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Home Commodities Iron ore

BHP’s local investment

by Rebecca Todesco
November 6, 2024
in Commodities, Company news, Investment, Iron ore, News, Projects
Reading Time: 2 mins read
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Image: Paul Farey/shutterstock.com

The Pilbara region of WA. Image: Paul Farey/shutterstock.com

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Throughout the last financial year, BHP’s community development expenditure in Western Australia is a record-breaking $894 million. 

BHP said it is committed to making a difference in the communities it operates in across Western Australia and generating social value through projects and initiatives that directly support its people, partners, communities, local economies and the environment. 

The 2024 Community Development Report showcases some of these initiatives as examples of positive change in action. 

BHP said it is proud of the many enduring, collaborative and mutually beneficial partnerships that make a real difference to many people’s lives every day. 

In recent years, the company has focused on creating new opportunities for its supply chain – including Traditional Owner and Indigenous businesses – to work with it on initiatives, both big and small. 

The company’s Western Australian Iron Ore asset spent nearly $465 million with 113 Indigenous vendors in FY24 – surpassing its WAIO Indigenous and Traditional Owner direct spend target. $237 million was spent directly with 68 Traditional Owner vendors. 

BHP said it spent $590 million with 330 local suppliers, of which $57 million came from its Local Buying Program.  

In FY24, $47.5 million was invested in initiatives in Western Australia, focusing on the Pilbara, Goldfields and Kwinana. 

BHP also provided over 50 community grants across Newman, Port Hedland, Kalgoorlie, Kambalda, Leinster, Coolgardie and Kwinana, with grants of up to $20,000 to invest in grassroots initiatives. 

BHP said it looks forward to an exciting year ahead, partnering with communities, local businesses and government stakeholders to make a difference. 

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