Wanted: CEO to manage growth

Article Abstract:

Chief Executive Officer Charles Goodyear, BHP Billiton Ltd. of Australia is to retire at the end of the year. Mr. Goodyear has a successful tenure having tendered the Australian petroleum and mining giant into stellar profits. First half net income has increased by 41 percent and a $10 billion share buyback plan is at the table.

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Xstrata will acquire Australia's Jubilee for $2.75 billion

Article Abstract:

Anglo-Swiss mining company Xstrata PLC will buy Australia's Jubilee Mines N.L. in a friendly deal totaling US$2.75 bil, or A$3 bil. The move adds nickel mining to Xstrata's Australian operations, which already include zinc, copper, and coal.

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BHP sees China continuing to drive its profit

Article Abstract:

Fiscal year net income for Australian mining company BHP Billiton Ltd. rose by 28% to reach $13.42 bil, with revenue rising 21%. Surging commodities demand in China contributed significantly to BHP's results.

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