...My name is Dermot Vibert. I work with Rio Tinto Japan. On March 11, 2011 I was in our office when we were hit by an extremely strong earthquake. Among the many issues we faced immediately after the earthquake was what would we do on the Monday morning when we had to supposedly return to the office and recommence business. What caused this issue to arise and why is it important? B) Causes Identify the importance of the Causes to the organisation concerned. What Caused these Issues to arise? The reasons underlying the Issues will be explicit in the Causes identified. The earthquake in the afternoon of March 11 was, although it struck 520 kilometers from Tokyo, it was an extremely strong one for us in Tokyo. The buildings shook severely two or three times, and then many, many times thereafter because of the aftershocks. On at least two occasions we had to go under our desks with our helmets on and literally hold on to the legs of the tables. It was that strong. The earthquake knocked out a lot of the power system, and as a result the trains were not able to function normally, and because there was not enough power as well, things like traffic lights, lights in buildings, etc., all these things were affected. There were many unknowns such as what damage there really was in the Tokyo area, for how long would trains not be running, would there be adequate food in two or three days time, what was going to happen with fuel supply, because when we were watching on television,...
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...COMPANY REPORT RIO TINTO ALCAN NAME: SUNDARARMAN SIVARAMAKRISHNAN CONTENT Sl PARTICULARS 1 INTRODUCTION 2. THE ALCAN COMPANY AND THEIR ENVIRONMENT 3. CORPORATE GOVERNANCE 4. STRATEGY AND PERFORMANCE OF ALCAN 5. SUPPLIERS NETWORK 6. SUSTAINABILITY LESSONS LEARNED REFERENCES [pic][pic] INTRODUCTION TO Alcan: Alcan Inc. Is a world-class leader providing innovative aluminium and packaging solutions. Alcan was founded in 1902. |In 1902, the Canadian subsidiary of Pittsburgh Reduction Company (later Alcoa) was first chartered as Northern Aluminium Company, | |Limited. | |In 1925, the company was renamed Aluminium Company of Canada, Limited (ACOC). | |In 1928, ACOC became a subsidiary of ALUMINIUM LIMITED. | |In 1945, ACOC registered the trade name ALCAN. | • Between 1960 and 1980 Alcan expanded its business and started operations in many countries. • In 1982, the company acquired British Aluminium Company. • In 1987, ACOC changed its name to Alcan Aluminium Limited and became the publicly...
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...industry, how well companies disclose social and environmental issue according to GRI guidelines. This article’s main focus is to describe trends of CSR reporting in mining companies in Australia. This article provides detailed overview of companies reporting format and structure, CSR disclosing motivation, how well company account for job losses and impact of reduction of oil price on companies. The purpose of this report is to describe CSR practice of mining companies in Australia and highlights the importance of sustainability reports regarding social and environmental perspective. This report is based on two major mining companies namely BHP Billiton and Rio Tin. The information used for writing this article is gathered from different researcher, annual reports, newspapers, and online articles, GRI guideline. Only Secondary data used to write report and study based on ASX registered companies companies in Australia are more aware of GRI reporting standards now and also know that how crucial it is to report on the sustainability issues from social and environmental perspective to have long term business and secure future. . Contents Executive Summary i Contents ii Introduction 3 Question a 3 Question b 5 Question c 7 Question d 8 Question e 9 Conclusion 11 Reference List 12 Introduction Corporate social responsibility is a business approach which help companies to sustain improvement by providing social,...
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...assignment must: •Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. The specific course learning outcomes associated with this assignment are: •Distinguish between the major forms of business ownership and compare the advantages and disadvantages of each. •Define entrepreneurship and the nature and importance in the U.S. economy of small businesses. •Describe the basic accounting process and the financial statements used in business. •Explain the role of financial management, human resource management, and information management in a business. •Identify the basic components of the marketing process (product, promotion, pricing, and distribution). •Use technology and information resources to research issues in business. •Write clearly and concisely about business issues using proper writing mechanics 1. Describe the role of business in the economy. A business is an economic system that provides goods and services in an effort to earn a profit. Possibility of earning a profit provides a powerful incentive for people to launch their own enterprise. Businesses are the growth engines of the most successful economy. They do not only create wealth for their owners, but also...
