BHP CEO discusses where best to invest for the company

BHP Chief Executive Mike Henry discusses where “best to invest” for the mining company amid Australia’s new industrial relations proposal. BHP has taken issue the new industrial relations proposed by the Labor government, which could result in a $1.3 billion jump in its wage payments. “BHP has been very clear that we support rising wages to the extent that there’s a link between productivity improvements,” Mr Henry told Sky News Business Editor Ross Greenwood. “Exactly how it plays out in terms of our investment decision making really depends on a whole range of other factors. “It will depend on how we see commodity prices, the resource quality, the cost of capital and so on. “We’ll be guided by the capital allocation framework on determining where best to invest.”