Professional Documents
Culture Documents
BHP002 Glosario de Terminos
BHP002 Glosario de Terminos
A product-based global organisational unit which sets strategy, grows the value of, governs and manages Organisation
Business * businesses the performance of one or more Assets and Operations. Our Businesses are organised on a standardised 03 Jan 2019
Design
basis comprising distinct organisational units. A 3-tier Business applies the Business, Asset and Operation
organisational structures. A 2-tier Business applies the Business and Operation organisational structures.
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Refer to GLD.001.01 BHP Organisation Register for the list and location of Businesses.
Either:
Community
development
projects and
donations
Community
Community development development 03 Jan 2019
project and/or donation projects or
donations Have the primary purpose of benefiting the communities in which BHP operates or has an interest. They
Community must improve quality-of-life indicators and/or align with priority and focus areas in a Community Communications,
development Development Management Plan. They involve cash and/or in-kind contributions and are eligible for BHP’s Community
project or community investment reporting. and
donation Community donations are typically one-off cash and/or in-kind contributions for a single activity (for External
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Community example, disaster relief, scholarships). Engagement
development Community development projects are typically multi-faceted and include the delivery of more than one
projects activity. For example, training, travel, equipment purchase.
community
development
donation
community
development
project
A set of administrative and behavioural safeguards and/or protocols that restrict the collection of, access to,
communication and/or dissemination of competitively sensitive information between competitors. These
competition
arrangements may take the form of organisational separation, IT systems separation, restrictions on the
competition law ringfencing law Business
collection or dissemination of marketing, financial or other information, segregated office layouts and will 30 Mar 2016
protocol ringfencing Conduct
require specialised training for all affected individuals. Such arrangements are most frequently
protocols
implemented in the context of joint ventures (JV) or joint marketing arrangements where the JV or JV
partners are competitors.
compliance- Related to anti-corruption, anti-money laundering, anti-terrorism financing, competition, market Risk
compliance related 06 Mar 2016
related manipulation, price reporting, export controls, sanctions, anti-boycott or state/commercial secrets laws. Management
Contracts identified and developed to the stage where BHP is not committed to proceed but may when
required (for example, upon authorisation into the next phase). Includes current bids which BHP can accept Capital
conditional agreement 03 Jan 2019
or contracts conditional upon internal and other authorisations being obtained or where BHP has the option Projects
to proceed.
See s96B(2) and Schedule 11B of the Financial Services and Markets Act 2000 (UK) for the meaning of
"connected person". In summary:
l family members (spouse or civil partner; a relative who has shared the same household for at least
12 months; and children or step-children under 18 years);
Securities
connected person * l associated bodies corporate; 02 Mar 2018
Dealing
l a trustee of a trust of which the PDMR* is a beneficiary or could benefit from the trust;
l a person acting in their capacity as a partner of a PDMR*;
l a firm in which the PDMR* is a partner.
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An individual, company or other legal entity that carries out work or performs services under a contract for Securities
contractor 03 Aug 2011
service. This includes sub-contractors. Dealing
An activity or group of activities that reduce the likelihood and/or impact of a risk.
controlled Risk
control 06 Mar 2016
controls A preventative control is a control which is used to manage the causes and thereby reduce the likelihood of Management
occurrence of the risk. A mitigating control is a control which will reduce the impacts which flow from a risk.
Documents which require scheduled review and approval to enable authority, accuracy and currency of the Information
content. They are version controlled and published/available for use. These include: Our Requirements Governance
controlled
controlled document (GLDs), Standards, Procedures and Work Instructions (including any forms and templates which must be and 14 Apr 2016
documents
used) and other documents which do not contain mandated requirements but must be controlled (for Controlled
example, system blueprints, engineering blueprints/drawings, training documents, employee handbooks). Documents
Monetary provision in the base cost estimate to provide for projected increase in the cost of project inputs
Capital
cost escalation (for example, engineering labour, equipment, bulk materials, construction labour, sub-contracts) from a set 06 Jan 2014
Projects
point in time (normally estimate base date) up to study or project completion.
