Rio Tinto Essay

496 Words1 Page
bulb-icon

Recommended: Rio Tinto case study

Rio Tinto is a multi-listed company (ASX:RIO, LSE:RIO,NYSE:RIO) ,after 140 years operation which through a long series of mergers and acquisitions to put itself as world 2nd largest leading mining company, the business range is finding, mining, and processing mineral resources. also it is one of the top three iron ore giants, which totally control more than 80% of the iron-ore export market in the world.[ ] The production of Rio Tinto are many commodities which includes Iron Ore, copper, aluminum, coal and diamonds. The subsidiaries are around the world which included United Kingdom, Australia, Papua New Guinea, United States, Brazil and Canada etc.[ ] In 2014, the revenue is USD 47.664 billion, Profit is USD 6.499billion.

In Western Australia (WA), Rio Tinto started in the Pilbara at 1966 and after serval year invest and purchase, now it has 14 active of 15 iron …show more content…

Recent history and the concept of evolution “Mine of the Future”

Launched in 2008, the ecomagination program of "mine of the future" is designed to respond rapidly to changes in demand, which co-operation with General Electric, the next-generation technologies will deliver better efficiency, lower production costs and improve working place health & safety and environmental performance.

The strategic intent is remaining competitive and improve labor productivity. Tom Albanese, Rio's London chief executive says, is why Rio is pressing ahead with this project [ ] "As I go through the document, I see lots of technologies that unfortunately look similar to the technologies we use today, While we use bigger pieces of equipment, in many ways the mining processes haven't actually changed that much, to some extent over the centuries."

Through technology to translate the vision into reality, based on the Disruptive Technologies which McKinsey Global Institute paper described "in terms of potential economic impact and capacity to disrupt, because we believe these effects go hand-in-hand" [

Show More
Related

  • Guillermo Camarena Essay

    372 Words  | 1 Pages

    Guillermo González Camarena was a Mexican electrical engineer who was the inventor of a color-wheel type of color television, and who also introduced color television to Mexico,

    Read More

  • Rio Bravo Sparknotes

    821 Words  | 2 Pages

    Rio Bravo, staring John Wayne, Dean Martin, and Ricky Nelson to name a few, was released in 1959 and is the perfect example of a classic American Western genre film. The film blends American political and gender role ideologies with the classic genre conventions of a Western help Rio Bravo to deliver its somewhat understated message.

    Read More

  • Jose De San Martin Essay

    686 Words  | 2 Pages

    Jose de San Martin was an Argentine liberator in South America. San Martin was considered one of the principal fighters against royalist forces in South America. He was considered a master in military strategy. This skill alone would lead him to success against the royalist forces. Jose de San Martin was born on February 28, 1778 in the viceroyalty of Rio de la Plata’. He started his career in the military as an infantryman in the Murcia regiment in southeast Spain. Although a Spaniard, between 1808 and 1811 he fought against the forces of Napoleon because of his dislike of the monarchy and the colonial system. In 1811 he resigned from the Spanish Army he sailed to Buenos Aires where he became a member of the revolutionary regime. In this new

    Read More

  • Bogotazo Essay

    1622 Words  | 4 Pages

    April 9, 1948, was a tragic day in Colombia’s history. On this day, Jorge Eliécer Gaítán, a candidate for the presidency of Colombia, was assassinated. In the 10 hour period that followed the assassination, angry mobs marched throughout the city of Bogota, looting and burning down over 100 buildings. Before the night would end, nearly 3,000 people would die in the streets. This terrible event in Colombia’s history is today referred to as the Bogotazo. This paper examines some of the underlying reasons contributing to the outbreak of this violence and the events that transpired during the Bogotazo. The paper concludes that the events leading to the violence of the Bogotazo are still present in Colombia today and will hamper its prospects for peace in the future.

    Read More

  • Bolivia Essay

    786 Words  | 2 Pages

    BOLIVIAN PARADISE Bolivia is an amazing country that is breathtaking and is similar to a paradise. Bolivia is an interesting country that practices an interesting style of living. Locals always have plenty to do. They can go out for pizza, go see movies, or simply sit and talk.

    Read More

  • Rafael Trujillo Essay

    423 Words  | 1 Pages

    Racism has resided within the Dominican Republic for centuries after the defeat of the Haitian Empire. Yet, the profuse racism came from the Presidency of Rafael Trujillo. Rafael Trujillo yearned to withhold the prevalence of white skin-tone in Dominican individuals. Trujillo initiated an anti-Haitian regime as he was determined to whiten his country. To present himself as a white Dominican, Trujillo wore makeup to lighten his appearance, to uphold his standards. Yet, the horrific, defining moment of his presidency was the Parsley Massacre. Trujillo started the massacre in 1937, as he sought to deceive his people by claiming the Haitians were practicing witchety, while claiming they kept a Dominican opponent in hiding. Dominican troops slaughtered

    Read More

  • Colombia Essay

    2502 Words  | 6 Pages

    The subsoil is likewise a source of riches. An example of this is the world’s largest open cast coalmine, located on the peninsula of La Guajira, which pro...

