Business
In midst of tumult, BHP’s Henry puts stamp on resilient miner, reshapes portfolio – Sydney Morning Herald
BHP has produced a solid result despite the pandemic, while announcing a reshaping of its portfolio and leadership team.
While the expected surge in iron ore prices helped, the record production levels, reduced cash costs, safety performance and the COVID-free experience in Western Australia underscore how well BHP and the other Pilbara miners have responded to the unprecedented challenges posed and the significant costs involved in the abrupt change to the workforce and work practices by the virus.
Indeed, with unit costs reduced by 9 per cent across the major assets within its portfolio, copper-equivalent volum…
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