Alone or in conjunction with other controls significantly reduces the likelihood and/or impact of material
risks. There may be more than one critical control for a material risk. Elements to be considered in
determining a critical control:
critical l The only barrier/layer of protection available for the occurrence of the event or the impact exposure. Risk
critical control 06 Mar 2016
controls l Used to prevent or mitigate multiple causes/impacts. Management
l Is independent from other controls.
l A single activity, including the dependencies for that activity to effectively work.
l Control is higher on the hierarchy of controls than other controls under consideration.
l Used to detect or prevent escalation of the event.
Includes, in relation to securities, any transaction or change affecting title to or interest in securities,
including:
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performance of a routine government action (actions that are ordinarily and commonly performed).
Examples include payments to expedite the issuing or processing of legitimate visas, the scheduling of
Business
facilitation payment inspections, or the connection of telephones or other utility services. Routine government action does not 18 Sep 2013
Conduct
include discretionary decisions (including to award or continue business with a party) by a Government
Official.
A group of people, processes, and systems providing technical services to the Assets and
Operations to enable safe and efficient production, acting and reporting in a global manner.
Global Currently the Global Functions are Human Resources, Supply, Technology and under the
Functions Organisation
Global Function
Global portfolios of Finance (consisting of Accounting & Reporting, Business Partnership, Investor Design
01 May 2018
Function's Relations, Portfolio Strategy & Development, Tax, Treasury functions) and External Affairs
(consisting of Corporate Affairs, Ethics & Compliance, Group Governance, Group
HS&E, Internal Audit and Advisory, Legal, Risk Management functions).
Includes the following:
Health,
Safety,
Environment
hazard An object or situation in the workplace that has the potential to cause harm (e.g. slippery set of stairs) and 23 Feb 2018
Community
Event
and
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Investigation
Management
Environment
Areas recognised for important biodiversity features as determined by baseline assessment or by and
high conservation value 21 Mar 2014
government or non-government organisations. Climate
Change
Communications,
Persons or groups of people living and/or working in any areas that are economically, socially or Community
host
host community environmentally impacted (positively or negatively) by our operations and/or projects. It can range from and 20 Mar 2014
communities
people living adjacent to or at a distance from our operations and/or projects that may be impacted. External
Engagement
Communications,
An assessment that assists BHP to identify, understand and manage potential impacts of its direct and
human rights Community
human rights impact indirect activities on the human rights of its stakeholders. It must use BHP’s human rights commitments
impact and 03 Jan 2019
assessment (documented in the Code of Business Conduct) and host country legislation as reference points. The scale
assessments External
of HRIA will depend on the impact of the Operation or Asset and national and local context.
Engagement
Independent Joint Venture A producing entity that is non-controlled and BHP's ownership interest is valued above US$250 million. Organisation
03 Jan 2019
* BHP has influence via management appointment processes, and can implement selected BHP standards. Design
Global
An investment with a business case that is economic on a standalone basis (i.e. is value accretive if
Individual investment Investment 07 Jun 2018
executed on its own).
Process
Global
Processes,
Information Hardware, software and communications technologies utilised for information processing and related
Information Technology Technology 30 Mar 2016
Technologies services.
and
Cybersecurity
Information which:
program of
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investments
A set of investments which, in aggregate, has a value accretive business case. A program may comprise
programs of Global
of individual investments (i.e. with business case and standalone economics) and other dependent
Investment program investment Investment 07 Jun 2018
investments which may not have economic business cases on a standalone basis but are necessary in
program of Process
delivering value to the broader program.
investment
Organisation
Joint Interest Unit An entity comprising one or more Producing Fields either jointly operated or not operated by BHP. 03 Jan 2019
Design
Variables that significantly affect the performance of the business. They may either sustain the business or
key value lead to business improvement. Value drivers may be controllable (for example, throughput, GHG Value
key value driver 07 Mar 2016
drivers emissions, safety) or uncontrollable (for example, price) and may be identified using driver trees or Management
constraints analysis.
