The miner has said it will decide whether to shutter its nickel business by August. The Resources Minister says there has been a decade of underinvestment.
Already a subscriber?Resources Minister Madeleine King says thousands of workers could pay the price for BHP’s underinvestment in ageing infrastructure, with the mining giant flagging it may close its nickel operations in Western Australia.
BHP faces a $1 billion bill to upgrade its nickel smelter in Kalgoorlie if it decides to continue with the mines. But Mr Cook said his government was doing everything it could to prevent the closures. WA Premier Roger Cook at the Summit. He is pushing BHP not to close its nickel business in the state.The price, which remains volatile, plunged as low as $US15,000 a tonne. Analysts had estimated that up to 50 per cent of global producers were losing money when the London Metals Exchange price hit that level.
“IR reform is usually why Labor governments do get elected. And none of this should come as a surprise to Mike, so I’ll leave it at that.”
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