News Wrap

IN THIS morning’s News Wrap: New Anglo American chief tells miners to raise bar on productivity; states push for mining approvals; and King called to arms in battle for Indonesian coal player.

Staff Reporter

Raise the bar on productivity, new Anglo American chief says

Incoming Anglo American chief executive Mark Cutifani has flagged major changes to the mining giant's operations, saying productivity is a key concern and one where the industry is decades behind others, according to The Australian.

Unlike many miners bemoaning the high costs of doing business in Australia, Cutifani did not point the finger at governments, but said the industry itself had let things slip.

States push for mining approvals

Queensland and Western Australia have urged the federal government to resolve its dispute with the states over mining approvals to ensure large projects, such as Rio Tinto’s $1.4 billion South of Embley bauxite mine, are not unnecessarily delayed, according to the Australian Financial Review.

The mining states have also warned the Gillard government about delaying or blocking mining projects this year to boost its support among green voters at the next federal election.

WA mines minister Norman Moore said he hoped the federal government was not playing up to the Greens in its recent decision to delay a decision on approving the state’s first uranium mine, Toro Energy’s Wiluna project.

King called to arms in battle for Indonesian coal player

British banking scion Nat Rothschild has turned to former Leighton Holding chief Wal King in his bid to take control of London-listed coalminer Bumi, according to The Australian.

King, who also sits on the boards of Ausdrill and Coca-Cola Amatil, is set to become Bumi's chairman if Rothschild succeeds in his attempt to overthrow the existing board, which has interests in Indonesian coal assets.