Capital
Large Capital Project Capital Project where the investment size is ≥US$250 million BHP share. 01 May 2019
Projects
A plan to enhance the opportunity for economic participation of locally based small-to-medium enterprises
(SMEs) in our businesses by bridging the gap between their capacity and Group Supply requirements.
local
These plans should include support for the development of Indigenous-owned enterprises or Black
local procurement plan procurement Supply 03 Jan 2019
Economic Empowerment programs. In this instance, the term local refers to communities which are
plans
adjacent to, or impacted by, BHP Assets. The area is generally narrower than the State or Territory in
which the project is located, although it can cover multiple local government areas.
Productivity metrics that measure productivity across the five productivity categories (equipment, people,
Operations
supply, capital and marketing) and can be applied across the full length of the value chain of each Asset.
and
M1 metrics are intended to provide a rapid health check of the Group productivity trend in realisation of the
M1 Supply 30 Mar 2016
consolidated Group-wide productivity benefit. This is achieved indirectly by tracking the actual values of
Chain
the M1 metrics against the Asset forecasts for the metrics (submitted as part of the Five Year Plan and
Management
Two Year Budget), that are an outcome of their programs to achieve the productivity benefit.
Operations
Productivity key driver metrics that are unique to a business (M2) or common across several businesses
and
M2 (M3) and through applying effort to improve performance will increase the productivity benefit of the Asset
M2 and M3 Supply 30 Mar 2016
M3 and Business. These metrics will apply to individual processes and may not be applicable to the full value
Chain
chain of an Asset.
Management
A Business-level organisational entity for the study and execution of major capital projects. Major Capital
Program entities utilise a programmatic approach and functional structure to create and maximise business
Major Capital Organisation
Major Capital Program * value beyond what would ordinarily be achievable through the execution of the scope of individual projects. 09 May 2017
Programs Design
They enable the consistent application and continuous improvement of project practices, processes and
capability.
Those capital investments (including closure projects) where any of the investment complexity elements
Global
apply, or where the total investment size exceeds US$250 million in 100% terms (or for non-operated
major capital project * Investment 03 Jan 2019
jointly controlled entities exceeds US$250 million (BHP share)). Refer to Our Requirements for Investment
Process
Process.
A product for which Marketing has a pre-existing sales book, or the following definition is met:
• product is traded and moved internationally (including by sea); Operations
• product is commodity like in nature and is consumed in the production process; and
major raw material • three or more Businesses purchase it; Supply 03 Nov 2014
• total aggregate Group-wide purchases are or can be expected to be >US$100m; and Chain
• the Asset in question purchases or can be expected to purchase >US$20m per annum; excludes power Management
and explosives purchases.
Those acquisitions, divestments, mergers and de-mergers where any of the investment complexity Global
major transaction * elements apply, or where the total investment size exceeds US$250 million (BHP share). Refer to Our Investment 03 Jan 2019
Requirements for Investment Process. Process
Legal
marketing contract Services, 27 Jun 2017
marketing A contract that is managed by Marketing for the purchase or sale of a traded commodity or for supply chain Contracts
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contracts activities for traded commodities, or for commodity derivative transactions. and
Disputes
A global centre comprising commodity-specific trading and marketing units for managing the sale of the Organisation
Marketing Hub 29 Jul 2014
Group’s products and purchasing major raw material inputs. Design
Global
Information that is key to the operation of business, often used by several functional groups. This key
Processes,
business information may include data about customers, products, employees, materials, suppliers which
master data Technology 20 Aug 2013
often turns out to be non-transactional in nature. Master data can support transactional processes and
and
operations, but its use is certainly not limited to such.
Cybersecurity
An event that describes the potential occurrence of a particular set of circumstances and is material if the
maximum foreseeable loss (MFL) is ≥ Level 5 on the severity table, or residual risk rating (RRR) ≥ 90. Risk
material risk material risks 06 Mar 2016
Management
The event should be described so that it is always differentiated from associated impacts and causes.
