Anna Mulholland's questions to BHP Group (BHP) leadership • H1 2017
Question
Anna Mulholland asked for an update on the negotiation process with unions at the Escondida mine and questioned the status of the potential sale of the company's gas acreage.
Answer
CEO Andrew Mackenzie confirmed that negotiations with the Escondida unions had resumed, with the goal of reaching an agreement that supports productivity and returns. On gas assets, both CEO Mackenzie and CFO Peter Beaven explained that selling long-dated acreage is a core part of their shale strategy to recycle capital into more attractive, near-term development opportunities.