Hyperdrive
The Top Miner’s Vision of The Future Looks A Lot Like The Past
- BHP CEO sees base metals, oil as still key in a greener world
- Producer wants more copper and nickel, remains wary of big M&A
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BHP Group’s new top executive has a plan to prosper in a world that’s accelerating efforts to cut greenhouse gas emissions -- double down on the raw materials that’ve been key through its near 170-year history.
The world’s top miner, with roots in a 19th Century tin discovery, plans to add more copper and nickel to meet rising demand from renewable energy and electric vehicles, and sees a continuing role for key coal mines and oil wells, according to Chief Executive Officer Mike Henry, who signaled his tenure won’t begin with any radical overhaul.