MAC: Mines and Communities

As BHPBilliton gets the UK Busines in the Community's gong as"Company of the Year" for its

Published by MAC on 2005-07-11

As BHPBilliton gets the UK Busines in the Community's gong as"Company of the Year" for its "environmental and social performance" Henderson Global Investors releases its report on the contribution to carbon emissions by the UK's top FTSE-250 companies.

BHPBilliton is revealed as contributing to four fifths of such emissions among London's top four mining companies (BHPB, Rio Tinto, Anglo American and Xstrata), and 4% of the FTSE-250's total carbon output.

Corus, the UK-Netherlands steel (and now alumininum) maker chalks up 6%, while Shell and BP are held responsbile for a whopping 40% of the total .

However the company may not get everything its own way in Indonesia...

BHPB may be gagged

Monday, July 11, 2005

BHP Billiton may reportedly be forced to shelve its massive Gag Island nickel laterite project in the Indonesia following a court ruling last week regarding the development of new open pit mines in protected forests.

According to a report in The Australian, BHPB's estimated $1 billion mine is likely to be affected by the ruling effectively prohibiting open pit mining in protected forests except for the seven companies that have already started exploration.

However a BHPB spokeswoman said the ruling would not affect its Gag Island mine.

"At this stage BHP Billiton does not have any firm development plans for Gag Island. We are evaluating a range of potential options and will continue to consult with the local community and relevant stakeholders," the spokeswoman said.

BHPB chief executive Chip Goodyear has previously confirmed the company's commitment to not operate in areas of environmental significance, while not ruling out development of Gag Island.

The company was recently awarded the Company of the Year award by London group, Business in Community, for its efforts in improving its environmental and social performance, particularly in Africa.

Shares in BHPB were up 25c in morning trade to $18.63.

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