Content about chief executive officer

Royal Dutch Shell reported results for Q1 2012 today, with profits up through a combination of improvements in performance and volumes, as well as strong oil prices.

Shell’s first quarter 2012 earnings were $7.7 billion compared with $6.9 billion in the same quarter a year ago – an increase of 11 percent.

“We are making good progress against our targets to deliver a more competitive performance,” said chief executive officer Peter Voser.

Barbara Mommen, chief executive officer of the Maputo Corridor Logistics Initiative, talks about the development of this key strategic transit route.

There’s a mining boom in Namibia that is placing extra demands on electricity supply—necessitating a complete restructuring of the industry, as Alan Swaby learns.

Let a private company sell below cost for any length of time and it will inevitably end up staring down the barrel of disaster. But when the seller is a public body, it’s much easier to fudge the true situation and avoid a similar fate.

Robert Baissac, CEO of TPC Limited, one of Tanzania’s largest enterprises in the sugar sector, talks to Jayne Alverca about the unique potential of the industry to support East Africa’s development goals.

Sugar is a staple output of Tanzania’s agricultural sector and has a key role in supporting the country’s economic development. Nestling in the alluvial valleys below Mount Kilimanjaro is the 16,000 hectare estate of TPC Limited, which produces almost one third of Tanzania’s total sugar output.

Premier Oil is to acquire EnCore Oil for approximately £221 million, the two companies have announced.

London, UK-based Premier said the acquisition is in line with its strategy of acquiring high quality assets. The deal will increase its interest in UK Licence PL1430, including the Catcher field, by 15 per cent, taking its overall interest to 50 per cent. It will also provide Premier with operatorship of the Catcher area.

Catcher is one of the largest discoveries in the UK North Sea in recent years.

After the acquisition of Mexico’s San Dimas mining properties from Goldcorp, the company is well on the way to achieving its ambition to become a leading intermediate gold producer.

Primero Mining Corp. is a Canadian-based precious metals producer with every intention of becoming a leading intermediate gold producer, as attested by its acquisition from Goldcorp of the San Dimas gold/silver mine in Mexico last year, for a total consideration of $500 million.

Mining giant Xstrata has said it will spend R4.9 billion (€510 million) to boost capacity of ferrochrome production and cut costs with a more energy-efficient smelter in South Africa.

Xstrata, one of the world's biggest producers of ferrochrome, has approved the second phase of expansion at its Lion ferrochrome complex, which is struggling to meet power needs.

Under the plans, a new smelter will be built with a capacity of 360,000 tonnes per year, boosting the group's overall ferrochrome capacity to over 2.3 million tonnes.

Energy Automation Systems, Inc. (EASI), which develops, manufactures and markets energy saving technologies, has started construction on a $1.5 million, 20,000 square-foot manufacturing facility in Gallatin, Tennessee.

The company expects to manufacture approximately $30 million of products annually at the new site.

The facility is located on an eight-acre tract of land that EASI officials bought 10 years ago in anticipation of company growth. Project completion is scheduled in late December 2010.

Top coachCoach USA is growing profitability through focusing on core services and delivering customer satisfaction. CEO Dale Moser spoke to Ruari McCallion. It’s not often you encounter a company that is happy with revenues 50 percent down on six years ago . . .