BHP Group

Australian women sue for sexual harassment against Rio Tinto $RIO (+1,63%) and BHP $ABHPG

A group of Australian women have filed a lawsuit against Rio Tinto PLC and BHP Group Ltd. alleging that they were frequently discriminated against and sexually harassed while working for the mining companies.

Two separate lawsuits were filed in an Australian court on Wednesday afternoon. They represent women who have worked for the miners for the past 20 years.

"These class actions will give a voice to these women, many of whom have been afraid to speak out for fear of losing their jobs or facing reprisals in the workplace," said lawyer Joshua Aylward.

We have heard reports of everything from unwanted touching and sexual harassment to rape, violence and physical threats, as well as gender discrimination and pregnancy discrimination".

Neither BHP nor Rio Tinto commented specifically on the content of the complaints.

The main plaintiff in the case against the Anglo-Australian company Rio Tinto alleges that she was sent "unsolicited sexually explicit messages, videos and images" while working as a security guard.

She asked to remain anonymous for fear of reprisals and said she was "passed over for training opportunities" following her complaint.

Standing up and speaking out comes at a huge professional and personal cost, but until women in the mining industry come together and say, 'Enough is enough,' the big companies will continue to cover this up," she said in a statement provided by her lawyer.

The lead plaintiff in the case against Australian mining company BHP, who also requested anonymity, claimed she was subjected to a constant barrage of sexual and derogatory comments.

When she rejected a colleague's advances, he allegedly "walked up behind her in a parking lot and urinated on her," according to a statement from her lawyer.

She filed a complaint but was never contacted, and her contract was terminated while her colleagues were kept on.

More than 45,000 women worked in the Australian mining industry in 2022, an increase from 8,700 in 2002, according to the latest government data.

A BHP spokesman said there was "no place" for sexual harassment.

"We are committed to creating a safe and respectful workplace for all," it told AFP on Thursday.

"We deeply regret and apologize unreservedly to anyone who has ever experienced any form of harassment at BHP," the spokesman said, adding that the mining company would take all reports seriously and take strict disciplinary action.

Rio Tino told national television station ABC that it treats allegations of sexual harassment with "the utmost seriousness".

We do not tolerate any form of sexual harassment or harassment based on gender.

⛏️ Titans of the deep: Rio, Glencore, BHP, Vale - who will dig up the biggest profits? 💎

Company presentation

Rio Tinto, BHP and Vale are among the three largest iron ore producers in the world, while Glencore plays a key role in global commodity trading as a leading commodity trader and producer.

- Rio Tinto: An Anglo-Australian mining group with dual headquarters in London and Melbourne.

- BHP: Australia's largest industrial group, headquartered in Melbourne.

- Glencore: A Swiss commodities trading and mining company headquartered in Baar.

- Vale: A Brazilian mining group specializing in iron ore.

Historical development

Rio Tinto was founded in 1873 and developed into a global mining giant through the development of deposits in Africa, Australia and Canada. The current structure as a dual company was created in 1995.

BHP goes back to Charles Rasp's silver discovery in Broken Hill in 1883. With the diversification into iron ore, coal and oil and the merger with Billiton in 2001, BHP created one of the world's largest commodity groups.

Glencore, founded in 1974 as Marc Rich + Co AG, grew to become one of the most important commodity traders in the world and went public in 2011.

Vale was founded in 1942 as a state-owned company and privatized in 1997. The company's focus has always been on iron ore production in Brazil.

Business model and core competencies

Rio Tinto focuses on the extraction of iron ore, copper, aluminum and other metals. Efficient production and the operation of large-scale mines are among the company's core competencies.

BHP is active in the iron ore, copper, coal and oil sectors and has a diversified product range and an extensive global presence.

Glencore combines commodity production and trading and controls the entire value chain, from extraction to distribution. This vertical integration is one of the company's greatest strengths.

Vale specializes in iron ore exports, complemented by activities in nickel and copper.

Future prospects and strategic initiatives

- Rio Tinto is increasingly investing in copper, lithium and aluminum, which play a key role in electromobility and renewable energies.

- BHP is focusing on "future-proof" raw materials such as copper and nickel, which are needed for batteries and green technologies.

- Glencore is positioning itself as an important supplier to the battery industry and is investing in cobalt and nickel.

- Vale is increasing its involvement in the nickel business in order to benefit from the growing demand in the electric automotive sector.

Market position and competition

- Rio Tinto, BHP and Vale together control around 70% of the world's seaborne iron ore trade.

- Glencore is a leader in global commodity trading and is one of the largest producers of copper and cobalt.

Competition in this industry is focused on cost efficiency, the development of new resources and positioning in the growing market for metals that are essential for the energy transition.

