumber: Shareholders ask BHP to put activities near Australian cultural heritage sites on standby Mining By Andrew Fawthrop 13 Aug 2020 Amid growing concerns over the protection of native and aboriginal heritage sites in Australia, BHP has been asked to pause a planned mine expansion until legislation is reformed BHP iron ore western australia BHP plans to expand its iron ore operations in Western Australia (Credit: BHP) A shareholder group called on BHP to halt any mining activities that could damage cultural heritage sites in Australia “until relevant laws are strengthened”. The resolution – submitted today (13 August) by the Australasian Centre for Corporate Responsibility (ACCR) – follows the destruction in May of the 46,000-year-old Juukan Gorge aboriginal cave shelters by miner Rio Tinto in Western Australia. It calls on BHP, one of the world’s largest mining companies, to introduce a moratorium on operations that would “disturb, destroy or desecrate cultural heritage sites” in the country until legislation to protect these regions has been reformed. The company currently holds permits to expand a mining project that could potentially disrupt up to 40 locations designated to be culturally significant to an aboriginal group in Western Australia. ACCR’s resolution is supported by the First Nations Heritage Protection Alliance, a coalition of more than 20 indigenous organisations from across Australia, representing every major aboriginal or native group in the country. BHP has vowed not to disturb Pilbara cultural heritage sites without ‘extensive consultation’ with land owners Following the Juukan Gorge incident – for which Rio Tinto has since apologised and faced a parliamentary enquiry into its actions – pressure has mounted for an accelerated reform of heritage-protection laws. Western Australia’s Aboriginal Heritage Act has not been updated since 1972 and is currently in the process of being redrafted. “Investors simply can’t stand by and allow another Juukan Gorge disaster to take place,” said ACCR executive director Brynn O’Brien. “Investors in BHP have the opportunity to ensure the company takes a cautious, best-practice approach in dealing with indigenous cultural heritage, by issuing a moratorium on any further destruction until laws are strengthened. “We believe it’s necessary that this shareholder resolution receives strong support – or is proactively adopted by BHP’s board – because there is far too much at stake to allow any further destruction of indigenous cultural sites.” In May, BHP secured permits to expand its South Flank iron ore project in Pilbara, Western Australia, in a region that is home to 40 cultural heritage sites linked to the Banjima aboriginal group. Despite the miner’s insistence that it “will not disturb the sites identified without further extensive consultation with the Banjima people”, the ACCR has pressed BHP to formalise this commitment by adopting the resolution. “Decisions about cultural heritage should be based on principles, not on a PR response to a crisis,” said O’Brien. In addition to the moratorium, the shareholder motion calls on BHP to remove “gag orders” preventing aboriginal land owners from speaking publicly about activities on their land, as well as for greater disclosure on the lobbying efforts of industry associations to which it belongs on issues of cultural heritage. ACCR calls for fresh review of trade-association memberships In a separate resolution, the ACCR also asks BHP to review the activity of its trade associations, and to suspend its membership with any that are found to be lobbying for Covid-19 stimulus measures that are inconsistent with the goals of the Paris Agreement. Such advocacy might include fast-tracked approvals for fossil-fuel projects or “aggressive deregulation”, according to ACCR director of climate and the environment Dan Gocher. “Global leaders have a once in a generation opportunity to accelerate decarbonisation through widespread economic stimulus measures,” he added. “If BHP is unwilling or unable to ensure that its industry associations support that transition, then it must suspend its membership.” Last year, more than a quarter of BHP shareholders voted in favour of a resolution calling for the miner to end its membership of trade associations that have lobbied for policies inconsistent with the climate goals set out in the Paris Agreement. BHP has pledged to invest $400m over five years to develop technologies that will help it lower its emissions footprint, with a target of reaching net zero by 2050.
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