https://www.miningweekly.com

BHP speeds up global small business payments

9th June 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Diversified miner BHP on Wednesday announced that from July 1, the company would implement seven-day payment terms for all small, local and indigenous businesses across its global operations.

The change is expected to benefit approximately 4 000 supply partners across 31 countries, including the key operating regions of Australia, Chile, the US, Canada, Mexico, and Trinidad and Tobago.

BHP last year implemented an accelerated payment plan to its small, local and Indigenous business providers in Australia, as part of its efforts to support Australian businesses during the Covid-19 pandemic, by reducing payment terms from 30 days to seven days.

The miner said that the move to implement this payment schedule globally, followed on from positive feedback on the quicker payment terms implemented in Australia last year.

Each year, BHP spends approximately $2.5-billion with small, local and Indigenous businesses, which provide a diverse range of goods and services to BHP’s global operations.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION