
BHP contributes $52.9b to Australian economy in FY24
It’s been revealed that mining giant BHP (ASX: BHP) contributed $52.9b in economic value to Australia in FY24 through wages, dividends, payments to suppliers, investments, taxes and royalties. Of this $52.9b, $22b was spent with suppliers and $110m went to social investment across BHP’s Australian communities. BHP-operated projects spent around $700m with 240 Indigenous suppliers, a 75% increase year-on-year, and these projects are well on track to meet its commitment to procure $1.5b of goods and services from Indigenous and Traditional Owner businesses by FY27. These projects contributed 9% and 11% of all government revenue (excluding grants) in Queensland and WA, respectively. This is being supported by BHP’s initial commitment of $20m over two years for major Indigenous initiatives from…