BHP appoints Goldman Sachs to aid with Nickel West sale
BHP, the Melbourne-headquartered miner, has confirmed the appointment of US investment bank, Goldman Sachs, to support the sale of Nickel West.
The deal with Goldman Sachs come fours years after BHP decided to end its asset divesting plan for the Western Australian mine.
Glencore made an offer of $200mn for the mine last year, however, Deutsche Bank has claimed the mine-to-market nickel asset is worth approximately $690.
Andrew Mackenzie, Chief Executive Officer of BHP, has noted that firm aims to sell the mine due to its size – the CEO claims it will not grow enough to make substantial earnings.
BHP has revealed that it intends to focus on key commodities, such as copper, iron ore, and oil.
The raw materials, such as nickel, produced from the mine are being used in the electric vehicle (EV) industry.
Despite the EV industry’s continual growth, it is anticipated the nickel supply to the sector will be worth $4mn by 2030, whereas the annual globe trade of iron ore is $100bn.
Recent reports have suggested that BHP is considering an expansion of the Nickle West site, with the aim of diversifying production to processing nickel sulphate.
Amobee Appoints Nick Brien As CEO
In its latest strategic move, Amobee—a global multimedia advertising leader—announced that Nick Brien will be its Chief Executive Officer. The company is entirely owned by Singtel, Asia’s leading communications technology organisation, which provides consumers with mobile, broadband, and TV and businesses with data hosting, cloud, network infrastructure, analytics, and cybersecurity tools.
Brien, who has worked for Microsoft, Intel, P&G, and American Express, will take over to drive the next generation of advertising tech. Said Evangelos Simoudis, Chairman of the Board of Amobee: ‘Nick has the deep expertise in advertising that we need to seize the market opportunities ahead’.
How Did Brien Get Here?
Before joining Amobee, Brien led 15,000 people across 40 divisions as CEO of the Americas for Dentsu International. For thirty years, he’s helped brands pilot unique advertisements, keeping up with the latest trends. He’s served as CEO of McCann Worldgroup, global CEO of IPG Mediabrands, President of Hearst Marketing Services, and CEO of iCrossing. Over the course of his career, he’s consistently strategised how to keep up with digital shifts. Now, he’ll capitalise on Amobee’s legions of experienced data scientists and developers.
‘I’m excited to be joining Amobee at such a transformative time in our industry’, Brien explained. ‘We’ll pilot advertising accountability and intelligent decisioning. And there’s no doubt in my mind that optimising media performance—whether you’re targeting, planning, buying, or delivering—can only be achieved using applied science, machine learning, and data analytics’.
What Does This Mean for Amobee?
Amobee is set on growing its personal brand within the advertising sector. As APAC social media influencers, Gen Z growth hackers, and viral content producers start to enter the field, established companies will be working doubly hard to keep up. Amobee, however, is still looking good. With a Gartner Magic Quadrant for Ad Tech, a Forrester New Wave recognition, and now, Nick Brien as CEO, the firm is set up for success.