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West Australian
10 hours ago
- Business
- West Australian
More than 100 BHP workers cut for sexual and racial harassment, but total complaints fall sharply
BHP sacked more than 100 workers for sexual and racial harassment last financial year, but total complaints of misconduct have fallen sharply. The mining giant's annual report, released with its full-year results on Tuesday, reveal it proved 102 complaints of sexual harassment as well as 24 cases of racial harassment, across its global workforce of 91,000 employees and contractors, in the 2025 financial year. All but six of the 126 offenders lost their jobs or resigned because of the misconduct, it said. Of the proven sexual harassment complaints, 31 involved sexualised and indecent touching, 36 sexually aggressive comments, stalking, grooming or image-based harassment, and 33 other forms of sexual harassment, including conversations and jokes. Addressing sexual harassment has become a key focus of the mining industry since 2021 when a series of reports revealed an alarming spate of sexual assaults and harassment across the fly-in, fly-out sector, triggering a WA parliamentary inquiry. The subsequent crackdown has empowered staff to call out misbehaviour and appears to be reining in misconduct. Total complaints, or 'business conduct concerns' at BHP across the 2025 financial year fell sharply from 5087 in 2024 to 3515, 40 per cent of them made anonymously. Of the 3515 complaints, more than half - 1873 - related to harassment and bullying, down 35 per cent on a year earlier. The other concerns included allegations of discrimination, fraud or cyber breaches. The report also disclosed that BHP chief executive Mike Henry's pay increased 16 per cent on a statutory basis to $US8.51 million in the 2025 financial year, including a $US1.65m cash bonus. On a realised basis, which is a better measure of take-home pay, his remuneration increased from $US8.5m to $US8.9m. Australian boss Geraldine Slattery took home $US4.6m, up from $US4.3m.
West Australian
05-08-2025
- Business
- West Australian
Productivity roundtable: BHP boss Geraldine Slattery warns against raising taxes
The boss of Australia's richest mining business has spoken out against the Productivity Commission's plan to shake-up the company tax system. The Commission last week recommended slashing the tax rate for small and medium companies — with less than $1 billion revenue — to 20 per cent. The change would dramatically alter the existing regime under which big businesses pay 30 per cent tax and companies with turnover below $50m are levied 25 per cent. To cover the bill, the Commission called for a new 5 per cent cash flow levy that would apply to all firms. Economists hoped the system rejig would encourage investment without sucking cash out of the Budget. The Commission reckoned it would boost the economy by $15bn. Australian Council of Trade Unions boss Sally McManus went a step further just days later, proposing new taxes on iron ore and gas exports. But lobbyists swiftly hit back at the Commission's idea, with the Business Council of Australia declaring the move an 'experimental change'. BHP Australian boss Geraldine Slattery waded in on Tuesday with comments circulated to the Canberra press gallery. Ms Slattery said Australia needed to be a competitive place for global investment, and needed tax settings to match. 'Australia's corporate tax rate is already among the highest in the OECD, and combined with Australia's high energy costs and flat-lining labour productivity, increased taxes would put Australia at a clear disadvantage,' she said. 'Other countries are actively competing for capital by creating more attractive investment environments. 'Any move to raise taxes here would make it harder for Australia to compete and harder to sustain and grow the very industries and jobs that drive the most prosperity and productivity.' Revealing the plan last week, the Commission said it would 'move Australia from having one of the highest to one of the lowest statutory rates for small and medium-sized firms in the OECD'. 'Our proposed reforms will begin to shift the company tax system towards one that better supports investment and productivity growth,' deputy chair Alex Robson said. The proposed cash flow tax would allow big businesses like BHP to immediately deduct the full value of their investments rather than doing so across many years under the existing system.
