New Chief Executive Heads World´s Leading Borax Operation

Borax, borate supply and science, has announced a new leader: Gary Goldberg has been named Chief Executive of the global organization and President of the company’s domestic operation, effective February 16, 2004.

Mr. Goldberg began his career with Rio Tinto, Borax’s parent company, in 1981. Most recently, he served as Managing Director of Coal & Allied Industries Limited in New South Wales, Australia, one of the world’s leading coal mining operations. Coal & Allied recently received a national environmental award for its work to restore native habitats and achieve sustainable land use in Australia.

Prior to his appointment as head of Coal & Allied, Gary was President and Chief Executive Officer of Kennecott Energy, headquartered in Gillette, Wyoming USA. Mr. Goldberg has also held numerous senior management positions throughout Rio Tinto, including Bingham Canyon Mine Manager at Kennecott Utah Copper, General Manager at Colowyo Coal Company, and Mining Executive for the Gold and Other Minerals product group, based in London.

Mr. Goldberg holds a B.Sc. Degree in Mining Engineering from the University of Wisconsin-Platteville and a Master of Business Administration from the University of Utah.

Borax supplies nearly half the global demand for borates – essential nutrients for plants, part of a healthy human diet, and key ingredients in fiberglass, ceramics, detergents, fertilizers and wood preservatives. The company employs nearly 1,500 people worldwide and ships its products to customers in nearly 100 countries. Borax and Rio Tinto are industry leaders in measuring and improving how their practices and products contribute to sustainable development.

600450 New Chief Executive Heads World´s Leading Borax Operation

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