BHP BILLITON - On the Path to Becoming a Premier Global Resources Group
With more than 80,000 contractors and employees, BHP is flourishing as a diversified resources company with successful business operations in petroleum products, metals, minerals, coal, and iron ore. The company’s main divisions deal in Iron Ore, where the focus is on the extraction and supply of iron ore to the global market. Given the longevity of BHP’s assets, they must think and plan in decades.
BHP is a global natural resources company set up in 2001 by the coalition of two companies BHP Ltd. and Billiton PLC, one of the world’s largest mining companies today. With the headquarters in Australia and Melbourne, the group’s interests are transportation, engineering, silver, iron, copper, steel, and aluminum sectors.
Working under a dual-listed company (‘DLC’) structure, the companies are managed professionally to manage and main the balance such a system demands. They have an extensive range of assets and capabilities to meet the demands of today’s competitive world. Moreover, the company is putting together high-quality assets combined with skilled people to have the flexibility & capacity to pursue international growth opportunities.
Diversified Range of Product & Services
With more than 80,000 contractors and employees, BHP is flourishing as a diversified resources company with successful business operations in petroleum products, metals, minerals, coal, and iron ore.
The company’s main divisions deal in Iron Ore, where the focus is on the extraction and supply of iron ore to the global market. BHP Billiton holds a 50 percent shareholding in Samarco Mineracao S.A., a NOJV iron ore operation in Brazil.
Coal is the priority of another division that produces and sells thermal coal for power generation and industrial applications. This particular sector also markets hard coking coal used for the manufacture of steel. With mine operations in South America and Australia, BHP supplies products from its mines in Queensland and New South Wales. Further, they also sell their products to the global market through mines in Colombia. The company owns 100% of New South Wales Energy Coal, 50% of BHP Billiton Mitsubishi Alliance, and 80% of BHP Billiton Mitsui Coal.
Petroleum and Potash come next in the line. The company extracts petroleum and gas in huge quantities and markets them to many countries around the world. The finest Products from this division are crude oil and condensate, LPG & LNG, and natural gas. Moreover, BHP is also involved in projects in the Gulf of Mexico, Australia, Trinidad, Tobago, and Algeria. Finally, with their holdings in Canada, this company invests in potash pre-development as well.
Another division involves mining & exploring copper, zinc, silver, nickel, lead, molybdenum, gold, & uranium. BHP BILLITON owns the world’s largest uranium deposit in Olympic Dam in South Australia and the Nickel West mine in Western Australia. Plus, BHP also proudly possesses copper assets in the United States, Chile and Peru.
The Management Team of BHP BILLITON
A unified Board and management team operate BHP BILLITON with a corporate management center in London. The Executive Director, Chief Executive Officer, the Chief Development Officer, the Deputy Chief Executive Officer take some of the most challenging business decisions.
While Mr. Mike Henry is the Chief Executive Officer as of 1 January 2020, Mr. David Lamont is the chief financial officer with 30 years’ experience working across various businesses, including mining. Appointed in November 2020, Caroline Cox is the Chief Legal, Governance, and External Affairs Officer. Further, the Board of Directors includes Mr. Ken Mackenzie, Mr. Terry Bowen, Malcolm Broomhead, and many others.
The joint venture of BHP Billiton is bringing together the world’s finest metals and energy assets and mining under the energetic executive team. Additionally, the unified financial strength, improved project skills, & international scope of this combined group are attracting new growth opportunities internationally.
BHP believes that maintaining an ethical relationship with governments is crucial for a company as every business is directly affected by government decision-making. Thus, they bolster a constructive relationship with the government.
Company Culture and Practices
BHP believes in respect, sustainability, performance, integrity, and simplicity when it comes to work ethics and business conduct. The company has robust people policies processes to avoid conflicts and allows employees to raise their concerns through several channels.
Besides, the code of conduct of BHP focuses on being respectful towards others. BHP trains employees to be against bribery, competitive behavior, corruption, and similar practices. Their team culture, recognitions & rewards to the employees, and benefits make it an organization that people love to work with.
Social Values and the Road Ahead
BHP’s purpose statement states they aim to bring people and resources together to build a better world.
Towards fulfillment of this purpose, they have taken steps to integrate social values into their decision-making and actions. They believe in making a positive contribution to the environment and society.
Recently BHP partnered with UN Women supports Sisterworks, a not-for-profit social enterprise in Melbourne to help women reinvent their future.
Given the longevity of BHP’s assets, they must think and plan in decades. They become an intrinsic part of the local community for the long term, and adopting the social value-driven decision-making is vital to the group’s future global plans.
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