May 20, 2020

BHP Mitsubishi Alliance offloads Gregory Crinum Mine to Sojitz for AU$100mn 

Mitsubishi
BHP
mining
BMA
Sarah Smith
2 min
BHP Mitsubishi Alliance offloads Gregory Crinum Mine to Sojitz for AU$100mn 

The BHP Mitsubishi Alliance (BMA) has completed the sale of its Gregory Crinum mine to highly diversified Japanese firm Sojitz for AU$100mn.

BHP said in a statement that the sale of the hard coking coal mine, located in the Bowen Basin on Australia’s east coast, includes the Crinum underground mine, the Gregory open cut mine, on-site coal handling and preparation infrastructure, maintenance workshops and admin facilities.

In its press release, Sojitz said the acquisition comes at a time of rebalancing its coal assets toward thermal coal amidst growing environmental concerns and the impact they could have on the long-term sustainability of the business.

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BHP said that BMA will be appropriately financing rehabilitation of existing areas of disturbance at the site while all liabilities are passed to Sojitz.

“We wish Sojitz well in its plans to recommence production at Gregory Crinum,” said BMA Asset President James Palmer in BHP’s press release. “This will provide new job opportunities and trade benefits for the people of central Queensland, as well as increased royalties and taxes to benefit the state.’’

Sojitz will restart operations at the mine by the end of the first half of 2019 and will begin shipping coal in the second half. 

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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. 

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