Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Solid Energy names Glencore’s Dan Clifford as CEO

Solid Energy names Glencore’s Dan Clifford as CEO after year-long search

March 11 (BusinessDesk) – Solid Energy, the unprofitable state-owned coal miner, has named an Australian mining manager at Glencore Xstrata as its chief executive after a year-long search following the departure of Don Elder.

Dan Clifford, general manager of Glencore’s Ulan Complex of coal mines in New South Wales will take up the role in May, said Solid Energy’s acting chair Pip Dunphy. The mining engineer has more than 20 years’ experience in Australian and South African mines, and had experience in reviving ailing operations, she said.

“Dan has successfully restructured mining operations to be more efficient and economic and leaves behind, at Ulan, a significantly improved health and safety performance across that operation which produces 11 million tonnes of coal a year, with a workforce of about 900 people,” she said.

He will take over from Garry Diack, who was named acting CEO after Elder’s departure.

Last month, Solid Energy reported a first-half net loss of $40.9 million, an improvement from the loss of $318.2 million a year earlier, when it recognised impairment charges of some $222.7 million.

Under Elder, the company expanded its vision to include converting lignite to diesel, briquettes and fertiliser. Tumbling global prices for coal left the business with two little income for the amount of its debt and it required a government bailout.

Plans to partially privatise the company were abandoned and it has substantially scaled back its operations, selling or shuttering experimental product lines and pursuing coal mining only at its most commercially viable sites.

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news