Economic development

Building vibrant economies as foundations for the future

Our approach to economic development

We recognise the importance of creating lasting economic benefit for our communities. A focus on sustainability underpins all of our investments in economic development.

Training and local employment is a central part of this long-term approach. Programs include strengthening local businesses – helping them to diversify their services and products and tap into new markets. Other programs help communities identify their natural advantages (such as tourism prospects and cultural goods) or offer training to develop management and business skills.

Through technical training and skills development, communities can benefit from our presence and develop viable businesses that will continue into the future.

Supporting economic development

Boosing business locally, BMA local buying program, Australia. US$1.2 million invested since 2012. Boosting business locally, BMA Local Buying Program: Australia

The BHP Billiton Mitsubishi Alliance (BMA) Local Buying Program aims to spread the economic opportunities from our operations to benefit local businesses.

Under the program, local vendors near to our Bowen Basin coal operations can register their goods and services on a specially designed website. The website forms a database of local businesses that operators can consider when planning its purchasing.

Local businesses also benefit from the program’s investments in business development, which helps them to be more competitive in the market and ultimately, builds a stronger regional economy.

Learn more about the BMA Local Buying Program (PDF 3.6 MB)

Nurturing innovation, World-Class Supplier Program, Chile. US$50 million invested since 2009. Nurturing innovation, World-Class Supplier Program: Chile

The World Class Supplier Program was designed to develop new solutions to operational and environmental challenges faced by BHP Billiton´s Chilean businesses, while at the same time building the capacity of the company´s suppliers to be able to compete on an international or 'world-class' basis.

As of December 2012, the program was working with 36 suppliers that employed more than 5,000 people on a total of 43 projects with combined sales of US$400 million.

Learn more about the World-Class Supplier Program in Chile.