The impact sustained by BHP in the plausible worst case scenario for that risk. In a plausible worst case
Risk
maximum foreseeable loss MFL scenario all risk controls ‘including insurance and hedging contracts’ are assumed to be ineffective. All 03 Jan 2019
Management
impact types must be assessed for material risks.
Capital
Medium Capital Project Capital Project where the investment size is ≥US$20 million <US$250 million BHP share. 01 May 2019
Projects
The management of an area or volume defined by specific coordinates (within an accepted coordinate
Minerals and Tenement
system) held under contractual, legislative or freehold agreement with an intention to carry out defined
Land Management
Minerals land or tenement exploration or extraction of specified natural resources, or to maintain infrastructure to carry out exploration
Management and 14 Oct 2013
management or extraction of natural resources for a specified period of time. Minerals and Land Management is
Tenement Minerals
recognised terminology for the oil and gas industry and Tenement Management is commonly applied
Management Reporting
terminology in the Australian minerals industry.
Tenement
Management
minimum resource The minimum resource size, quality and development criteria required to underpin a greenfield operation
and 03 Jan 2019
threshold with sufficient scale, longevity, optionality, margin and return to be material to BHP.
Minerals
Reporting
Includes, but is not limited to, self-propelled surface and underground tracked and rubber tyred equipment
such as trucks, graders, tractors, excavators, drills, draglines and similar plant. It excludes vehicles
mobile equipment Safety 24 Jul 2011
registered and normally used on public roads, rail equipment, mobile elevating work platforms, and
relocatable plant such as crushers and stacking conveyors.
Security,
Crisis
and
In emergency services, mutual aid is an agreement among emergency responders to lend assistance
Emergency
across jurisdictional boundaries. This may occur due to an emergency response that exceeds local
Mutual aid Mutual-aid Management 15 Mar 2019
resources, such as a disaster or a multiple-alarm fire. BHP may have mutual aid agreements with local
and
ambulance services or fire brigades to provide or receive assistance.
Business
Continuity
Plans
Health,
Safety,
Environment
and
An occurrence (event) that could have resulted in injury or illness (e.g. someone slips on the stairs but is
near Miss Community 23 Feb 2018
not injured)
Event
and
Investigation
Management
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Corporate
Any activity not currently carried out by BHP in a particular high risk country, where the activity could,
New activity New activities Alignment 14 Feb 2018
based on the relevant risk assessment, materially change our risk profile in relation to that country
Planning
non-order
invoices
non order
non-order invoice Process for initiating payment for items not referenced to a purchase order. Supply 30 Mar 2016
invoices
non order
invoice
A vendor from whom BHP purchases Non-Traded goods or services for which BHP is the end-user. Any
vendor who is required to meet source to contract or plan to pay requirements. Non-Traded goods and
services are all goods and services that are not part of BHP’s finished product portfolio such as raw
Business
Non-trade vendor materials and associated supporting services such as export shipment. Some examples of Non-Traded 19 Oct 2018
Conduct
contracts: Consultancy Agreement; EPCM Agreement; Confidentiality Agreement; Leases; Production
Agreements; Mining Rights Agreements; Service Agreements; Intellectual Property Contracts. Refer to DE-
PRO-070 Master Data Design- Vendor.
Ongoing cost of running an operating Asset. Operating expenditure is the counterpart to capital Value
operating expenditure 20 Aug 2013
expenditure. Management
Defines a common set of organisational design principles, common processes and systems, and the
Organisation
Operating Model minimum performance requirements prescribed for the Group in achieving our purpose as set out in Our 03 Jan 2019
Design
BHP Charter (https://www.bhp.com/our-approach/our-company/our-charter).
A substantially distinct entity operated by BHP with defined boundaries and agreed points of handover for
services and/or product. Includes entities such as: a mine; a port; a group of processing or production
facilities; a group of large infrastructure or non-production infrastructure; a production unit. Organisation
Operation The Operation’s organisation design segregates operational and technical duties to enable 03 Jan 2019
Design
single-point accountabilities to be established for safety, volume and cost. Refer to the
Organisation Register for the list of Operations.
