Tuesday, 12 May, 2015 - 13:43
Orica profit dips on lower demand
Explosives and chemicals manufacturer Orica has posted a 3 per cent dip in half-year profit to $211 million after being affected by reduced demand for its products in the mining sector.
Alberto Calderon has more than two decades of executive leadership experience within the global mining sector.
Mr Calderon has been a non-executive director of Orica since August 2013, and was appointed managing director and chief executive officer from May 2015 to February 2021. He was group executive and chief executive of BHP Billiton, aluminium, nickel and corporate development. He was also chief executive of Cerrejón Coal Company and Colombian oil company, Ecopetrol. Mr Calderon became chief executive of AngloGold Ashanti in September 2021.
He is a member of the investment advisory committee for New York Mining Fund, AR Capital GP II.
Mr Calderon holds a PhD in Economics, a Master of Philosophy in Economics and a Master of Economics from Yale University, a Juris Doctor in Law and Bachelor of Economics from Andes University in Colombia.
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Explosives and chemicals manufacturer Orica has posted a 3 per cent dip in half-year profit to $211 million after being affected by reduced demand for its products in the mining sector.
Mining explosives maker Orica has held on to its cautious full-year outlook after spending cuts and business improvement initiatives helped it offset higher costs in the first half of the year.
Mining explosives and chemicals manufacturer Orica made the final investment for its ammonium nitrate plant in the Pilbara in September, with final state government approvals expected by the end of the year.
Melbourne-based explosives manufacturer Orica has secured supply contracts in the Pilbara with BHP Billiton and Roy Hill, but expects operational issues and write-downs to cut its first-half earnings by nearly $400 million.
The federal government has launched an inquiry into cheap imports of ammonium nitrate following an application by three local manufacturers, including Wesfarmers subsidiary CSBP and Orica.
Andrew Forrest has pounced on a potential play to supply WA gas to an east coast industrial market pounded by high prices.
Mining services business Orica has replaced its managing director after revealing a larger than expected impact from COVID-19 on its global operations.
Alberto Calderon has been appointed as the new chief executive of AngloGold Ashanti, taking the reins from acting chief Christine Ramon in September.
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