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BHP: Fine Words, Foul Play 23 September 2020 Introduction
BHP: fine words, foul play 23 September 2020 Introduction BHP presents itself, and is often considered by investors, as the very model of a modern mining company. Not only does it present itself as socially and environmentally responsible but now as indispensable in the efforts to save the world from climate catastrophe. Given the impacts and potential impacts of its Australian operations on Aboriginal sites and the furore over Rio Tinto’s destruction of the Juukan Gorge site earlier this year, perhaps BHP will begin to tread more carefully. It certainly needs to. This briefing summarises concerns around current and planned operations in which BHP is involved in Brazil, Chile, Colombia, Peru and the USA. LMN and our member groups work with communities or partner organisations in these five countries. Concerns include ecological and social impacts, violation of indigenous rights, mining waste disposal and the financing of clean- up. Other matters of current concern are briefly noted. At the end of the briefing are reports on three legacy cases - in Papua New Guinea, Indonesia and Colombia - where BHP pulled out, leaving others to deal with the environmental destruction and social dislocation caused by its operations. LMN exists to work in solidarity with communities harmed by companies linked to London, including BHP, the world’s largest mining corporation. This briefing is intended to encourage those who finance the company to use that finance to force change, and members of the public to join us in support of communities in the frontline of the struggle to defend their rights and the integrity of the planet’s ecosystems. -
THE MAKING of the NEWCASTLE INDUSTRIAL HUB 1915 to 1950
THE MAKING OF THE NEWCASTLE INDUSTRIAL HUB 1915 to 1950 Robert Martin Kear M.Bus. (University of Southern Queensland) A thesis submitted in fulfilment of the requirements for the degree of a Master of Philosophy in History January 2018 This research was supported by an Australian Government Research Training Program (RTP) Scholarship STATEMENT OF ORIGINALITY I hereby certify that the work embodied in the thesis is my own work, conducted under normal supervision. The thesis contains no material which has been accepted, or is being examined, for the award of any other degree or diploma in any other university or other tertiary institution and, to the best of my knowledge and belief, contains no material previously published or written by another person, except where due reference has been made in the text. I give consent to the final version of my thesis being made available worldwide when deposited in the University’s Digital Repository, subject to the provisions of the Copyright Act 1968 and any approved embargo. Robert Kear ii ABSTRACT Aim of this Thesis The aim of this thesis is to chart the formation of the Newcastle Industrial Hub and to identify the men who controlled it, in its journey from Australian regional obscurity before 1915, to be the core of Australian steel manufacturing and technological development by 1950. This will be achieved through an examination of the progressive and consistent application of strategic direction and the adoption of manufacturing technologies that progressively lowered the manufacturing cost of steel. This thesis will also argue that, coupled with tariff and purchasing preferences assistance, received from all levels of government, the provision of integrated logistic support services from Newcastle’s public utilities and education services underpinned its successful commercial development. -
X in Re BHP BILLITON LIMITED SECURITIES LITIGATION MEMORANDUM and ORDER ------X This Document Relates To: 16 Civ
Case 1:16-cv-01445-NRB Document 77 Filed 08/29/17 Page 1 of 61 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------------X In re BHP BILLITON LIMITED SECURITIES LITIGATION MEMORANDUM AND ORDER ----------------------------------------X This Document Relates To: 16 Civ. 1445 (NRB) ALL ACTIONS ----------------------------------------X NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE These consolidated actions were brought pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 against BHP Billiton Limited, BHP Billiton Plc (together, “BHP”), and certain of BHP’s officers and directors (the “Individual Defendants”, and, together with BHP, “defendants”), on behalf of a putative class of investors who purchased BHP American Depositary Receipts (“ADRs”) between September 25, 2014 and November 30, 2015 (the “Class Period”). Defendants have moved to dismiss the Amended Complaint for failure to state a claim. For the following reasons, defendants’ motion is granted in part and denied in part. BACKGROUND We summarize the allegations contained in the lengthy and detailed Amended Complaint. BHP operates under a dual listed company structure, with parent companies BHP Billiton Limited and BHP Billiton Plc operated as a single economic entity by a unified Case 1:16-cv-01445-NRB Document 77 Filed 08/29/17 Page 2 of 61 board of directors and management team. Amended Compl. (“FAC”) ¶ 26. Holders of the ADRs effectively have an interest in a single group that combines the assets, and is subject to the liabilities, of BHP Ltd. and BHP Plc. FAC ¶ 26. Throughout the Class Period, the ADRs of BHP Ltd. -
