Australia News
BHP is closely watching for any hit to global growth from US tariffs but says it is does not expect to face significant direct impacts as just 3% of its revenue is generated in the United States. Chief Executive, Mike Henry, spoke to ABC’s The Business as he unveiled BHP’s HY25 results. They revealed a 23% drop in net profit after tax because of weaker commodity prices, including iron ore and slowing Chinese demand. Mr Henry says while China is showing signs of economic recovery, BHP is currently assessing whether to boost iron ore production from Western Australia. He says a key factor in that decision will be whether Australia’s policy settings will allow BHP to remain competitive. He’s calling for Australian governments to have the right policy settings to encourage miners looking for growth in opportunities including copper.Credit ABC News (Australia)