Total Addressable Market (TAM)

The total addressable market (TAM) of the global mining industry is estimated at over USD 1.5 trillion. This figure is expected to rise further in the coming years, particularly due to the increasing demand for critical raw materials such as battery metals, which are essential for the expansion of green technologies.

Share performance

Mining company share prices are strongly linked to commodity prices, leading to high volatility. Glencore's TR over 5 years is 120%, Rio Tinto's TR is 92%, BHP's TR is 101% and Vale's TR is 116%.

For the development (company figures), a better view and more, check out the free blog: https://topicswithhead.beehiiv.com/p/titanen-der-tiefe-rio-glencore-bhp-vale-wer-gr-bt-den-gr-ten-gewinn-aus

Conclusion

Vale, BHP and Rio Tinto are not significantly different. Although BHP has clearly outperformed in some cycles, it has always subsequently adjusted to the average. Vale could be unfavorable from a regulatory perspective, but the industry is facing challenges anyway, and it's not as if the others are any better, as the mines are not exactly in the cleanest regions.

Looking at the individual stock data, BHP does seem like the best candidate, but I would never bet on just one when it comes to mining companies. Therefore, I would consider a combination of BHP and Rio Tinto, and if you want, you can also include Vale.

Glencore is large and well positioned, but the figures are not really convincing. Even after countless announcements about certain strategies, I don't like the results. The growth is impressive, but when the results deteriorate like this - especially in terms of sales - it doesn't help much. For me, Glencore is more of a trading candidate, as every year you experience a brief decline, then recover and then fall again.

So if you want to position yourself in mining and thus include the anti-cyclicals in your portfolio, it is best to look at BHP and Rio Tinto. In view of China's most important customer, however, you should also be aware that 50% of sales here also come from one country, which no longer seems so abnormal these days.

For myself, I am going with Vale, Rio Tinto and a possible entry into BHP as far as the situation allows. Entry prices for me are 24 euros for BHP, 10 euros for Vale and 60 euros for Rio Tinto and then down in 10-15% jumps.

$RIO (+1,63%)
$ABHPG
$BHP (+0,39%)
$VALE3 (-1,12%)
$GLEN (+0,44%)

An initial position established. It is predicted that demand for copper will exceed supply as a result of the energy transition.

Is anyone else here invested in mining companies - who have you chosen?

$BHP (+0,39%)
$ABHPG
$RIO (+1,63%)
$GLEN (+0,44%)
$FCX (+3,66%)
$AAUKF

No news about $GLEN (+0,44%)

While it is exciting at $ABHPG and $AAL (+2,54%) who is taking over what here now.

So I'm quietly on my way to filling my position.

What do you think of $WMIN ? I would like to have an etf in my savings plan and don't want to go into the msci world as standard $ABHPG
$RIO (+1,63%)

Hello I have times my depot something more closely analyzed and some comments on the market done ... I have added the following shares to my depot :

$ABHPG

$WPL

$CWEN (+0,12%)

$VZ (+0,93%)

https://youtu.be/aiygA3FnB48?si=PwoI_ouhXuoqIsXm

SIPP

Iron, copper, gold, silver, palladium, oil, wheat, coffee, cotton, ... ⚒️⚱️🪙

These are all raw materials that are needed by millions of people every day 🛍...

Especially when new technologies are developed, many raw materials are needed and currently we are also definitely in a phase where many raw materials are needed (digitalization, e-mobility, ...) ✅

For this reason, I will introduce you to the three largest commodity companies in the world today:

🥇 1st place: BHP Group with market capitalization of €130.5 billion.

- P/E RATIO: 13.23

- Earnings per share: €1.93

- Dividend per share: €2.67

- Dividend yield: 9.97

📈 Performance on 1 year: +28.12%

📈 Performance over 5 years: +112.54%

🥈 2nd place: Rio Tinto Group with market capitalization of €99.33 billion.

- P/E RATIO: 4.78

- Earnings per share: €12.74

- Dividend per share: €9.95

- Dividend yield: 16.33

📈 Performance on 1 year: +14.35%

📈 Performance over 5 years: +126.35%

🥉 3rd place: Vale with market capitalization of €78.66 billion

- P/E RATIO: 3.23

- Earnings per share: €4.72

- Dividend per share: €1.87

- Dividend yield: 12.23

📈 Performance on 1 year: +68.00%

📈 Performance over 5 years: +213.57%

I currently like to focus on large commodity companies as they have a very low P/E ratio, a high dividend yield and also a solid performance with a basic business model 😍✅

Do you have commodity stocks or ETFs in your portfolio and what is your forecast for the next 10 years ? 🤷🏽‍♂️📈📉