The mining company’s plan to unify its corporate structure was on track to win approval after the majority of Australian proxies were cast in favour on Thursday evening.
Higher absentee rates have hit BHP’s Queensland mines since the border was relaxed and it says the same could happen in its WA iron ore division next month.
Unification of BHP will create “material” turbulence on Australia’s flagship market indices later this month, as Ausbil joined the revolt against the plan.