Tom Bawden
Win tickets to the ATP finals
BHP Billiton, the Anglo-Australian mining group, has appointed Wayne Murdy, the former chairman and chief executive of Newmont Mining, the world's largest goldminer, to its board as a director.
The appointment of Mr Murdy, 64, will go some way to addressing concerns that BHP's board lacks hands-on mining experience. He had hard-rock mining exposure at Newmont between 1992 and December 2007. Before joining Newmont, Mr Murdy, an accountant by training, spent 15 years in financial positions with Getty Oil and Apache Corporation, the oil and gas company.
Don Argus, the BHP Billiton chairman, said that Mr Murdy's experience in the natural resources area would prove particularly useful to the company. He said: “Wayne will be an excellent addition to our board and we are very pleased that he has agreed to join us. His depth of senior management experience and knowledge of the industry will be an asset to the company.”
Mr Murdy, who is also a director of Qwest Communications, the internet group, has been chairman of the International Mining Association.
Mr Murdy's appointment, which brings to 14 the number of people on the BHP board, comes less than a fortnight after the company agreed to set up a joint venture with Rio Tinto. It would see the two groups bringing together their iron ore operations in the Pilbara region of Western Australia. Rio struck that deal after pressure from shareholders to scrap a $19.5billion (£12billion) deal with Chinalco, China's state-owned metals group, under which the Chinese would have acquired a substantial stake in Rio.
However, BHP's tie-up with Rio hit hurdles this week when China indicated that it would initiate an antitrust investigation into the miner's joint venture.
State officials in China said that the planned deal with BHP had “a strong monopolistic flavour”.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
36-month car lease
on contract hire for
£359.99 plus VAT pm
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
The UK's leading alternative to showroom finance.
Finance packages tailored to your needs.
Minimum loan of £15,000
Car Insurance
£12,578 per annum
The Independent Housing Ombudsman
London
Competitive
Barclaycard
Not Specified
The Sheppard Trust
London
£80-95,000
Clay McGuire Executive Selection
Moments from Battersea Park.
For sale with Winkworth.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.