May 19, 2020

BHP Billiton's Worsley Project Hit with Costs, Delays

Ross Forgione
JWS
Bizclik Editor
2 min
BHP Billiton's Worsley Project Hit with Costs, Delays

 


BHP Billiton’s Worsley alumina refinery is undergoing more growing pains, now that construction costs have increased 55 per cent to A$1.2 billion and a nine-month delay is pushing expansion back even further into the first quarter of 2012. The additional funding for the extra 1.1 million tonnes of additional annual production makes Worsley one of the costliest expansions in the industry.

BHP, who currently owns 86 per cent of the Bunbury, WA-based Worsley minerals project, is attributing the cost increases to a number of factors, including inflation. BHP Billiton Chief Executive Non-Ferrous, Andrew Mackenzie, said “The refinery expansion is being executed within the existing footprint of the facility, making it one of the most complex brownfield projects undertaken.  Such complexity has resulted in significantly lower levels of construction progress than previously anticipated, while broader inflationary pressures and the strengthening of the Australian dollar have also contributed to the cost increase.”

SEE TOP STORIES FROM THE WDM CONTENT NETWORK 
Top Mining Companies
Georgina Rinehart: Australia's Wealthiest
BHP Billiton CEO Marius Kloppers
READ THE LATEST ISSUE OF BUSINESS REVIEW AUSTRALIA!

Still, BHP stands firm that Worsley is one of the world’s leading alumina refineries.  “We remain confident that the project will add value to the business over the medium to long term as it delivers low cost production into a fundamentally strong market,” the company said in a statement Friday.

In other news, BHP announced it will spend $US488 million for early-stage development of its Jansen Potash Project in Saskatchewan, Canada.  This additional pre-commitment capital will fund site preparation and the procurement of long lead time items during the project’s feasibility study.  The funding will also enable BHP Billiton to develop the first 350 metres of the production and service shafts should Government approvals be received.

Share article

Jul 24, 2021

Amobee Appoints Nick Brien As CEO

Technology
Amobee
Leadership
advertising
Elise Leise
2 min
Nick Brien, a CEO with a proven advertising track record, will help Amobee achieve digital growth

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. 

Share article