Glencore International Plc’s $36 billion takeover of Xstrata Plc will unite about 130,000 employees that operate in more than 40 countries. The proposed board of directors doesn’t include a single woman.
Mining lags behind every other industry, including oil and gas, in terms of gender diversity, with women occupying just 5 percent of board positions, according to a January report by Women in Mining U.K. and PricewaterhouseCoopers. Of the seven companies in the U.K.’s benchmark FTSE 100 Index with all-male boards, five are miners. Four of the world’s five biggest mining companies trade in London.
“If I chaired an all-male board I’d set to work immediately getting some women on it,” said Mark Moody-Stuart, a former chairman of both Royal Dutch Shell Plc and Anglo American Plc, whose board appointed Cynthia Carroll as its first woman chief executive officer. “I don’t think they really have much of an excuse. It’s a matter of putting thought and effort into it.”
Mining has long been seen as a male bastion, with women banned from working underground in some countries until recently. That’s being challenged by a growing skills shortage amid unprecedented demand for natural resources.