Sustainability is often claim as the core to any company success. The word sustainability means an ability to continue doing or having something for a long period of time. In business, sustainability is measured according to the triple bottom line. The triple bottom line assess companies through three factors: people, planet and profit. This essay will discuss Rio Tinto Group’s sustainability by using triple bottom line and give recommendations on the company’s weaknesses. Rio Tinto Group…
to work for a newspaper and most importantly the railroad. The railroad allowed him to start inventing on the move and travel to several different parts of the country. Some of Edison’s inventions included; the phonograph, light bulb, magnetic iron ore separator,…
and technological world as we know it. To ignore the significance that the natural resources of Great Britain played in ushering along this huge shift would be a mistake for all, as the once-undomesticated quantities of coal, agricultural crops, and iron became the driving force behind the world’s greatest economy at the time. As soon as these resources started being…
Displacement Reactions: single and double displacements Introduction There are two types of displacement reactions: One type is called the single displacement reaction, the other is called the double displacement reaction. During a single displacement reaction, an element substitutes another element in a compound, creating a new element and a new compound as products. (Ritter, Plumb, Jenkins, van Kessel, & A. Hirsch, 2001) In most single displacement reactions, either a metal replaces another…
FINANCIAL RATIO ANALYSIS Operating Profitability Ratios Gross Profit Margin Gross profit margin is used to compare a company with its competitors. A higher gross profit margin indicates that a company can make a good profit provided it keeps its overhead costs under control whereas a lower gross profit margin indicates that the company is unable to control its production costs. Ideal gross profit margin depends on the industry. From the above graph, the gross profit margin has shown a…
thereafter he took out numerous patents for his inventions. Among these was the “Hallidie Ropeway (or Tramway),” a method of transporting ore and other material across mountainous districts by means of an elevated, endless traveling line, which he had invented in 1867. In 1871, Hallidie completed plans by which street…
Professor Glynn Cochrane, the communities and anthropology advisor to Rio Tinto, for instance, states that the relationship between the company and the community has to be business-like/professional (rather than philanthropic/humanitarian). The situation is one in which, “Rio Tinto is under a microscope and if we screw up we cannot access goods. The time taken to license, insure, secure and finally start production has increased by 300%. Good relations can cut down on lead time, arguments and…
change will have a better opportunity to manage the change that is inevitable.” The Iron Range has been a prosperous industry for decades, until recently, when there was a large downturn in the mining industry resulting from various factors. The only way to get the Iron Range economy back up to par is through great change in the area, which goes together with creativity and innovation. The Iron Range refers to the iron deposits in northeastern Minnesota. For decades, the industry was…
Greek city states were united under Athens leadership in Delian League. It was founded in 478 BC aiming to continue the war against Persian Empire. The League was dissolved upon the Peloponnesian War conclusion in 404 BC. Formation of such league marks the Golden Age of Athens. Such league also was successful since that it united a large number of city stets creating also a common finance of league members. Many achievements were made during this age in architecture, drama, philosophy). Examples…
Biodiversity and Land Management: BHP Billiton’s Iron ore mines in Western Australia have implemented two projects to manage biodiversity in the region. A survey was carried over 5 years on subterranean fauna covering around 900000 hectares. As a result, the company has developed the largest database on…