BHP chief executive Andrew Mackenzie's pay has dropped nearly a quarter after a workplace death at a coal mine in Queensland and operational problems across other areas of the business stripped him of a large part of his bonus last year.
BHP's annual report also pointed to a series of operational issues over the financial year which had also affected Mr Mackenzie's pay, including a reduction in volumes in the Western Australian iron ore division due to a train derailment, a plant outage at"While shareholders have benefited during financial year 2019 from a positive share price growth and significant shareholder returns, the year was a challenging one operationally for BHP," the report said, "and the...
It comes as the mining giant also valued contributions to the wider economy at $US29.65 billion , which it said was roughly equivalent to the yearly Medicare budget, following a strong financial year boosted by a boom in the price of its key commodity, iron ore.
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