Global Extractivism and Mining Resistance in Brazil and India
Revised Pages Iron Will Revised Pages Revised Pages Iron Will Global Extractivism and Mining Resistance in Brazil and India Markus Kröger University of Michigan Press Ann Arbor Revised Pages Copyright © 2020 by Markus Kröger All rights reserved This work is licensed under a Creative Commons Attribution-NonCommercial- NoDerivatives 4.0 International License. Note to users: A Creative Commons license is only valid when it is applied by the person or entity that holds rights to the licensed work. Works may contain components (e.g., photographs, illustrations, or quotations) to which the rightsholder in the work cannot apply the license. It is ultimately your responsibility to independently evaluate the copyright status of any work or component part of a work you use, in light of your intended use. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc-nd/4.0/. Published in the United States of America by the University of Michigan Press Manufactured in the United States of America Printed on acid- free paper First published November 2020 A CIP catalog record for this book is available from the British Library. Library of Congress Cataloging- in- Publication data has been applied for. ISBN 978-0-472-13212-6 (hardcover : alk. paper) ISBN 978-0-472-12711-5 (e-book) ISBN 978-0-472-90239-2 (OA) http://dx.doi.org/10.3998/mpub.11533186 Revised Pages To Otso and Jenni Revised Pages Revised Pages Contents Preface ix Acknowledgments xv Introduction 1 Part I. Theorizing the Impacts of Resistance to Extractivism 25 Chapter 1. Resistance and Investment Outcomes 27 Chapter 2. -
British Mining in Latin America War on Want Fights Against the Root Causes of Poverty and Human Rights Violation, As Part of the Worldwide Movement for Global Justice
British mining in Latin America War on Want fights against the root causes of poverty and human rights violation, as part of the worldwide movement for global justice. We do this by: • working in partnership with grassroots social movements, trade unions and workers’ organisations to empower people to fight for their rights • running hard-hitting popular campaigns against the root causes of poverty and human rights violation • mobilising support and building alliances for political action in support of human rights, especially worker’s rights • raising public awareness of the root causes of poverty, inequality and injustice, and empowering people to take action for change. www.waronwant.org This publication has been produced with the assistance of the European Union. The contents of this publication are This project has been financed the sole responsibility of War on Want and can in no way by the European Union. be taken to reflect the views of the European Union. CONTENTS 01 Preface 02 1. London and extractivism 04 Extractivism and global markets 06 Corporate elites 06 Copper and coal 06 Mining Conflicts in Latin America: Table and Map 09 2. Anglo American: Toxic spills and deadly threats 14 Chile and Peru: environmental pollution 15 Minas Rio, Brazil: opposition and fear 17 3. BHP Billiton: the world’s biggest mining giant 19 The Samarco dam collapse: the worst environmental disaster in Brazil’s history 19 Antamina: poisoning people? 22 Escondida in Chile: the biggest copper mine in the world 24 4. Glencore: rotten to the core 25 Environmental damage in Argentina, Colombia, Bolivia and Peru 26 Tintaya: human rights violations 29 5. -
Thatdeliver the Strategicdrivers
5041 BHPB AR06 cover_UK 13/9/06 10:35 PM Page 1 BHP Billiton Annual Report 2006 BHP Billiton Annual Report The Strategic Drivers that deliver the Essential Elements www.bhpbilliton.com Annual Report 2006 WorldReginfo - c6478d1e-7999-4617-a7c0-05343b86108a 5041 BHPB AR06 cover_UK 13/9/06 10:35 PM Page 2 Corporate Directory BHP BILLITON GROUP MARKETING OFFICES New Zealand We are BHP Billiton, a leading global resources REGISTERED OFFICES The Netherlands Computershare Investor Services Limited Level 2/159 Hurstmere Road company. BHP BILLITON LIMITED Verheeskade 25 2521 BE The Hague Takapuna North Shore City Australia Postal Address – Bag 92119 Auckland 1020 BHP Billiton Limited Telephone (31 70) 315 6666 Telephone (64 9) 488 8777 Our purpose is to create long-term value through the BHP Billiton Centre Facsimile (31 70) 315 6767 Facsimile (64 9) 488 8787 discovery, development and conversion of natural 180 Lonsdale Street Singapore Melbourne VIC 3000 168 Robinson Road #10-01 United States resources, and the provision of innovative customer Telephone (61 3) 9609 3333 Capital Tower Computershare Investor Services Facsimile (61 3) 9609 3015 Singapore 068912 2 North LaSalle Street and market-focused solutions. Telephone (65) 6349 3333 Chicago, IL 60602 BHP BILLITON PLC Facsimile (65) 6349 4000 Postal Address – PO Box 0289 United Kingdom Chicago, IL 60690-9569 Our seven strategic drivers assist us in achieving our Neathouse Place Telephone 1 888 404 6340 objectives. These drivers are our people; our licence to London SW1V 1BH SHARE REGISTRARS AND (toll-free within US) Telephone (44 20) 7802 4000 TRANSFER OFFICES Facsimile (1 312) 461 4331 operate; our world-class assets; the way we do business; Facsimile (44 20) 7802 4111 Australia ADR Depositary, Transfer Agent and Registrar our financial strength and discipline; our project pipeline; Company Secretaries BHP Billiton Limited Registrar JPMorgan Chase Bank, NA Computershare Investor Services JPMorgan Service Center Karen J Wood (Group Company Secretary) Pty Limited PO Box 3408 and growth options. -
