Arrium administrators find Orica execs as the solution for Moly-Cop

According to a report in today’s Australian newspaper, former Orica executives, Andrew Larke and Patrick Largier, are being courted by the administrators of Arrium to become directors of its $1.5 billion subsidiary Moly-Cop.

Moly-Cop makes steel grinding balls used in mining and is touted as one of the most lucrative part of Arrium’s ailing operations.

There are some common threads emerging here as Larke is chairman of the chemicals division of Orica, while Largier was chief executive of the DuluxGroup division when it was part of Orica.

The Australian’s news story also noted another Orica link- that of Orica chairman Malcolm Broomhead, who previously chaired Asciano, and who is now also being actively courted for the Moly-Cop chairman role.

He is also a director of BHP Billiton and was a board member of equipment rental business Coates Hire.