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...DRAFT Chinese Foreign Direct Investment in Australia: Policy Issues for the Resource Sector Peter Drysdale Crawford School of Economics and Government The Australian National University and Christopher Findlay School of Economics University of Adelaide Abstract The last nine months has seen Chinese foreign direct investment in the Australian resource sector become an issue of policy interest. There are two big questions that the prospects of a significant rise in foreign direct investment (FDI) from China into the Australian resources sector have raised. Is the surge of FDI into Australian mining and energy consistent with achieving the traditional gains from foreign investment? And are there any particular problems associated with investment from foreign state-owned enterprises or state managed sovereign wealth funds? These are among the questions addressed in this paper. The paper argues that there are no issues that cannot be dealt with under the umbrella of the established test of ‗national interest‘ in managing the growth of Chinese FDI into the Australian minerals sector. It argues that a confusion has been introduced into policy over the questions of state-ownership and supplier-buyer relations in respect of Chinese investments and that clarifying these issues is likely to be important to Australia‘s capturing the full benefits from the growth of Chinese resources demand and longer term economic and strategic interests in China. Paper for Presentation to Crawford...
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...Crane & Matten, Business ethics, 3rd Edition, Chapter 6 Suggested answers to the Think Theory exercises associated with the Ethics in Action boxes THINK THEORY 1 Think of the duties of managers to their shareholders from the perspective of ethics of duty (Kant’s theory). Apply this theoretical lens to the three incidents described above. In each case, management in the three incidents failed to respect the ethics of duty. Kant’s Maxim 1 is about an action being right only if everyone could follow the same underlying principle (the ‘golden rule’). For example, Ahold management concealed the true state of affairs from the company’s owners (and everyone else), action which they cannot have wanted to become a universal law. Maxim 2 requires human dignity to be respected, with people being treated as ends, not means. For example, management at Porsche treated the company owners instrumentally, not respecting their dignity, essentially treating them as ‘finance-providing ends’. Maxim 3 is about universality; whether the principles of an action would be acceptable for every person. The fact that 90% of shareholders voted against Goodwin’s pension is clear evidence that this was not the case at RBS. THINK THEORY 2 Thinking of different corporate governance practices around the world, are these just ‘different’ (i.e. reflecting different cultural and customary practices) or would you argue that some of them are clearly more or less ethical from a moral perspective? One could...
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...METALS METALS Market Overview Current Status Competitive Advantages Government Regulations and Support Key Domestic & Foreign Players Future outlook Contact For Information A report by KPMG for IBEF 2 4 9 12 13 17 18 Market Overview The metal industry is a key sector in the Indian economy as it meets the requirements of a wide range of important industries such as engineering, electrical and electronics, infrastructure, automobile and automobile components, packaging etc. The metal industry consists of two major groups: ferrous metals and non-ferrous metals. Non-ferrous metals, which include aluminium, copper, zinc, lead, nickel and tin, are used to make alloys, castings, forgings, extrusions, wires, cables, pipes, etc., and find their application in a number of sectors such as agriculture, infrastructure facilities like power plants, automobiles, railways, telecommunications, building and construction and in engineering and chemical plants. There are significant reserves of non-ferrous metal ores in India. India is rich in bauxite (aluminium ore) and has grades of zinc, lead and copper reserves. Copper, lead and zinc are also imported as scrap or concentrates to be processed by secondary/custom smelters. Nickel and tin are also imported by India. Ferrous metals primarily consist of iron and different varieties of steel. Indian steel industry has shown strong performance in the recent past in terms of production, capacity utilisation, exports and consumption. India is...