Straits Times
16-07-2025
- Business
- Straits Times
BHP says too costly to build Australian green iron industry as PM seeks China collaboration
Find out what's new on ST website and app. The lack of enthusiasm from the world's biggest miner came as a reality check for Australia's ambitions. MELBOURNE - Major miner BHP has said it is too costly for Australia to build a 'green iron' industry after the country and China agreed this week to jointly work to decarbonise the steel supply chain, responsible for nearly a tenth of global emissions. BHP Australia chief Geraldine Slattery, who attended business round tables with Australian and Chinese industry leaders in China this week, said that costs to produce the low carbon steel product 'simply do not stack up'. 'Even with generous policy support, the cost of production (in Australia) would be double that of the Middle East and China – and customers many thousands of kilometres away,' Slattery said in a social media post late on July 15. Slattery and other CEOs of mining companies accompanied Australian Prime Minister Anthony Albanese on a visit to China this week , where he said the two countries should cooperate more closely on green steel. The lack of enthusiasm from the world's biggest miner, which said its strategy was 'not to produce green iron ore or steel ourselves', in the wake of the talks came as a reality check for Australia's ambitions. Australia supplies about 60 per cent of China's iron ore needs but its supply is too low-grade to be directly processed into steel with renewable energy, so it needs an additional processing step. When this step is undertaken with hydrogen made from renewable energy or with biomass instead of coal, the resulting product is called green iron , a low-carbon base for making green steel. Such processes are not expected to become widely commercial until next decade. Top stories Swipe. Select. Stay informed. Singapore Acute psychiatry services to be expanded across all healthcare clusters: MOH Singapore Strong argument for cockpit video recording, says Iata chief in wake of Air India crash report Singapore Baby died after mum took abortion pills and gave birth in toilet; coroner records an open verdict Life S'pore travel agency Beyond Expeditions criticised for planning, safety issues Business Tycoon Robert Kuok's daughter Kuok Hui Kwong appointed CEO of Shangri-La Asia Singapore Jail for drunken man who shoved stranger into Singapore River, causing him to drown Singapore 'Kpods broke our marriage, shattered our children': Woman on husband's vape addiction Singapore Asia-Pacific will need over 230k new pilots, 250k aircraft maintenance technicians by 2042: ICAO chief Australia has been striving to develop a minerals processing industry to diversify from its raw material exports that bring in around A$370 billion (S$310.4 billion) a year, but it has been hamstrung by high power prices and labour costs. In February the government allocated A$1 billion to support the manufacture of green iron and its supply chains. BHP, Rio Tinto and Bluescope Steel agreed in December to work on developing a pilot plant to produce low-carbon iron using renewable power and direct reduced iron technology in an electric smelting furnace (ESF), with a potential start date of 2028. Fortescue also has a green iron project underway, and is set to produce green iron from a pilot plant this year. REUTERS
Time of India
16-07-2025
- Business
- Time of India
BHP flags high costs as hurdle to Australia's green iron ambitions despite China pact
Major miner BHP has said it is too costly for Australia to build a " green iron " industry after the country and China agreed this week to jointly work to decarbonise the steel supply chain , responsible for nearly a tenth of global emissions. BHP Australia chief Geraldine Slattery, who attended business round tables with Australian and Chinese industry leaders in China this week, said that costs to produce the low carbon steel product "simply do not stack up". "Even with generous policy support, the cost of production (in Australia) would be double that of the Middle East and China - and customers many thousands of kilometres away," Slattery said in a social media post late on Tuesday. Slattery and other CEOs of mining companies accompanied Australian Prime Minister Anthony Albanese on a visit to China this week, where he said the two countries should cooperate more closely on green steel . The lack of enthusiasm from the world's biggest miner, which said its strategy was "not to produce green iron ore or steel ourselves", in the wake of the talks came as a reality check for Australia's ambitions. Australia supplies about 60% of China's iron ore needs but its supply is too low-grade to be directly processed into steel with renewable energy, so it needs an additional processing step. When this step is undertaken with hydrogen made from renewable energy or with biomass instead of coal, the resulting product is called green iron, a low-carbon base for making green steel. Such processes are not expected to become widely commercial until next decade. Australia has been striving to develop a minerals processing industry to diversify from its raw material exports that bring in around A$370 billion ($242 billion) a year, but it has been hamstrung by high power prices and labour costs. In February the government allocated A$1 billion to support the manufacture of green iron and its supply chains. BHP, Rio Tinto and Bluescope Steel agreed in December to work on developing a pilot plant to produce low-carbon iron using renewable power and direct reduced iron technology in an electric smelting furnace (ESF), with a potential start date of 2028. Fortescue also has a green iron project underway, and is set to produce green iron from a pilot plant this year.
Yahoo
16-07-2025
- Business
- Yahoo
BHP says too costly to build Australian green iron industry as PM seeks China collaboration
MELBOURNE (Reuters) -Major miner BHP has said it is too costly for Australia to build a "green iron" industry after the country and China agreed this week to jointly work to decarbonise the steel supply chain, responsible for nearly a tenth of global emissions. BHP Australia chief Geraldine Slattery, who attended business round tables with Australian and Chinese industry leaders in China this week, said that costs to produce the low carbon steel product "simply do not stack up". "Even with generous policy support, the cost of production (in Australia) would be double that of the Middle East and China – and customers many thousands of kilometres away," Slattery said in a social media post late on Tuesday. Slattery and other CEOs of mining companies accompanied Australian Prime Minister Anthony Albanese on a visit to China this week, where he said the two countries should cooperate more closely on green steel. The lack of enthusiasm from the world's biggest miner, which said its strategy was "not to produce green iron ore or steel ourselves", in the wake of the talks came as a reality check for Australia's ambitions. Australia supplies about 60% of China's iron ore needs but its supply is too low-grade to be directly processed into steel with renewable energy, so it needs an additional processing step. When this step is undertaken with hydrogen made from renewable energy or with biomass instead of coal, the resulting product is called green iron, a low-carbon base for making green steel. Such processes are not expected to become widely commercial until next decade. Australia has been striving to develop a minerals processing industry to diversify from its raw material exports that bring in around A$370 billion ($242 billion) a year, but it has been hamstrung by high power prices and labour costs. In February the government allocated A$1 billion to support the manufacture of green iron and its supply chains. BHP, Rio Tinto and Bluescope Steel agreed in December to work on developing a pilot plant to produce low-carbon iron using renewable power and direct reduced iron technology in an electric smelting furnace (ESF), with a potential start date of 2028. Fortescue also has a green iron project underway, and is set to produce green iron from a pilot plant this year. ($1 = 1.5319 Australian dollars)