Global
Processes,
Operational Hardware and software that monitors or controls physical devices, processes or events within operational
Operational Technology Technology 30 Mar 2016
Technologies environments.
and
Cybersecurity
The blueprint represents the documented as-built state of an Operation’s plant and equipment. It
comprises a group of artefacts including design documentation, models and drawings,
Organisation
Operation's blueprint datasheets, process control information, commissioning records and nameplate capacity. The Design
09 May 2017
blueprint is used to inform how we operate and maintain our equipment to achieve safe
productivity, and it is used as the basis to assess changes to our plant and equipment.
An Opportunity Assessment (OA) is an assessment of an
Capital
Opportunity Assessment Assets’ options to grow the value of the business across a 01 May 2019
Projects
range of scenarios.
A structured approach to divergent thinking required to generate a range of credible value-creating
investment alternatives in the early part of the identification phase. Often includes independently facilitated
workshops to synthesise the knowledge and experience of the group, overcome motivational and cognitive Capital
opportunity framing 01 May 2019
bias and assist with generating a complete range of reasonable alternatives. The use of other supporting Projects
methodologies is recommended. This is similar in approach to problem framing but specific to large and
medium capital project identifcation phase studies.
The process of further refining, de-risking and assessing the preferred investment alternative in order to
Capital
Opportunity realisation validate the technical and commercial viability and to achieve the level of project scope maturity required 06 Jan 2014
Projects
for Class 3 cost and schedule estimates prior to further study and optimisation in the definition phase.
opportunity selection A structured approach to understanding, assessing and comparing the value-creating investment 06 Jan 2014
alternatives to identify the preferred investment alternative in the identification phase. It takes into account Capital
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life cycle costs, net present value, risk, uncertainty and embedded option value. Projects
The component of the full Life of Asset plan through to closure that:
For Minerals, includes projects in execution and sustaining capital projects (which may be required to go Corporate
Optimised Base Plan through Regional or Group Investment Process), excludes unapproved capital projects and options, and Alignment 29 Jun 2017
maximises the value of the Asset. Planning
For Petroleum, includes the Base Approve Program and Sanctioned Projects Petroleum wedges.
organisation Human
organisation level Hierarchical categorisation of roles across BHP. 03 Jan 2019
levels Resources
A person closely associated (PCA) with a person discharging managerial responsibilities (PDMR), being:
l family members (spouse, civil partner, dependent children/stepchildren and relatives who have
Persons shared the same household for at least one year), and
closely l companies, trusts, partnerships or entities: Securities
Person closely associated 02 Mar 2018
associated ¡ which are managed by a PDMR or a family member; Dealing
PCA ¡ which are directly or indirectly controlled by a PDMR or a family member;
¡ which are set up for the benefit of a PDMR or a family member; or
¡ the economic interests of which are substantially equivalent to a PDMR’s or a family
member’s.
person
discharging
managerial These persons include:
responsibility
persons
discharging (i) A Director;
person discharging Securities
managerial 02 Mar 2018
managerial responsibilities Dealing
responsibilities (ii) a key management person named in BHP's remuneration report; or
persons
discharging
managerial (iii) a person determined by the Group Company Secretary.
responsibility
PDMR
Information
Information relating to an identified or identifiable individual (i.e. a natural person). This can include names, Governance
Personal Information user ID, location data, email addresses, photographs, job applications, purchase history, user account and 17 May 2018
information, opinions, and correspondence to and from an individual. Controlled
Documents
Possible mineralisation outcomes, exclusive of Mineral Resources, expressed as a range and based on
Tenement
available exploration results. May be extended to include conceptual mineralisation for the purposes of
Management
resource range analysis. Inventory must have reasonable prospects for eventual economic extraction, via
potential mineralisation and 03 Jan 2019
conversion to a mineral inventory (recoverable and product potential mineralisation).
Minerals
The term is an internal BHP standard, forming the basis in part or in total for the external reporting of
Reporting
Exploration Targets.
