'Opportunities around the world': BHP CEO discusses the company's copper operation

BHP Chief Executive Mike Henry discusses the company’s copper operation amid the global energy transition.

BHP has continued with the expansion of its copper smelter and refinery at Olympic Dam, located in South Australia.

“We’ve got opportunities around the world,” Mr Henry told Sky News Business Editor Ross Greenwood.

“Every project has to compete for capital under the capital allocation framework and we’re advancing a number of these options in parallel.”

[VKAB-]

To the various state governments - Rio and BHP are mining our natural resources - as is their right under the terms of a mining lease. However, the return to the states and the owners of the mineral rights, the citizens of those states, are not realistic. Returns in the form of royalties need to be increased significantly. Its time for states to renegotiate these royalties to higher levels and place that revenue in state based sovereign wealth funds. This is good policy, has worked well in Norway and benefits all citizens not some citizens.

[NRCZBRO_]

The problem for labor - is how it forms policies. Or back engineers a problem. And labor is always obsessed with tax revenue. The issue here - is labor always blows everything up on itself.

Going down the rabbit hole on climate - it is now used - to blame every human activity on global warming. That's a policy rabbit hole - that you really look at what makes you money - before you go destroying the piggy bank of mining - that funds the Australian Federal Government budget.

Labor forgot. To get the revenue streams set up.

Should be more - keep industrial relations under control.

Drop company taxes. As most mining companies are now based overseas.

And increase the royalties tax that is paid - before a shipload of minerals - leaves port.

Don't increase taxes - make them more efficient.

[jeffhatmaker]

A CEO that actually sounds like he knows what he's talking about.

[ismzaxxon]

Why did all of Australia's copper fail. Indian companies.

[GregMoylan-pnsr]

...not to mention big iron ore competition hitting the market from massive reserves of high quality ore at Africa's Simandou mine (Chinese owned). Iron ore prices are heading south.