If you can make it to operation, Australia is among the best, if not the best. Getting to operations is becoming more difficult, taking longer, costing more. Particularly for coal & gas, but if trends are friends, then other metals may follow. That's the unfortunate risk & reality now.
We ignore at our peril.
But back to BHP - their allocation of capital is entirely dependent on risk/returns & they have already suspended further investment decisions in NSW & Qld because of political uncertainty. And it absolutely has the options to decide to expend capital elsewhere.
BHP Price at posting:
$49.55 Sentiment: Hold Disclosure: Held
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