BHP's new chief executive Mike Henry has signalled the mining giant could exit thermal coal and boost exposure to minerals used in green technologies as it looks to reposition itself for a lower carbon world.
Morgans analyst Adrian Prendergast said Mr Henry's remarks were reflective of a trend of businesses – even resources companies – recognising and responding to the power of the decarbonisation push globally. "The third factor is they would likely want to find a responsible bidder, and put the assets into the hands of a company that would look after them and wouldn't disadvantage stakeholders," he said.
"We need more copper and we need more nickel. We do have some growth ahead of us in both of those commodities but I think to the far future and we'd like to have more options."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHP to pay record dividend but warns on coronavirus 'volatility'Australian mining giant BHP's profit soared nearly 40 per cent on the back of the boom in the price of steelmaking commodity iron ore, but warns demand could be affected by the deadly coronavirus outbreak
Source: smh - 🏆 6. / 80 Read more »
Angela Merkel's Germany isn't the climate leader you take it forAs her 15 years at the top draws to a close, Angela Merkel is a political titan in search of a more enduring legacy So missing the target of achieving a 40% reduction in emissions against 1990 levels is cause for criticism ... Amazing then that actively campaigned for ScottMorrisonMP then. Hypocritical shitgibbonry. Her legacy is that Western Europe will become ruled by a $!1M majority within a generation instead of at the last quarter of this century as was previously estimated. That's not a small thing. Never ever put a former East German in a leadership position. West Germany, was the best Germany.
Source: smh - 🏆 6. / 80 Read more »
BHP to pay record dividend but warns on coronavirus 'volatility'Australian mining giant BHP's profit soared nearly 40 per cent on the back of the boom in the price of steelmaking commodity iron ore, but warns demand could be affected by the deadly coronavirus outbreak
Source: smh - 🏆 6. / 80 Read more »
Famous threat against Holden before company’s shock exitThe beloved car brand’s days are now numbered – but a politician’s furious 2013 threat might have ultimately sealed its fate. governments stupid enough to hand over billions of our money with no commitments to long term future and if they do pack up, like they have, then they must repay the money. Dumb politicians. auspol Joe Hockey was not responsible for Holden withdrawing from Australian, ..Holden also announced they were withdrawing from New Zealand too. High cost of energy and high cost of labour drove this decision, not the ramblings of a pollie who has been out of office for years.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Live: NSW Now: Travellers quarantined over coronavirus return, Obeids' coal trial continuesMORNING BRIEFING: Australians quarantined on Christmas Island over coronavirus fears return to Sydney Airport, while Eddie Obeid and his son Moses face court over an alleged licence conspiracy.
Source: abcnews - 🏆 5. / 83 Read more »
Gold Coast tourism boss says coronavirus 'worse than GFC' for glitter stripDestination Gold Coast has labelled the coronavirus the biggest tourism crisis the city has faced, amid fears airlines could reduce service to the city. With any luck it will be reclaimed by the ocean. Just promote shooters more! But of a first world problem 😐🤷♂️
Source: abcnews - 🏆 5. / 83 Read more »