BHP hires former Australian state leader for Washington role
Dominic Perrottet, the former leader of New South Wales, will serve as a US government and external affairs liaison.
Australia’s Newcrest Mining reported a statutory loss of A$2.2 billion in the year ended June 30, after asset writedowns of more than $2.3 billion, mainly relating to its Lihir mine in Papua New Guinea.
The latest financials compares with a statutory loss of A$5.8 billion in the 2013 financial year, when impairment at the giant Lihir operation came to a whopping $6.2 billion.
CEO Sandeep Biswas said a “company-wide improvement program has been initiated, which includes a major review at Lihir,” adding that Newcrest expects “group production this year to be similar to that in financial year 2014” due to ramp up Cadia East and planned improvements at Lihir.
Key points of year to end-June