Despite voting to remain a member of an Australian coal lobby group, there are growing divisions between fossil fuel extractors and the larger energy industry.
A breakthrough resolution on Rio Tinto’s climate stance has received a strong vote at the company’s AGM.
AAP Image/Andy Brownbill
The shareholder resolution on climate change at Rio Tinto’s AGM is another indication of how much investor culture is tilting towards demanding that companies take a responsible climate stance.
BHP will go back to the future following the move to ditch “Billiton” from it’s name.
Alan Porritt/AAP
BHP’s rebrand is unlikely to affect the bottom line, research shows. But if it improves relations with politicians and voters, it would still be a success.
More than A$72 billion has been paid in dividends in 2016-17.
AAP/Dean Lewins
The mining industry is more resilient because of the recent downturn and it will be global supply and demand that will affect these companies in the future.
The mining sector is facing one of its toughest periods and large miners like BHP and Rio Tinto are not immune.
BHP/AAP
Six people are dead and more than 20 missing following the Samarco mine disaster in Brazil. But in the rush to blame we must consider the complexity of such failures.
Prevailing commentary that the future of the Australian coal sector is secure ignores some key trends.
Reuters/Jason Lee
BHP and Vale are under intense scrutiny following the failure of two dams associated with a joint venture iron ore mine in Brazil. It is believed 28 people have died.
BHP Billiton’s Andrew Mackenzie said his firm has an effective tax rate of 45%.
AAP Image/Tracey Nearmy
Roman Lanis, University of Technology Sydney and Ross McClure, University of Technology Sydney
BHP Billiton’s Andrew Mackenzie says his firm is Australia’s largest taxpayer, pays an average of $8 - $10 billion of tax in Australia every year and has an effective tax rate of 45%. Is that right?
Fortescue’s Andrew “Twiggy” Forrest says BHP Billiton and Rio Tinto have flooded the market.
AAP Image/Tony McDonough
While it’s easy for the large miners to argue increased iron ore production is business as usual, the overall cost to the sector warrants a closer inspection.
A US Supreme Court decision last week damaged the legal options for holding corporations to account for human rights and environmental abuses.
Philosophicalswag
The US Supreme Court has handed down a landmark decision that will have drawn sighs of relief from corporate boardrooms in Australia and around the world. Kiobel v. Royal Dutch Petroleum was brought by…
Outgoing BHP Billiton CEO Marius Kloppers shakes hands with his successor, Andrew Mackenzie.
AAP
The board of BHP Billiton Limited today announced the retirement of chief executive officer and inside director Marius Kloppers. Dr Kloppers is a 20-year veteran of the company, serving 12 years as a senior…