BHP reshuffles executive team ahead of new CEO

AREEA calls for FWC reform amid surge in workplace claims  Australia’s resources and energy employer group has urged the Federal Government to take urgent action to reform the Fair Work Commission (FWC), citing performance concerns amid a surge in workplace claims.   This follows significant increases in case load for the FWC in recent years.  In an address to the Tattersalls Club Workplace Relations Group in Brisbane, AREEA chief executive Steve Knott warned that the Commission is ‘drowning in employee claims,’...

Alcoa spotlights environmental research Alcoa Australia (ASX: AAI) hosted more than 120 delegates from 33 organisations across the country at its Environmental Research Symposium last week. Attendees heard about 19 innovative research projects presented by Alcoa, collaborative partners and others from across industry, government and academia. Hosted by Alcoa’s Forest Research Centre and supported by Murdoch’s Harry Butler Institute, the event included insights across fauna, flora, rehabilitation practices, water, and the importance of embracing Traditional Owner knowledge and practices to develop a legitimate two-way science approach to forest management. In addition to insights into fauna behaviour, attendees witnessed presentations covering the secrets...

Exploration drives 100% resources bump for Northern Star The future is bright for Northern Star (ASX: NST), with the miner lifting its mineral resources to 70.7moz and ore reserves to 22.3moz. The results, part of the company’s mineral resources and ore reserves update, are fuelled by exploration efforts driving further value creation. At the Kalgoorlie Consolidated Gold Mines operation (KCGM), mineral resources are up 100% and ore reserves are up 50% since acquisition five years ago at average discovery success of $13/oz. KCGM mineral resources increased to 38.9moz, up 7.2moz, and ore reserves increased to 14.4moz, up 1.2moz, predominately driven by growth at Fimiston Underground. At...

Anglo American sells its slice of Jellinbah for $1.6b Anglo American has agreed to the sale of its 33.3% minority interest in Jellinbah Group (Jellinbah) to Zashvin for cash proceeds of $1.6b as part of the company’s larger plan to restructure its business by shedding unwanted assets. The Jellinbah Group is a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Queensland. Zashvin is an existing 33.3% shareholder in Jellinbah alongside Anglo American and Marubeni. This deal follows the rejection of BHP’s (ASX: BHP) third unsolicited, non-binding and...