Top dog: BHP, Rio Tinto and the pursuit of political power

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Top dog: BHP, Rio Tinto and the pursuit of political power
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There’s much at stake if one company can steal a march over the other in winning access to projects, taxpayer funded grants or shaping policy to their whim.

that it owed employees almost $430 million because of wrongly deducted annual leave, when Burke seized upon the opportunity to denigrate the reputation of the nation’s biggest company.

In that first year of the pandemic, Henry was such a key member of then prime minister Scott Morrison’s “Team Australia” recovery plan that the two menThe closest Rio executives got to power in 2020 was when Liberal senator Dean Smith put them throughOne senior member of the former Morrison government said there was no conscious preference for BHP over Rio during that era, but the reality was that Rio had to “spend some time in the doghouse” after Juukan Gorge.

Rio, on the other hand, recruited many members of John Howard’s prime ministerial office, including former policy advisorIt’s too early to judge whether the contrasting styles will have a meaningful impact on BHP and Rio’s bottom lines. BHP has asked Bowen to use the $1.9 billion Powering the Regions Fund to contribute to the cost of shutting big emitting sites by 2030; a request that is specifically focused on the Mt Arthur mine in NSW.Bowen is yet to publicly clarify whether taxpayers will help BHP shut Mt Arthur early, but the eligibility criteria for the first tranche of PRF funds rules out help for owners of “a new or expanded gas or coal facility”.

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