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...Business risks facing mining and metals 2012–2013 Organizations that succeed do so because they are best able to optimize the risk and reward equation for both strategic and operational issues. Contents The Ernst & Young business risk radar for mining and metals Executive summary The top 10 business risks 1. Resource nationalism 2. Skills shortage 3. Infrastructure access 4. Cost inflation 5. Capital project execution 6. Social license to operate Editorial — Prospects and perils: facing up to political risks in mining and metals 7. Price and currency volatility 8. Capital management and access 9. Sharing the benefits 10. Fraud and corruption 3 4 10 11 14 17 20 23 26 28 32 35 38 40 Under the radar Getting prepared 42 46 The Ernst & Young business risk radar for mining and metals Up from 2011 Down from 2011 Same as 2011 New entry The risks closest to the center of the radar are those that pose the greatest challenges to the mining and metals sector in 2012 and into 2013. The business risk report Mining and metals 2012–2013 3 Executive summary 4 The business risk report Mining and metals 2012–2013 A more complex and extreme risk environment “The bottom line is that if returns start to wane, then there is a greater imperative for organizations to tightly and more effectively manage their risks to maintain an adequate risk/reward balance.” Mike Elliott Global Mining and Metals Leader, Ernst & Young On the surface, the top...
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...PART 1 Company Allocation Ticker symbol | Company | | GICS Sector | GICS Sub Industry | Address of Headquarters | | BEN | Franklin Resources | | Financials | Diversified Financial Services | San Mateo, California | | FCX | Freeport-McMoran Cp & Gld | | Materials | Diversified Metals & Mining | Phoenix, Arizona | | The cost of capital of the aforementioned companies will be discussed in the following questions. The companies will be referred to by their Ticker Symbols henceforth. Question 1 BEN The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities and Exchange Commission (2013) provided the company filings data whereby BEN’s Form 10q, dated 29/07/2013, showed the following (included on page 2 of this report). The book value of long-term debt is $1,252.1 million, and the book value of equity is $10,402.3 million. The schedule of outstanding debt shows that this figure includes $54.5 million of FHLB advances and $1197.6 million of Senior Notes at various effective interest rates. The notes on Stockholders Equity and Non- Redeemable Non-Controlling Interests reveal that Franklin Resources Inc Stockholders Equity totals $9779.8 million whilst the Non- Redeemable Non-Controlling Interests (previously referred to as minority interests) totals $622.5 million. FCX The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities...
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...exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification for this rating follows: a) Higher than average profitability of the industry – related to the need to provide adequate returns on large capital investments b) Threat of competitors is about on the same level as other industries – based on multiple suppliers and buyers and the prevalence of homogenous products (nonbranded) c) Inherent volatility in earnings and underlying cash flows – due to volatile pricing of commodity products and responsiveness to economic cycles d) Above average and increasing prospect of industry regulation e) Above average and uncertain political risk – industry players have to pursue operations where mineral resources are found and in many cases this would include politically unstable regions f) Below average technology risks – due to the basic nature of the materials produced and licensing production technologies and methods among players in the industry 2 The BBB rating is applicable only to industry players that do not have major weaknesses in terms of scale, diversification, cost competitiveness, and operating and financial track record. Major players in mining industry are all strong in these considerations. Consequently...
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...exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification for this rating follows: a) Higher than average profitability of the industry – related to the need to provide adequate returns on large capital investments b) Threat of competitors is about on the same level as other industries – based on multiple suppliers and buyers and the prevalence of homogenous products (nonbranded) c) Inherent volatility in earnings and underlying cash flows – due to volatile pricing of commodity products and responsiveness to economic cycles d) Above average and increasing prospect of industry regulation e) Above average and uncertain political risk – industry players have to pursue operations where mineral resources are found and in many cases this would include politically unstable regions f) Below average technology risks – due to the basic nature of the materials produced and licensing production technologies and methods among players in the industry 2 The BBB rating is applicable only to industry players that do not have major weaknesses in terms of scale, diversification, cost competitiveness, and operating and financial track record. Major players in mining industry are all strong in these considerations. Consequently...
