For critical minerals supply we need investment standards, BHP boss warns

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Mike Henry said urbanisation, industrialisation and population growth were driving demand for the key minerals. They are also at the heart of US-China competition.

BHP boss Mike Henry says governments must provide stability to significantly scale up the supply of critical minerals as the energy transition gains pace.

“This means stable fiscal settings, streamlined planning and permitting processes and harmonised standards. Too often we see short-termism in government policy, or policies which seek to meet near term political objectives, but which show limited understanding of what drives investment.” Miners, Henry added, should be granted access to resources based on the value they create, including for host communities and First Nations peoples.“Opening a mine, done well, creates sustainable wealth and jobs...But of course this must be done with least possible impact to the environment,” he said.

 

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