Iron ore

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    ‘B0801 Iron Ore Mining in Australia industry report’, May 2013, page 18. 24 Ibid page 10. 25 Ibid page 9. 17 4 iron ore falls, FMG must increase production to maintain profitability (as in 2012);26 however workforce shortages may provide an obstacle to increasing production capacity. (e) Minerals Resource Rent Tax (MRRT) – An additional tax expense will decrease FMG’s profits. Deloitte notes that ‘the combined effect of the mineral resources rent tax (MRRT) and the carbon tax has the potential to push down corporate profits and interfere with project feasibility assessments’.27 FMG’s June quarter 2013 update indicates that no MRRT was paid in 2013. 1.2 Industry analysis – level of competition in the iron ore production industry. 1.2.1 ‘Porter five forces analysis’ An analysis of the five competitive forces suggests that the level of competition in the industry is moderate, as opposed to intense, meaning that there is an opportunity to earn above average profits in the medium term. The strongest competitive force is ‘competitive rivalry among…

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    BHP Billiton Vs Rio Tinto

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    BHP Billiton slows iron ore growth, breaking ranks with Rio Tinto Summary BHP Billiton has said publicly that it was slowing down its iron ore expansion. This was an unexpected move from one of the largest iron ore miners in the world. BHP has also decided to put a halt on an upgrade at Port Hedland. BHP claim that the decision to abandon the upgrade shows a responsible approach of consistently making commercial decisions in the best interests of their shareholders. The Federal…

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    Tata Steel Swot Analysis

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    Strength 1. Raises over 14 million tonnes of ores from its captive collieries, iron ore mines and quarries 2. Adaptability of company in the fast changing environment 3. Excellent integration with Corus which has more than 2000 metallurgists 4. Control over raw materials 5. Economies of scale 6. Strong backing of Tata brand name 7. Operations in 26 countries and a commercial presence in over 50 countries Weakness 1. Operational efficiency are not as good as international leaders 2. Slightly…

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    a. Describe the Simondou iron ore exploration and mining project. The Simondou project is a mining and ore exploration project in Southeast Guinea, managed by the Rio Tinto Company. The mining camp is located between the cities of Dandano, Boola and Beyla. The surrounding communities are composed by many of the poorest people of the Republic of Guinea. There is lack of adequate sanitation and safe drinking water. The existing health system is weak and overwhelmed. Avid to explore the iron of…

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    What Is BHP Billiton?

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    Billiton Plc, and is currently among the worlds’ top producers in major commodities such as iron-ore and copper. BHP’s main product, iron-ore, is primarily extracted within Australia and Brazil (Worlds’ Top Exports, 2017). Nonetheless, it attracts a largely diversified market, with the main purchasers being Asian nations such as China as well as European nations such as Germany. Similarly, BHP’s coal is largely mined within Queensland and purchased by specialised manufacturing nations such as…

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    managers were in the company, the better the profits would be as it would benefit them as well. All of these factors are present in big businesses today. Corporations today still follow Carnegie’s lead. Carnegie designed a structure where he could run the mills while controlling the costs, he “cut the prices; scoop the market;run the mills full”; and then “watch the costs and the profits will take care of themselves”(111). Carnegie was also among the first to use the method of vertical…

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    BHP Billiton Case Study

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    BHP Billiton is an Anglo-Australian multinational mining, metals and petroleum company with its headquarter in Perth, Australia. According to the revenues in the year 2013, BHP Billiton is the world's largest mining company and Australia's largest company. They specialize in mining, processing and oil and gas production at sites in over 25 countries, such as Canada, Chile, Peru and many more. Their main products happen to be coal, copper, iron ore, petroleum and potash. In BHP Billiton,…

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    Snapshots for Don. Start of the fun Sue (my wife) and I were sitting in the coffee shop with our long-time friend Liz having our weekly coffee. We usually met up every Thursday evening just to catch up on things with Liz and her husband. Liz was by herself that day because her husband, (Don) was across the world. Don’s job involved him going off for six months at a time and then getting a month off. Don was working as an engineer in the oil patch in northern Russia, and had already worked one…

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    The Diamond Industry Essay

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    The diamond industry employs 38,000 people, directly in Southern Africa, the main industrial location for diamonds). This employment provides shelter, food and clean water for people working in the mines. In South Africa, a rough 28,000 people are employed for cutting, mining, valuing, polishing, jewelry manufacturing, and retail. These few job opportunities open doors for workers to live under a roof, to get their kids educated, to obtain appropriate health care and much more. "We know that…

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    Amec Foster Wheeler (2015) is a global engineering services company with operations in 150 countries including South Africa. It offers consultancy, engineering, project management, operations and construction services. It serves the oil & gas, power, clean energy, environment & infrastructure and mining industries. Globally its clients include both the private and public sector, are among the world’s biggest and best companies in their fields, such as BP, Shell, Saudi Aramco, Petronas and etc.…

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