{"id":9444,"date":"2012-03-30T03:39:11","date_gmt":"2012-03-30T01:39:11","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-bhp-iron-ore-chief-steps-down\/"},"modified":"2012-03-30T03:39:11","modified_gmt":"2012-03-30T01:39:11","slug":"update-1-bhp-iron-ore-chief-steps-down","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-bhp-iron-ore-chief-steps-down\/","title":{"rendered":"UPDATE 1-BHP iron ore chief steps down"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Energy coal chief promoted to head biggest business<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Outgoing Ashby rattled market with bearish outlook<\/p>\n<p><span><\/span><\/p>\n<p>* Ashby leaves amid $11 bln iron ore expansion<\/p>\n<p><span><\/span><\/p>\n<p>* BHP shares up 1.6 pct, outpacing market<\/p>\n<p><span><\/span><\/p>\n<p>MELBOURNE, March 30 (Reuters) &#8211; BHP Billiton&#8217;s<br \/>\n  veteran iron ore chief, Ian Ashby, is stepping<br \/>\ndown after 25 years with the world&#8217;s biggest miner, it said on<br \/>\nFriday, just 12 days after he rattled global markets with a<br \/>\nbearish iron ore outlook.<\/p>\n<p><span><\/span><\/p>\n<p>BHP&#8217;s energy coal head, Jimmy Wilson, 50, will take over the<br \/>\nreins of the iron ore business, BHP&#8217;s biggest revenue earner and<br \/>\nmost profitable arm over the past several years.<\/p>\n<p><span><\/span><\/p>\n<p>Ashby, 55, head of the world&#8217;s third-largest iron ore<br \/>\nproducer, rocked global markets last week when he warned that<br \/>\niron ore demand growth was &#8220;flattening&#8221; in China, the world&#8217;s<br \/>\ntop consumer of iron ore and BHP&#8217;s biggest customer.<\/p>\n<p><span><\/span><\/p>\n<p>The comments knocked iron ore prices and mining stocks<br \/>\nworldwide last week.<\/p>\n<p><span><\/span><\/p>\n<p>BHP&#8217;s statement did not give a reason for Ashby&#8217;s departure.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Energy coal chief promoted to head biggest business * Outgoing Ashby rattled market with bearish outlook * Ashby leaves amid $11 bln iron ore expansion * BHP shares up 1.6 pct, outpacing market MELBOURNE, March 30 (Reuters) &#8211; BHP Billiton&#8217;s veteran iron ore chief, Ian Ashby, is stepping down after 25 years with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9444"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}