The petroleum division of mining major BHP is implementing emergency measures to support cash flow to suppliers during the Covid-19 pandemic.
The miner on Thursday said that it would be making immediate payments of outstanding invoices and move to seven-day payment terms for the next six months for small and local businesses that support BHP’s Petroleum business.
This is a reduction from the current payment terms and covers over 200 suppliers.
The revised payment term arrangements will take effect in the week starting April 13.