BHP launches major worldwide restructuring, AFR reports

BHP Group Ltd., the world’s biggest miner, has embarked on a major restructure of its global business, affecting units from mine-planning to decarbonization and heritage protection, according to a report in theThe changes led by chief executive officer Mike Henry will see several specialist teams disbanded and their functions reassigned in a bid to cut costs and simplify operations, the AFR reported, without saying where it got the information.

“As part of our continuous improvement in how we approach work, we have made some changes to better align work activities within assets and support quicker decision-making,” BHP said in an emailed response to questions fromBHP — a major producer of everything from iron ore to copper and metallurgical coal — suffered a sharp profit slump in its fiscal first half. While that was largely due to a $2.

In its financial results last week, BHP said the cost of mining was higher than prior to the Covid-19 pandemic, and warned that while prices pressures from energy and logistics had eased, labor costs remained a key risk. In Australia, BHP’s country president Geraldine Slattery sent a message to staff outlining the changes to functions including health, safety, environment and mine planning.CEO Graham Kerr said the deal will streamline the company's portfolio and unlock capital to invest in development projects in copper and zinc.The government is considering a 10% production tax credit that would apply to companies developing processing facilities for critical minerals.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rio Tinto, BHP tie up in Australian steel decarbonisation pilotNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »

BHP reports flat first-half profit; warns of inflation, high interest rates impactNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »

Uncovering genetic metabolite markers associated with anthracnose resistance to blueberry fruit rotAnthracnose fruit rot (AFR), caused by the fungal pathogen Colletotrichum fioriniae, is the most destructive and widespread fruit disease of blueberry, impacting fruit quality and yield. The reliance on fungicides prompts the need for sustainable solutions, highlighting the importance of breeding AFR-resistant cultivars.
Source: physorg_com - 🏆 388. / 55 Read more »

Which World Marathon Major Is the Hardest (And Easiest)?While every runner might have a different opinion, here’s what the data says about the World Marathon Majors, ranked from easiest to hardest.
Source: runnersworld - 🏆 19. / 71 Read more »

Luxury Helicopter Model DBX707 to Transport VIPs at Major EventsThe DBX707 model will be used to transport owners, VIP guests, and racegoers from helipad terminals to the courses at major events.
Source: LuxuryDaily - 🏆 325. / 59 Read more »

Railroaders Warn of Potential Train Derailment in Major Rail HubRailroaders and their unions warn that a train derailment similar to the one in East Palestine could happen in a major rail hub like Chicago. A new federal law prioritizing safety over profits is needed, but unlikely due to congressional gridlock and corporate lobbying.
Source: truthout - 🏆 69. / 68 Read more »