Australian news, and some related international items

BHP Billiton moving senior staff away from Yeelirrie uranium project

Query on Yeelirrie after BHP moves PETER KLINGER, The West Australian, June 20, 2011A fortnight after admitting it had put the Yeelirrie environmental approvals process on hold, BHP Billiton is understood to have begun dismantling the senior management team charged with overseeing WA’s biggest uranium development.

The management changes have increased speculation that BHP is considering severing ties with Yeelirrie, south of Wiluna, because it does not fit the miner’s focus on tier-one assets. It is understood the positions of Yeelirrie project director and general manager are under review amid unconfirmed reports several other key members of the Yeelirrie team have either left or been reassigned elsewhere within BHP……..
The miner is under enormous pressure from investors to find and develop projects that will make a material difference to its top and bottom linesComplicating the matter for BHP is that development of Yeelirrie would create significant political and community backlash in WA, where there is vocal opposition to uranium mining, in return for only modest financial rewards for the world’s biggest miner…..

June 21, 2011 - Posted by | business, uranium, Western Australia

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