Commitments to future expenditure, as part of an investment, made prior to the execution phase, generally
Global
to secure long lead materials and/or equipment, undertake executable field work, procure services or
pre-commitment Investment 23 Sep 2013
studies, or make other commercial commitments that assume the project will be approved to proceed to
Process
the execution phase. Pre-commitments that have been approved are considered to be executing projects.
preferred investment The investment alternative which best meets BHP’s corporate and investment objectives. It is typically Capital
07 Jun 2018
alternative nominated during the Identification phase and approved at the completion of that phase. Projects
The sum of an asset's expected future net cash flows discounted at the discount rate provided by the
Investment Evaluation team (Portfolio Strategy & Development). Present value is the amount of cash an Value
present value 07 Jun 2018
investor should be indifferent to pay today (or receive, as the case may be) in exchange for a stream of Management
cash flows in the future.
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A systematic approach to the identification and analysis of plant and equipment (including interconnecting
systems) containing materials which, if released in an uncontrolled manner, could cause serious harm to
people, the environment or facilities.
process hazard analysis Safety 21 May 2012
Good guidance on methods and considerations can be found in 'A guide to the Control of Major Accident
Hazards Regulations 1999 (as amended)' published by the UK Health & Safety Executive – Schedule 1,
Part 2, Schedule 2 and Schedules 4, 5 and 6.
One or more interconnected oil and/or gas extraction facilities producing a petroleum product that is Organisation
Producing Field 29 Jul 2014
managed via either a Production Unit or Joint Interest Unit. Design
Production Organisation
Production Unit An entity comprising one or more Producing Fields operated by BHP. 03 Jan 2019
Units Design
prohibited period means any:
Securities
prohibited period 03 Jan 2019
l close period; or Dealing
l period when there exists any matter which constitutes inside information in relation to BHP.
The date when the following are achieved:
l project scope of work complete and new or modified assets/equipment in a condition to accept Capital
Project completion 06 Jan 2014
feedstock and produce product to appropriate specification at agreed capacity; and Projects
l operational readiness and handover activities complete, and care and custody of assets formally
handed over to Operations.
Measures of people's overall well-being including material well-being (standard of living) and non-material
Communications,
components such as the quality of the environment, national security, personal safety, and political and
Community
quality of life economic freedoms. Indicators can be measured subjectively through perception surveys or objectively
quality-of-life indicator and 21 May 2012
indicator using quantitative indicators such as life expectancy at birth; malnutrition rates; infectious disease rates;
External
immunisation rates; gross-domestic-product per person; housing affordability; unemployment rate; adult
Engagement
literacy; school retention rates; air and water quality; noise levels.
Process by which uncertainties in a forecast outcome (such as cost or schedule) are explored/ranged. It
normally uses estimates of the uncertainty in components to evaluate the overall uncertainty of the forecast
Capital
range analysis outcome. The output is an agreed range of outcomes with associated probabilities. The process 06 Jan 2014
Projects
includes an independently facilitated workshop(s) to brainstorm and synthesise the participants' knowledge
and experience.
A general term applying to financial figures (for example, prices or exchange rates) which exclude the Value
real 05 Aug 2011
effects of projected inflation. Real figures are quoted relative to a specific real base date. Management
A specification associated with a real currency unit. A real currency unit is numerically equal the equivalent Value
real base date 05 Aug 2011
nominal currency unit at the specified real base date. Management
Information
Information created, received and maintained as evidence and as an asset by an organisation or person, in
Governance
pursuit of legal obligations/considerations or in the transaction of business. Examples of Records can be
record and 21 May 2018
found in the Global Retention and Disposal Framework in Appendix 1 of Our Requirements for Information
Controlled
Governance and Controlled Documents.
