BHP Billiton: Full Steam Ahead on Production Records
Mining behemoth BHP Billiton is chugging along nicely this year on its global production targets for its four biggest commodities—iron ore, coking coal, petroleum and copper. BHP’s record production puts it on track to achieve a full-year net profit of A$20.49 billion.
The company announced that a record 35.53 million tonnes of iron ore have been produced in the June quarter—a 7 per cent increase from the previous rain-soaked quarter and the 11th straight annual production record.
Though iron ore is up globally, mainly because of heightened activity in the Pilbara of WA, the company’s coking coal operations still remain down because of Queensland’s torrential floods that plagued the summer season. Those mines are down 28 per cent from the record quarterly production logged in the previous June quarter.
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"The remnant effects of wet weather in Queensland that persisted for much of the 2011 financial year continued to restrict our Queensland coal business," BHP said. "We continue to expect production, sales and unit costs to be impacted, to some extent, for the remainder of the 2011 calendar year."
BHP Billiton’s petroleum division is up 21 per cent, largely because of the integration of the Fayetteville Shale in Arkansas, US, combined with strong underlying performance from existing assets, delivered an increase in annual petroleum production, despite the ongoing impact of permitting delays in the Gulf of Mexico. BHP also announced a delay at a West Australian petroleum project, pushing it back to 2013 from 2012.
BHP added that copper production increased during the 2011 financial year as Olympic Dam in Australia reported annual material mined and milling records.
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.