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Outgoing Anglo CEO faced ongoing pressure from hard-nosed market

By: Martin Creamer Hardnosed fund managers and mining analysts, many of them only interested in short-term returns, applied considerable negative pressure on Anglo American CEO Cynthia Carroll ahead of her decision to call it a day. In a note after her resignation, London-based mining analyst Liberum Capital... 

BHP Billiton CFO to retire in Feb

By: Esmarie Swanepoel BHP Billiton has named Graham Kerr as its new CFO to succeed Alex Vanselow, who will step down in early 2012, the world’s largest diversified miner announced on Monday. Vanselow has been CFO since 2006, and would retire from BHP at the end of February. His successor would officially assume the... 

Share buy-back transaction successfully completed

Diversified global mining company BHP Billiton completed a $6,3-billion off-market tender buy-back transaction of its shares in April. The final transaction size of A$6-billion has enabled BHP Billiton to buy back 147-million shares, which represents 4,4% of the issued share capital of the... 

BHP Billiton's Southern African aluminium smelters going ex-growth?

By: Martin Creamer Southern Africa's aluminium smelters appear to be heading for an ex-growth future. BHP Billiton CEO Marius Kloppers, who has announced a 16%-higher $12,5-billion profit for the world's largest mining company in the 12 months to June 30, indicates that new "ubiquitous" aluminium technology and... 

BHP Billiton returns massive $32bn to shareholders in seven years

By: Martin Creamer Diversified mining major BHP Billiton, whose record 2009 dividend represents a sixfold growth in seven years, has paid a massive $32-billion in cash to shareholders since BHP and Billiton merged in 2001, BHP Billiton CEO Marius Kloppers said on Wednesday. This year's dividend payout of... 

Daily podcast – January 22, 2009

By: Shannon de Ryhove In today's podcast: the shareholders of Aflease approve the company's proposed merger with Australia-based BMA Gold; and BHP Billiton will cut about 6 000 jobs at a number of operations by the end of June. 

BHP Billiton announces cutbacks, to shed 6 000 jobs

By: Chanel de Bruyn Diversified miner BHP Billiton, which employed just over 100 000 people worldwide, would cut about 6 000 jobs at a number of operations by end June, the miner announced on Wednesday. “We believe as a result of the changes to production or investment decisions announced today we are likely to... 

BHP Billiton H1 profit down 2,4% y-on-y

By: Liezel Hill The world's biggest mining group, BHP Billiton, reported lower first-half attributable profit of $6,017-billion, a decline of 2,4% year-on-year. 

BHP Billiton creates uranium unit in corporate reshuffle

By: Mariaan Webb Diversified miner BHP Billiton has created a separate unit for its uranium assets and reshuffled its management team as part of the company's succession plan for when South African-born Marius Kloppers succeeds Chip Goodyear as CEO in October. 

BHP Billiton completes $2,8bn share buyback

By: Mariaan Webb Diversified-miner BHP Billiton has successfully completed its $2,8-billlion (A$3,5-billion) off-market share buy-back, marking the completion of the first stage of the $10-million buyback programme announced last month, it said on Monday. 

Power tarrifs hold key

By: Liezel Hill World number-five aluminium producer BHP Billiton said last week that it would push for ‘economic’ rather than ‘cheap’ electricity rates for its planned Mozal 3 expansion, in Mozambique. 

Mkhwanazi leaves Bateman Africa for BHP Billiton

Resources giant BHP Billiton yesterday announced the appointment of Dr Xolani Mkhwanazi as chief operating officer for its aluminium business in Southern Africa. 

BHPB in $192m move to increase alumina output

Mining and energy group BHP Billiton yesterday announced the approval of the $192-million Worsley Alumina development capital projects (DCP) in Western Australia. 

Resources giant in organisational revamp

By: Martin Czernowalow Global mining giant BHP Billiton announced yesterday the resignation of Mike Oppenheimer as president of the company’s Energy Coal Customer Sector Group, following an internal reorganisation. 

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