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    BHP   AU000000BHP4

BHP GROUP LIMITED

(BHP)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-06 am EST
46.56 AUD   -0.53%
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Factbox-Australia to raise protection for Aboriginal heritage after Juukan

11/24/2022 | 03:00am EST
Aboriginal groups march against planned changes in heritage protection laws, in Perth

MELBOURNE (Reuters) - Australia will strengthen laws to better protect Aboriginal cultural heritage following an enquiry into Rio Tinto's destruction of historically and culturally significant rock shelters at Juukan Gorge.

Environment Minister Tanya Plibersek published a government response to the 16-month enquiry on Thursday.

* Australia is developing a new legal framework in partnership with Aboriginal group the First Nations Heritage Protection Alliance that will include the right of Indigenous people to be top decision makers on developments that could impact their heritage.

* The new laws will set out minimum standards for state and territory heritage protections consistent with the relevant international law, such as the United Nations Declaration on the Rights of Indigenous People.

* The response promises to make financing available for Aboriginal groups to negotiate agreements with developers and miners on their lands. It will consider how miners and developers can provide contributions to these groups.

* The Australian government will review the Native Title Act as part of the reforms.

* The federal government will retain the power to override decisions made under inadequate state or territory protections that would harm sites contrary to Aboriginal and Torres Strait Islander peoples' consent.

* It also vows greater protection for intangible cultural heritage such as stories and songs.

* The government did not provide a time frame for when it expects the legal reform to be completed.

(Reporting by Melanie Burton; Editing by Tom Hogue)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED -0.53% 46.56 Delayed Quote.42.65%
FORTESCUE METALS GROUP LIMITED -1.57% 20.7 Delayed Quote.9.47%
RIO TINTO GROUP -0.06% 116.06 Delayed Quote.16.00%
RIO TINTO PLC 1.56% 5671 Delayed Quote.15.92%
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Financials (USD)
Sales 2023 53 260 M - -
Net income 2023 14 762 M - -
Net Debt 2023 3 175 M - -
P/E ratio 2023 10,5x
Yield 2023 6,56%
Capitalization 160 B 160 B -
EV / Sales 2023 3,06x
EV / Sales 2024 3,17x
Nbr of Employees 45 295
Free-Float 96,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 31,51 $
Average target price 28,41 $
Spread / Average Target -9,83%
EPS Revisions
Managers and Directors
Mike Henry CEO & Non-Independent Executive Director
David Mark Lamont Chief Financial Officer
John Kenneth Norman MacKenzie Chairman
Laura Tyler Chief Technical Officer
Edgar Basto Chief Operating Officer
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