Overview of BHP Billiton
BHP Billiton (BHP) is a combined group consisting of BHP Billiton Limited and BHP Billiton Plc with Global Headquarters and BHP Billiton Limited company located in Melbourne, and BHP Billiton Plc located in London. The company operates as one entity with a unified management team and the same board of directors. BHP operates in the diversified resources industry with mines extracting copper, iron ore, coal, nickel, zinc, and petroleum amongst others across the globe with a focus in Australia and the Americas. (http://www.bhpbilliton.com/our-businesses)
BHP has a “Charter” driving the company’s purpose, mission, vision, and values. The purpose as stated on the company website is to “create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources”. (http://www.bhpbilliton.com/our-approach/our-company/our-charter) BHP therefore has a shareholder driven focus with the intention of growing wealth in the long term through their …show more content…
Policies ranging from taxation, import/export restrictions, to regulation on greenhouse gas emissions could have a negative, or positive impact on the-operations of the company. Taxes such as the “Minerals Resources Rent Tax” was an initiative implemented by the Gillard Labor Government in 2012 imposing a 22.5% levy on iron ore and coal generated income. Although soon repealed in 2013, large government taxes on resource profits pose a considerable threat to the growth and development of BHP. Outside of tax levies, issues of the political stability of Australia and the concerns of environmental activists making political drives are further sources for uncertainty. Political activists that openly make the public aware of serious environmental concerns could place pressure on politicians to introduce policies which may hinder the operation of the company in favour of environmental
BHP Billiton (BHP) is a combined group consisting of BHP Billiton Limited and BHP Billiton Plc with Global Headquarters and BHP Billiton Limited company located in Melbourne, and BHP Billiton Plc located in London. The company operates as one entity with a unified management team and the same board of directors. BHP operates in the diversified resources industry with mines extracting copper, iron ore, coal, nickel, zinc, and petroleum amongst others across the globe with a focus in Australia and the Americas. (http://www.bhpbilliton.com/our-businesses)
BHP has a “Charter” driving the company’s purpose, mission, vision, and values. The purpose as stated on the company website is to “create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources”. (http://www.bhpbilliton.com/our-approach/our-company/our-charter) BHP therefore has a shareholder driven focus with the intention of growing wealth in the long term through their …show more content…
Policies ranging from taxation, import/export restrictions, to regulation on greenhouse gas emissions could have a negative, or positive impact on the-operations of the company. Taxes such as the “Minerals Resources Rent Tax” was an initiative implemented by the Gillard Labor Government in 2012 imposing a 22.5% levy on iron ore and coal generated income. Although soon repealed in 2013, large government taxes on resource profits pose a considerable threat to the growth and development of BHP. Outside of tax levies, issues of the political stability of Australia and the concerns of environmental activists making political drives are further sources for uncertainty. Political activists that openly make the public aware of serious environmental concerns could place pressure on politicians to introduce policies which may hinder the operation of the company in favour of environmental