Documents
Information which:
l meets any of the thresholds set out in Our Requirements for Market Disclosure; or
l meets any qualitative factors set out in Our Requirements for Market Disclosure; or Market
referral information 02 Mar 2018
l a reasonable person would expect to have a material or significant effect on the price or value of Disclosure
BHP securities; or
l that a reasonable investor is likely to use as part of the basis for making investment decisions; or
l may otherwise require disclosure to the stock exchanges.
referral The indicative threshold for internally reporting information to those responsible for determining whether or Market
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thresholds not a disclosure obligation exists. The referral threshold is authorised by the Disclosure Committee. It is Disclosure
referral threshold 01 Oct 2013
currently US$250 million.
A geographical collection of Minerals Assets and a collection of Petroleum Assets. The current Organisation
Region 09 May 2017
Regions are Minerals Australia, Minerals Americas and Petroleum. Design
BHP business units required to submit financial and non-financial data to Group Reporting. These are:
Reporting Group Finance 03 Jan 2019
Businesses, Marketing, Group Functions Finance, Group Tax and Group Treasury.
The numerical rating applied to a risk, calculated as the product of a severity factor and a likelihood factor.
It represents the level of residual risk associated with a risk after taking into account controls in place that
have had their effectiveness assessed. Risk
residual risk rating RRR 07 Mar 2016
Management
In proposals of future work and projects where there are no “existing” controls in place, the mitigating
and/or preventative controls planned and budgeted for must be assumed when assessing this rating.
Resource Range Analysis is a structured approach to estimate in situ potential mineralisation or Tenement
recoverable product. The process uses estimates of the uncertainty in the key drivers to forecast the range Management
resource range analysis of the outcome. Likelihood of the estimate is assigned on either a deterministic or probabilistic basis. and 14 Oct 2013
Output is a range of in situ potential mineralisation estimates expressed as tonnes and qualities, and Minerals
recoverable marketable product (if required). Reporting
Comprises base salary, allowances, incentive arrangements, preservation, retention arrangements, sign-on Human
reward total reward 08 Apr 2014
payments, additional payments, reward programs and contractual terms. Resources
Competition, antitrust, anti-monopoly or trade practices laws that prohibit agreements, understandings,
decisions and concerted practices (whether formal or informal, written or unwritten) which prevent, restrict
or distort competition. It also includes merger control rules which require approval of certain transactions
competition Business
ringfencing protocol from competition authorities and prohibits conduct by companies that (either jointly or independently) are in 30 Mar 2016
laws Conduct
a dominant position in a given market and abuse that position. Competition law can have extraterritorial
effect - actions taken in one country can violate the competition law of other countries if the conduct has an
anti-competitive effect in that country.
Environment
A natural or ephemeral stream of fairly large size in the context of the water catchment, flowing in a definite
and
river course or channel or series of channels. It does not include the catchment area where tailings dams or 01 Mar 2012
Climate
waste rock dumps are located.
Change
Trade and financial restrictions implemented by nations and international organisations such as the Business
sanctions 30 Mar 2016
European Union and the United Nations Conduct
Any publicly traded or quoted securities of any company, including any member of BHP, or any other
financial products or instruments whether quoted or not and any securities that are convertible into or
linked to such securities.
Includes:
Securities
Securities 02 Mar 2018
Dealing
l shares and other securities equivalent to shares;
l options or rights to shares or other securities equivalent to shares;
l bonds and other forms of securitised debt; and
l securitised debt convertible or exchangeable into shares or into other securities equivalent to
shares.
The preferred investment alternative when approved at the end of the selection phase (Gate 2) is defined
selected
selected development as the selected development option. This option is ready for further optimisation during the definition Capital
development 06 Jan 2014
option phase. At the end of definition phase, the selected development option is fully defined and, once approved Projects
options
(Gate 3), moves into project execution phase.
