Strong today. Stronger tomorrow.
With an extraordinary FY22 behind us, and another busy and successful twelve months to reflect on, I feel incredibly optimistic about our company and our partnership with BHP. Together, we have ensured delivery of a robust local procurement platform for BHP Buyers and small, local and Indigenous businesses. Over $199 million has been injected into regional economies within BHP’s operational footprint. We have invested on a larger scale than ever seen before in automation and data security, as well as business development and sustainability initiatives to fuel the future growth of our regions and the small businesses which operate within.
Several organisational changes within BHP have seen changes to the program this year, including the sale of BHP Mitsui Coal (BMC) in Queensland and BHP Petroleum in Western Australia. I thank BMC for their support of the LBP during the last 10 years, and welcome Stanmore Resources to the Local Buying Program. We will work closely with Stanmore Resources during the ownership transition phase to ensure consistency of work for those small businesses who had been working with BMC. This interim arrangement will create exciting new opportunities for businesses registered with the program. I also extend our gratitude to BHP Buyers and LBP Suppliers who supported BHP Petroleum, and the small businesses local to Exmouth and Onlsow for their contribution and participation in the Program and wish them well for the future. Pleasingly, Onslow suppliers will be remaining with the program to engage with Western Australia Iron Ore.
Our team travelled to the Upper Goldfields in Western Australia to introduce BHP Nickel West, local suppliers and industry stakeholders to the Local Buying Program. We’ve seen a steady uptake of buyers and local businesses registering with the program and will officially go live releasing work opportunities in July 2022. We look forward with much anticipation to working with BHP to support and grow businesses within the Nickel West footprint and assist sites with local procurement solutions.
I’m extremely proud of the Local Buying Foundation accomplishments this year, and we’ve seen over $3.9M funnelled through the program into the four Foundations operating across the country. Most especially, the launch of Trading Tracks in Queensland will drive support and sustainability initiatives and programs specifically targeted for Traditional Owner and Indigenous businesses. Plans to release Trading Tracks in SA and WA are in motion for FY23.
Looking forward, we will use a combination of connectivity, technology, purpose and the talents of our people to offer more powerful local purchasing solutions to buyers, as well as small, local and Indigenous businesses, and our regional stakeholders. We have the talent, drive, and expertise to support the critical decision-making needed to ensure our regional communities remain strong and vibrant. Along with a unifying vision, strategy, and culture, I am very hopeful about the future of C-Res, and excited for what lies ahead during the next twelve months and beyond.
Tracey Cuttriss-Smith, CEO C-Res.
Click here to view our Annual Summary 2021-2022.