Mining companies dominate LinkedIn's 30 Most InDemand Employers in Australia
Professional networking service LinkedIn has revealed its 2015 top 30 “Most In Demand Employers” for Australia and the majority of the list is comprised of mining firms.
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Four of the top 10 companies mentioned were mining companies with Rio Tinto topping the rankings at number one, BHP Billiton coming in third, Leighton Contractors taking fifth and Thiess at number 10. UGL Limited rounded out the list at number 30.
The annual ranking, which is in its third year, is based on a field of 12,000 respondents registered with the networking database in Australia. The list ranks organization based on LinkedIn member awareness of a company (how many people have viewed an employer’s profile within the past year) and engagement on LinkedIn (how many members have followed a companies' Company or Career Page within the past year).
Higher talent brand awareness and engagement among members on LinkedIn equal a more effective talent brand and a higher InDemand ranking.
“LinkedIn is a key communications platform to connect with the thousands of talented and highly motivated people in Australia who are interested in our company,” said Rio Tinto spokesman Bruce Tobin. “We are grateful for the support and interest of our 215,000 followers on LinkedIn.”
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On making the list, mining contractor Thiess said: “Making the top 30 ranking is an important milestone for the company. Based on billions of interactions from LinkedIn’s 296 million members, it’s evidence of Thiess’ ability to be innovative in the way we engage with clients and potential employees.”
Other notable companies on the list included Google (#2), Microsoft (#4), Apple Inc. (#7), Chevron, Shell (#8), Deloitte (#16), BP (#18), IBM (#21), Virgin Australia (#25) and Hewlett-Packard (#28).
Barrick profit beats expectations as copper, gold prices up
Barrick Gold has reported a 78% jump in first-quarter profit, beating analyst expectations thanks to rising gold and copper prices, and said it was on track to meet annual forecasts.
Production in the second half is expected to be higher than the first, the gold miner said, thanks in part to the ramp-up of underground mining at the Bulyanhulu mine in Tanzania and higher expected grades at Lumwana in Zambia, reports Reuters
Barrick’s first-quarter gold production fell to 1.10 million from 1.25 million ounces due partly to lower grades at its Pueblo Viejo mine in Dominican Republic.
Adjusted profit surged 78% to $507mn in the quarter ended March 31, from $285mn a year earlier, and Barrick announced a 9 cent per share quarterly dividend.
Stronger prices helped boost Barrick’s revenue from its copper mines in Chile, Saudi Arabia and Zambia by 31% from the fourth quarter. Overall earnings per share were $0.29, ahead of analysts’ estimate of $0.27.
“We expect a positive stock reaction to the earnings beat and strong cash flow,” said Credit Suisse analysts.
Potential for South Africa merger
Barrick CEO Mark Bristow, who has championed mergers across the gold industry, said he backed the idea of South Africa-listed miners Goldfields and AngloGold Ashanti combining.
Speculation has been swirling around the two companies and Sibanye-Stillwater, whose CEO Neal Froneman floated the idea of a three-way merger.
“I’m a South African, and this country has such a great mining history and it would be great to see a real gold business come out of the many failed discussions that we’ve seen,” said Bristow.
Goldfields declined to comment. In a statement, AngloGold Ashanti said it was focused on delivering on its growth plan to unlock value from its portfolio of gold assets.
Bristow also said he had met with the Democratic Republic of Congo’s new mines minister and other officials and was continuing to work on getting $900mn belonging to its Kibali mine joint venture out of the country.
“We have a solution, it just needs to be sanctioned by the appropriate authorities which haven’t been around for a while,” he said, referring to a recent government overhaul by President Felix Tshisekedi.