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health, sex life or sexual orientation. Controlled
Documents
Service
contractor’s
services
contractor An individual employed through an external organisation engaged in an outsourced arrangement to provide Human
service contractor 03 Jan 2019
services services to BHP. BHP would not generally perform this work as it's not part of standard core business. Resources
contractor’s
services
contractors
Has the same meaning as in section 540 of the Companies Act 2006 (UK), and includes preference Securities
share 19 Jul 2012
shares. Dealing
Capital
Small Capital Project Capital Project where the investment size is ≥US$2 million <US$20 million BHP share. 01 May 2019
Projects
The gathering and compilation of baseline data that describes the state of the social and economic
environment and the characteristics of the populations living in the area around a mining or petroleum
project. The study includes:
Communications,
Community
(a) quantitative data, including population, education and health data, which can generally be
social baseline study and 20 Mar 2014
derived from secondary sources including census reports, government statistics and reports,
External
regional or community plans
Engagement
(b) qualitative data such as community perceptions and attitudes, which is sourced directly from
stakeholders.
A supplier with a sustainability score in global contract management system (GCMS) has completed
sustainability score registration and is approved for use. The sustainability score is assigned to a supplier by GCMS and is the Supply 31 Oct 2018
highest of the individual scores of multiple risk areas.
Environment
Mining-related solid material remaining as waste after the target minerals have been removed through and
tailings 01 Mar 2012
processing. Does not include discharged water that is of acceptable quality to downstream users. Climate
Change
TSFs include all components and infrastructure of dams (above ground structures that retain tailings
Water
material) whether on land or submerged. TSFs exclude tailings tanks, thickeners and process solution
and
tanks.
Tailings Storage Facility TSF Tailings 29 May 2019
A TSF could comprise multiple dams or cells that have: a contiguous, structurally similar interconnected
Storage
wall, operated under the same tailings disposal regime, are interdependent for stability, of similar height
Facilities
and risk profile.
Third Party Operated Joint A producing entity that is non-controlled and BHP's ownership interest is valued above US$250 million. Organisation
03 Jan 2019
Venture * BHP has limited or no direct influence and cannot implement BHP standards. Design
These vendors represent the logistics service providers used by Marketing and are partners outside the Business
Trade related vendor 07 Jan 2019
BHP Group. Refer to DE-PRO-070 Master Data Design- Vendor. Conduct
A vendor from whom BHP purchases Tradable Goods, which BHP will on-sell as part of its trading
activities.
Tradeable Goods are any material generated by BHP (from the processes and activities of the site) or any
Business
Trading vendor material purchased by BHP to be on-sold to a Third Party, with the associated supporting services such as 19 Oct 2018
Conduct
export shipment. Some examples of Traded Contracts: Iron Ore long term sales contract; Energy Coal
purchase contract; Alumina swap contract; Contract of Affreightment (COA); Warehouse contract. Refer to
DE-PRO-070 Master Data Design- Vendor.
Mining-related material removed during underground or open cut operations that does not meet criteria for Environment
waste rock further processing and is deemed to be waste. Does not include discharged water from waste rock dumps and 01 Mar 2012
that is of acceptable quality to downstream users. Climate
BHP GLD Glossary : Master Glossary Report Thursday, June 13, 2019
BHP GLD Glossary : Master Glossary Report Page 14 of 14
Change
Environment
water Natural sources of surface and sub-surface water, irrespective of quality, that sustain ecosystems, and
water resources 21 Mar 2014
resource communities and/or are utilised for recreational, agricultural or other commercial purposes. Climate
Change
Water
For Our Requirements for Water and Tailings Storage Facilities: All components and infrastructure of a and
Water Storage Facility WSF manmade, above ground structure that retains water (not tailings) and that has a safety related descriptor Tailings 29 May 2019
equivalent to severity level 4 or greater (see Our Requirements for Risk Management). Excludes tanks. Storage
Facilities
Environment
and
water-related A cause or impact associated with a water resource. 21 Mar 2014
Climate
Change
Any day which is not a Saturday, Sunday, or not one of the following public holidays: New Years Day,
Good Friday, Easter Monday, Christmas Day, Boxing Day.
Close of working day is 6pm local time where a Reporting Group is based (standard or daylight savings
working day working days adjusted). Finance 28 Dec 2016
For Reporting Groups local time is the time at the location where the Vice President Finance or equivalent
resides.
For Assets, local time is the time at the Reporting Group head office.
BHP GLD Glossary : Master Glossary Report Thursday, June 13, 2019