Samarco Mineração S.A. - Judicial Recovery
1 SAMARCO MINERAÇÃO S.A. - JUDICIAL RECOVERY Message from Management, Independent auditor’s report and Financial Statements as of December 31, 2020. 2 SAMARCO MINERAÇÃO S.A. - IN JUDICIAL RECOVERY Message from Management MESSAGE FROM MANAGEMENT 3 WORDS FROM THE BOARD 2020 Between the collapse of the Fundão dam and December 2020, our production activities were idle. During that period, we based our actions on The year ended December 31, 2020 marked the two pillars: commitment to safely and sustainably beginning of a new organizational cycle at Samarco, repair and return to operations. We partially with gradual resumption of operational activities resumed our operations in December 2020. after five years of stoppage. In this publication, we, at Samarco, present the financial statements COMMITMENT TO REPAIR for the period with their respective explanatory notes, additional information and clarifications. We reaffirm our commitment to surrounding In this first semester, in our Annual Sustainability communities and to areas affected by the collapse Report, we will provide detailed information about of the Fundão dam. Up to December 2020, the company’s management and implemented R$ 11.7 billion was allocated to reparation and environmental and social programs. Also, on April 9, compensation measures. The actions are being 2021, the company filed a Judicial Reorganization conducted by Fundação Renova, an autonomous, petition with the 2nd Business State Court for the independent entity, which started its activities Belo Horizonte District of Minas Gerais to protect in 2016, as set out in the Transaction & Conduct its assets and operations from enforcement actions Adjustment Term (TTAC) and, subsequently, in the brought by its financial creditors and enable it to Conduct & Governance Adjustment Term (TAC seek to negotiate and implement a restructuring Governance), approved in 2018. -
Stewardship Report 2018–19
Stewardship Report 2018–19 Sculpture by Kristen Visbal State Street Global Advisors 2 To Our Clients Rick Lacaille Global Chief Investment Officer State Street Global Advisors I am pleased to present our Annual Stewardship Report, which showcases the work we undertook on your behalf in 2018 and 2019 thus far. At State Street, we believe that stewardship is our fiduciary responsibility and one of the ways we add value for clients and at portfolio companies. Our asset stewardship team is part of our investment organization, reflecting the integral role it plays in our investment processes. By engaging with boards and management teams about issues that are vital to companies’ long-term profitability and using our voting power to effect change, we rigorously advocate for our clients’ interests. In addition to issues related to long-term strategy and board composition, we also incorporate material Environmental, Social and Governance (ESG) concerns into our engagement efforts. This report is an integral mechanism through which we hold ourselves accountable for our stewardship activities. Annual Stewardship Report 2018–19 3 Overall Engagement and Core Campaigns scoring system called “R-Factor™” or Responsibility-Factor In 2018, we engaged with 1,533 companies, which accounts for that measures the performance of a company’s business about 70% of our AUM in equities. Some of the highlights in operations and governance as it relates to financially material this report include updates on our core multi-year campaigns ESG issues facing the company’s industry. The scoring of gender diversity and climate change, which will continue to methodology leverages transparent materiality frameworks to be focus areas until portfolio companies effectively address generate a unique ESG score for listed companies. -
OUR RESOURCES at WORK BHP BILLITON PLC ANNUAL REPORT 2003 Your Company at Work
OUR RESOURCES AT WORK BHP BILLITON PLC ANNUAL REPORT 2003 Your Company at work Around the globe, every day, the commodities we supply are used to make products that enhance people’s daily lives, from power sources to computer parts to precision-made surgical instruments. In carrying out our key role in the production process, we aspire to be not only the premier supplier of natural resources and related products, but one of the world’s best companies – creating value and delivering superior, sustainable returns for our shareholders. Our Dual Listed Companies merger in June 2001 established BHP Billiton as the world’s largest diversified resources group. Based on this solid foundation, the Strategic Framework we announced in April 2002 set out the imperatives and direction for us to realise our full potential. We have continued that strategic direction and applied our energy and expertise to build on our strengths in order to ensure the long-term growth of the Company. The characteristics that differentiate BHP Billiton from other resources companies are our: • world-class assets • diverse commodity mix • global footprint • stable cash flows • strong management team • unique marketing model • deep inventory of projects • significant growth opportunities. Underpinning our earnings capability is our dedication to identifying the needs of each of our customers and responding with innovative solutions, including cross-commodity offerings that give us a distinctive competitive edge. Together, all these attributes have delivered significant progress over the past year. This Annual Report presents our 2003 results, operating reviews of our Customer Sector Groups and our key objectives for the year ahead. -
