Home' Trinidad and Tobago Guardian : July 31st 2013 Contents A26
Guardian www.guardian.co.tt Wednesday, July 31, 2013
Procurement & Management Information Systems (MIS)
The General Manager Procurement and MIS reports to the Managing Director & CEO.
Responsibilities of this portfolio includes:
5. Optimising total cost of (TCO) materials consumed by the plant.
7. Preparing and tracking annual budget for the Procurement and MIS departments.
8. Ensure implementation of corporate guidelines, goals and policies in the procurement
process, MIS function as well as health and safety.
9. Managing the execution of the department's Performance Management System for all staff.
10. Ensuring accuracy of SAP and other MIS systems information tools across the business.
Qualifications & Experience
1. Minimum B.Sc. Engineering
2. Post-graduate certification in Business Administration.
3. Minimum 5 years Industrial experience and understanding of the Global Steel Business.
Required Knowledge, Skills & Abilities
1. Excellent command of computer technology and all related Microsoft applications.
2. Expert command of SAP Management Systems.
3. Demonstrated competence in Negotiations and Contracts Management.
4. Demonstrated competence in Corporate Strategy Management and Project Management.
Applications with full resumes and contact details should be labelled as follows and submitted to:
'General Manager - Procurement & Management Information Systems (MIS)'
The Manager - Human Resources
ArcelorMittal Point Lisas Limited
P.O. Bag 476
The Chief Manpower Officer
Ministry of Labour, Small and Micro Enterprise Development
Level 11 Riverside Plaza
Port of Spain
Receipt of applications will cease on August 7, 2013. Unsuitable applications will not be
LONDON---UK oil company BP
reported yesterday a worse-than-
expected second quarter net profit
of $2 billion as lower oil prices, high-
er taxes and a drop in income from
its operations in Russia took their
toll on the company.
The net profit, although up from a
loss of $1.5 billion in the same period
of last year, missed analyst expecta-
tions of $2.56 billion according to
Factset. Underlying replacement cost
profit, which strips out the changes
in the value of inventories, was down
23 per cent on the same time last year
at $2.71 billion.
The company attributed its higher
tax bill mainly on the impact of the
stronger dollar. It added that the fall
in value of the Russian ruble and a
lag in export duty had also adversely
affected its bottom line.
BP PLC also made more provisions
for the 2010 oil spill in the Gulf of
Mexico, increasing the total by about
$200 million to $42.4 billion. Of those
total provisions set aside, $9.6 billion
were earmarked to settle damage
claims, an increase of $1.4 billion.
CEO Bob Dudley insisted that the
company would fight for the rights
of its shareholders and that it would
fight claims it believes are absurd.
The company argues that a judge and
court-appointed claims administrator
have misinterpreted its multibillion-
dollar settlement with a team of pri-
vate attorneys, allowing some Gulf
Coast businesses to receive payments
for inflated or fictitious claims.
Dudley told analysts and investors
on a conference call yesterday that
the company was prepared to fight
for the long haul.
"It s just the right and principled
thing to do," Dudley said.
On July 19, US District Judge Carl
Barbier rejected BP s request to tem-
porarily shut down the settlement
programme, saying he has seen no
evidence of widespread fraud among
the tens of thousands of claims.
BP had argued that all payments to
Gulf Coast residents and businesses
should be suspended while former
FBI Director Louis Freeh investigates
alleged misconduct by a lawyer who
worked for claims administrator
Patrick Juneau on the settlement pro-
But Dudley said BP wants to do the
"We remain committed to paying
all legitimate claims," he said.
The April 2010 explosion on the
Deepwater Horizon drilling rig killed
11 workers and released millions of
gallons of oil into the gulf, wreaking
economic and environmental damage
across several southern states.
Dudley said in a statement that the
earnings results showed a strong pre-
tax performance. BP s operations are
"seeing growth in production from
new high-margin projects and are
making good progress in exploration
and project delivery," he said.
Keith Bowman, equity analyst at
Hargreaves Lansdown Stockbrokers,
says BP s new production ventures
have moved forward in Brazil, India
and the South China Sea.
"In all, BP is a company trying to
look forward but remaining firmly
anchored to the past," Bowman said.
"A full resolution of its Gulf of Mexico
accident is still in the balance, whilst
both BP and the wider industry remain
hostage to uncontrollable factors such
as the oil price, government appetite
for tax revenues and the strength of
the broader global economy." (AP)
BP reports $2 bn
profit in Q2
outside of the
sides on June
21, allows each
to invest in the
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