rss

Press Releases

Resources Industry Network

RIN welcomes BHP announcement on reduced payment terms for small business

Resource Industry Network has welcomed the announcement that BHP will continue its reduced its payment terms for small, local and indigenous businesses as part of a program to support its communities and regional economies during the Covid-19 pandemic.

RIN general manager Dean Kirkwood says that since implementing the reduced payment terms at the start of the pandemic, BHP has recognised how this has positively impacted small business in the regions.

"The decision to reduce payment terms for these businesses means they can operate with more confidence and support our critical resources sector, as a valued member of the mining supply chain.

"Anything that supports small businesses in our sector to thrive and potentially grow, is always welcomed and we applaud BHP on this announcement, which will benefit many businesses in our region," he said.

Resource Industry Network led the way on the impacts of extended payment terms discussion back in 2018 after commissioning a report and campaign that led to a parliamentary senate inquiry around the issue. The campaign resulted in positive outcomes for our SME members and businesses across the region, who now operate under a fair 30-day payment terms schedule.

Read more about the announcement here:

BHP increases support for local business and contract labour hire during Covid-19 pandemic | BHP

Showing 0 Comment



Comments are closed.
 

Newsletter

Keep up with the latest news and events from Resource Industry Network. Click below to subscribe to our newsletter.

About Our Company

Resource Industry Network is the only not-for-profit member group representing the resource sector and allied industries within the Mackay region.

Get in touch

  •  Address: Resources Centre of Excellence (RCOE) building, 65 Crichtons Road, Paget, Mackay, QLD, 4740
  •  Office Phone: (07) 4952 4184
  • MSIC Phone: 0408 638 968
  •  Email: admin@rin.org.au