BHP’s Iron Ore Executive Quits

Reuters reported BHP Billiton’s (ASX:BHP,NYSE:BHP) iron ore chief, Ian Ashby, is leaving the miner in the midst of an $11 million iron ore expansion.

As quoted in the market news:

BHP’s energy coal head, Jimmy Wilson, 50, will take over the reins of the iron ore business, BHP’s biggest revenue earner and most profitable arm over the past several years.

Ashby, head of the world’s third-largest iron ore producer, rocked global markets last week when he warned iron ore demand growth was “flattening” in China, the world’s top iron ore buyer and BHP’s biggest customer.

Click here to read the full Reuters report.