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...AFF3841 ASSIGNMENT – LENDING DECISIONS EXECUTIVE SUMMARY: This analysis seeks to look at the organisation of Wridgways and determine whether Monash Bank should take over their debts, and incorporate them into the loan portfolio. Wridgways is a removalist company that deals in the logistics and transport industry. They are the only listed removalist company in the world and have had vast growth since their breakaway from their previous parent company TNT. The company itself has been in existence since the 1892, and its management team appears dedicated and committed to succeed. Wridgways has recently attracted large companies for business relationships, such as Rio Tinto and Coles Myer. This will add to their corporate prestige and experience. There are some issues outstanding that must be addressed with management before the loan takes place, such as the use of the funds and the reasons for undertaking expansion at a point where a more guarded policy should perhaps be taken in the light of global economic events. The company also has some publicity issues that could be rectified through a simple marketing plan – thus gaining many small, but important clients. The analysis is broken down into 4 major components: 1. Introduction (pages 2-4) 2. Broad Business Analysis (pages 5-10) 3. Credit Risk Profile (pages 11-15) 4. Financial Statement Analysis and Comparison (pages 16-19) Overall, Wridgways appears to be a very promising company with great...
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...CHINA DAILY > Soe Special China Daily China Daily PDF Olympian Olympian PDF HK Edition Business Weekly 21st Century Australian acquisition proves rich seam for SZLN By Chen Jialu (China Daily) Updated: 2009-07-07 07:56 Comments(0) PrintMail With the Australian mining industry particularly hard-hit by the international financial downturn, one enterprising Chinese business has managed to provide a lifeline for one ailing Perth-based metal mining company, whilst also establishing a bargain basement foothold in this hugely lucrative market. The deal came as Perilya Limited, a 22-year old base metal mining company, saw its market value slashed from $1billion in 2007 to a low of just $18 million when it announced its intention to seek new funding. Its value eventually rallied to $30 million, but, despite a raft of cutbacks and lay-offs, its future looked far from certain. Australian acquisition proves rich seam for SZLN Zhang Shuijian: "seeking additional foreign partners". Shenzhen Zhongjin Lingnan Nonfemet Co (SZLN), a Shenzen-headquartered State-owned mining business took the opportunity. Realizing the potential of the struggling Australian company, SZLN invested A$ 45 million (200 million yuan) into Perilya last February and acquired a 50.1 percent stake in the business. The deal marked the first time a Chinese metal company had acquired a controlling stake in an Australian mining business. Following the acquisition, SZLN is now China's largest...
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...With the Australian mining industry particularly hard-hit by the international financial downturn, one enterprising Chinese business has managed to provide a lifeline for one ailing Perth-based metal mining company, whilst also establishing a bargain basement foothold in this hugely lucrative market. The deal came as Perilya Limited, a 22-year old base metal mining company, saw its market value slashed from $1billion in 2007 to a low of just $18 million when it announced its intention to seek new funding. Its value eventually rallied to $30 million, but, despite a raft of cutbacks and lay-offs, its future looked far from certain. Australian acquisition proves rich seam for SZLN Zhang Shuijian: "seeking additional foreign partners". Shenzhen Zhongjin Lingnan Nonfemet Co (SZLN), a Shenzen-headquartered State-owned mining business took the opportunity. Realizing the potential of the struggling Australian company, SZLN invested A$ 45 million (200 million yuan) into Perilya last February and acquired a 50.1 percent stake in the business. The deal marked the first time a Chinese metal company had acquired a controlling stake in an Australian mining business. Following the acquisition, SZLN is now China's largest zinc-lead producer. The company's president, Zhang Shuijian, sees the takeover as a hugely significant for SZLN and its "going global" initiative. Zhang is very much looking to the future with his company's new acquisition. In 2010 and 2012 Perilya's existing...
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...APA 6th edition REFERENCING GUIDE Library January 2014 Foreword This guide is designed to give a clear understanding of the accepted format for the acknowledgement of sources of information in accordance with the Publication Manual of the American Psychological Association (6th ed.). Please read through the guide carefully and follow the recommendations. Any comments or queries can be discussed with your lecturer or library staff. For further reading, copies of both the APA Publication Manual and the Concise Rules of APA Style are available from the Polytechnic West libraries. Further information is also available from the APA style website at http://apastyle.org This document is open to continuous improvement. We welcome your comments and contribution. Library Polytechnic West Updated January 2014 APA Referencing Guide 6th Ed 2014 UPDATE.docx 2 Contents What is a referencing system? ................................................................................................................. 4 The APA referencing system .................................................................................................................... 4 In-text citations............................................................................................................................................ 5 Layout of in-text citations ......................................................................................................................
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