BHP Shareholders Withdraw Resolution Calling for Protection of Cultural-Heritage Sites
By Joe Hoppe
BHP Group PLC said Tuesday that shareholders have withdrawn a
proposed resolution calling for the company to take steps to
protect cultural-heritage sites in Australia.
The world's largest listed mining company said the same
shareholders who requested the resolution, known as Item 24, have
withdrawn it, and it won't be voted upon at BHP's annual general
meeting. The shareholders involved represented 0.01% of the issued
share capital in BHP Group Ltd., according to the company.
The proposed resolution called for a moratorium on undertaking
activities that would disturb, destroy or desecrate
cultural-heritage sites in Australia, among other measures.
In the original notice for the AGM issued Sept. 14, BHP had said
that the resolution wasn't in the best interest of shareholders,
and recommended that they vote against it.
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(END) Dow Jones Newswires
October 13, 2020 02:54 ET (06:54 GMT)
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