Antinuclear

Uranium enthusiast Kloppers not top of the pops at BHP

Kloppers hot topic at BHP’s AGM, The Age, November 29, 2012 Peter Ker THE tenure of BHP Billiton chief executive Marius Kloppers is expected to dominate the company’s annual meeting with Australian shareholders in Sydney on Thursday.
Proxy advisers have given the company a clean bill of health while big shareholders are also much happier about the level of consultation with investors than they were a year ago, meaning Mr Kloppers’ future looms as the elephant in the room.

Environmental and social activists have flocked to Sydney ahead of the event, with social media suggesting some have travelled from South America and Papua New Guinea. PNG is home to the Ok Tedi copper mine that BHP handed over more than a decade ago after an environmental controversy.

Speaking in Canberra on Wednesday, PNG Prime Minister Peter O’Neill said BHP was still influencing the fund that now controls Ok Tedi, and urged the company to keep its distance. ”There is no longer a valid reason for it to continue to exercise any control over the board appointments to that fund,” he said…. http://www.theage.com.au/business/kloppers-hot-topic-at-bhps-agm-20121128-2aeaw.html#ixzz2DdqSKbxG

November 28, 2012 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business