BHP Billiton's CEO Paul Anderson Talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 18, 2002 The Wall Street Transcript has published an in-depth interview with Paul Anderson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Managing Director of BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. (NYSE NYSE See: New York Stock Exchange :BHP), post the Group's record inaugural half year profit result of US$1.2 billion. The entire 3,100-word interview is available free online at http://www.twst.com/ceos.htm Anderson provides an insight into the strengths of the newly-merged Group: "The driver for the merger was the creation of a world-class, broad-based portfolio covering a number of commodities and geographic markets and giving us stability that few in the international resources industry have." Looking forward, Anderson states: "In the next 12 to 18 months, we will be focusing more on energy in general and not just oil and gas, but thermal coal as well. Combining thermal coal with other forms of energies, which is oil, gas and LNG LNG (liquefied natural gas): see under natural gas. (Liquefied Natural Gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. ) and being able to put together more of an energy offering, will be a focus area about 18 months out." BHP Billiton has committed more than US$1.8 billion to new capital projects and other investment activities since the beginning of the fiscal year. Most recently, the Group approved development of the Mad Dog oil and gas field in the ultra-deepwater Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east (US), a significant milestone in the Group's petroleum growth strategy. Anderson explains, "Our vision is to create value on three levels. The first is to have absolutely world-class trophy assets in every business that we are in and to be in the bottom quartile Quartile A statistical term describing a division of observations into four defined intervals based upon the values of the data and how they compare to the entire set of observations. Notes: Each quartile contains 25% of the total observations. of the cost curve. The second is to manage those assets as a portfolio, so that you create value through the management of those assets; the actual mix and financing of those assets in and of itself creates value. Then the third step is to go beyond the assets all the way to the customer and figure out how to leverage the value that you create beyond the production of commodities." This interview is part of a 52-page Metals & Mining Report available at http://www.twst.com/info/info496.htm or by calling 212/952-7433. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
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