Bhp Results for the Half Year Ended 31 December 2020
BHP Group Plc Registration number 3196209 Registered in England and Wales Share code: BHP ISIN: GB00BH0P3Z91 Release Time IMMEDIATE Date 16 February 2021 Number 02/21 BHP RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2020 Note: All guidance is subject to further potential impacts from COVID-19 during the 2021 financial year. Keeping our people and communities safe There were no fatalities at our operated assets over the last two years. Our focus on safety, health and wellbeing has enabled us to deliver strong safety and operational performance. Maximise cash flow: Strong operational performance and free cash flow generation, with a margin of 59% Strong underlying operational performance, with record production achieved at Western Australia Iron Ore (WAIO) and record average concentrator throughput delivered at Escondida. Profit from operations of US$9.8 billion, up 17%. Underlying EBITDA(i) of US$14.7 billion at a margin(i) of 59%, with full year unit cost guidance unchanged for our major assets (at guidance exchange rates(ii)). Attributable profit of US$3.9 billion (includes an exceptional loss of US$2.2 billion predominantly related to the impairments of New South Wales Energy Coal (NSWEC) and associated deferred tax assets, and Cerrejón). Underlying attributable profit(i) of US$6.0 billion up 16% from the prior period. Net operating cash flow of US$9.4 billion and free cash flow(i) of US$5.2 billion reflects higher iron ore and copper prices and strong operational performance. Capital discipline: Spence Growth Option delivered on time and budget, and our balance sheet remains strong Capital and exploration expenditure(i) of US$3.6 billion. -
Some Dam – Hydro Newstm
11/27/2015 Some Dam – Hydro News TM And Other Stuff i Quote of Note: “Te beatn pat is te safest, but te tafc’s trrible.” - - Jef Taylor Some Dam - Hydro News Newsletter Archive for Back Issues and Search http://npdp.stanford.edu/ Click on Link (Some Dam - Hydro News) Bottom Right - Under Perspectives “Good wine is a necessity of life.” - -Thomas Jefferson Ron’s wine pick of the week: 2013 Talley Vineyards Pinot Noir "Estate" “ No nation was ever drunk when wine was cheap. ” - - Thomas Jefferson 1 Copy obtained from the National Performance of Dams Program: http://npdp.stanford.edu Happy Tanksgiving! Dams: (Ask again, are they really dams?) Deadly Brazil dam collapse puts spotlight on mining safety BY GORDON HOEKSTRA, VANCOUVER SUN NOVEMBER 12, 2015, VANCOUVERSUN.COM A deadly mine tailings dam collapse in Brazil has reignited concerns about safety in British Columbia where a similar collapse at Mount Polley mine last year caused environmental damage but no fatalities. The catastrophic collapse of a dam at the Samarco iron ore mine, a joint venture of Vale SA and BHP Billiton, has left eight confirmed dead, another 21 people missing and hundreds of Brazilians displaced. In the aftermath of the Brazil dam failure last week, both First Nations and environmentalists in B.C. are pointing to research released last summer by U.S.-based conservation groups, including the Center for Science in Public Participation, that predicted there would be more mine dam failures around the world as companies pursue lower- grade ore bodies that require bigger operations to make them economical and produce larger amounts of mine waste. -
Financial Results Year Ended 30 June 2020
Financial results Year ended 30 June 2020 Escondida Disclaimer Forward-looking statements This presentation contains forward-looking statements, including statements regarding: trends in commodity prices and currency exchange rates; demand for commodities; production forecasts; plans, strategies and objectives of management; closure or divestment of certain assets, operations or facilities (including associated costs); anticipated production or construction commencement dates; capital costs and scheduling; operating costs and shortages of materials and skilled employees; anticipated productive lives of projects, mines and facilities; provisions and contingent liabilities; and tax and regulatory developments. Forward-looking statements may be identified by the use of terminology, including, but not limited to, ‘intend’, ‘aim’, ‘project’, ‘anticipate’, ‘estimate’, ‘plan’, ‘believe’, ‘expect’, ‘may’, ‘should’, ‘will’, ‘would’, ‘continue’, ‘annualised’ or similar words. These statements discuss future expectations concerning the results of assets or financial conditions, or provide other forward-looking information. These forward-looking statements are based on the information available as at the date of this release and are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this release. BHP cautions against reliance on any forward-looking statements or guidance, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption arising in connection with COVID-19. For example, our future revenues from our assets, projects or mines described in this release will be based, in part, upon the market price of the minerals, metals or petroleum produced, which may vary significantly from current levels.