    Read More

  • Panama Essay

    3335 Words  | 7 Pages

    Panama is the southernmost country of Central America. It sits on the isthmus connecting north and South America. Panama remains bordered by Costa Rica to the west. Colombia is to the southeast. The Caribbean is to the north and the Pacific Ocean to the south. Panama City is the capital of Panama. Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821.Panama has the third largest economy in Central America and it is the fastest growing economy and the largest per capita consumer in Central America. In 2013, Panama ranked fourth in Latin American countries in terms of the Human Development Index, and is ranked 59th in the world. Studies in 2010 show that Panama remains as the second most competitive economy in Latin America. Panama’s jungle is home to an abundance of tropical plants, animals, and birds and some of them found nowhere else in the world.

    Read More

  • Maquiladoras Essay

    453 Words  | 1 Pages

    A maquiladoras (also known as maquilas) is a corporation which operates under the Boarder Industrial Program (BIP) that began in 1965. Maquilas are approved by the Mexican Secretariat of Commerce and Industrial Department attracting corporations owned and operated by Mexican, American, and Asian companies. The BIP, a form of neoliberalism, allows up to 100 percent foreign involvement in terms of capital investment in and management of the companies, as well as duty-free imports of machinery, equipment, raw materials, parts, safety items, and administrative materials provided that the goods do not remain in Mexico permanently (Buitelaar and Pérez 2000). Narrowly defined, neoliberalism is used to describe specific policies marked by a change from “Keynesian welfarism” to a political agenda favoring the relatively autonomous operation of markets (Larner 2000). More broadly, neoliberalism signifies a rationality of governance that encompasses extending and disseminating market values to all institutions and social action (Brown 2003).

    Read More

  • Grito De Dolores Essay

    575 Words  | 2 Pages

    Many countries have the pleasure of celebrating Independence Days. These historic holidays are filled with nationalistic celebrations and delicious traditional food. In Chile, the natives celebrate their break from Spain with Fiestas Patrias. In Mexico, the president begins the celebration by ringing a bell and reciting the “Grito de Dolores” and he ends his speech by saying “Viva Mexico” three times.

    Read More

  • Cuba Essay

    1974 Words  | 4 Pages

    The Republic of Cuba, as it is officially named, is a little country located in the Caribbean. Cuba is the greatest island in the Caribbean and it has over 11 million native habitants, making it be the second most populated after Hispaniola. Even though the capital of Cuba is Havana, its biggest city, the main island of it is Isla de la Juventud. Cuba also has a few of archipelagos and the second greatest city is Santiago de Cuba. The island is as close to The United States as 93 miles away and from Mexico as 130 miles away. In addition there are many countries close to the island like Jamaica, Haiti, the Dominican Republic and the Bahamas, just to name a few. In addition, Cuba is a beautiful

    Read More

  • San Miguel Essay

    532 Words  | 2 Pages

    SAN MIGULE ARCANGEL The San Miguel Arcangel is unique among the twenty one Spanish missions of California. San Miguel Arcangel was the sixteen of twenty one missions and there by shorten the long distance between the San Antoino and San Luis Obispo missions. In 1806, many of the mission building and all of the supplies destroyed by fire. Mission San Miguel Arcangel is named after Saint Michael the Archargel.

    Read More

  • Mining Pollution Debate Summary

    1513 Words  | 4 Pages

    Though it has had many negative impacts on the environment in the past, mining is a vital industry completely necessary to our economy and lives. Nearly every item we use or encounter in our day to day lives is mined or contains mined products. Without the excavation of such materials things like computers, televisions, large building structures, electricity, and cars would not be possible. Virtually every technological and medical advance uses minded materials, without which millions would suffer. Some examples of minerals in the home include the telephone which is made from as many as 42 different minerals, including aluminum, beryllium, coal, copper, gold, iron, silver, and talc. A television requires over 35 different minerals, and more than 30 minerals are needed to make a single personal computer. Without boron, copper, gold and quartz, your digital alarm clock would not work. Every American uses an average 47,000 pounds of newly mined materials each year, which is higher than all other countries with the exception of Japan, which is a staggering figure representative of our dependence and need for mined minerals. Coal makes up more than half of nation’s electricity, and will continue to be the largest electrical supplier into 2020 & accounting for some 95 percent of the nation's fossil energy reserves – nine of every ten short-tons of coal mined in the United States is used for electricity generation. As the population of the world grows more mineral resources must be exploited through mining in order to support the rising demand for such products. Though it may present a hazard to the environment and those physically located nears the mines, the materials extracted from mines...

    Read More

  • Rio Tinto's Business Strategy and SWOT Analysis

    2734 Words  | 6 Pages

    Rio Tinto has the people, the capabilities and the resources to apply a world’s hunger for minerals and metals that are used in the everyday life, in the diverse of products – for the mobile phones to cars.

    Read More

  • Rio Tinto Plc Strengths And Weaknesses

    1488 Words  | 3 Pages

    Rio Tinto is a locally owned public company, deriving revenue from mineral exploration, production and processing. The company’s main areas of production are in Europe, Africa, Australia, Asia, and North and South America. In 2016 Rio Tinto Plc had 46807 employees in Australia including employees from all subsidiaries under the company’s control (IBISWorld Company Report, Rio Tinto Plc December 2017). Rio Tinto’s operating segments are divided into five operating divisions; these are Iron ore, Aluminium, Copper and diamonds, Energy and Minerals and other operations. Rio Tinto Plc ranked number 3 of the top 2000 companies listed on the Australian Stock Exchange (ASX). This assignment will identify the strength and weaknesses of Rio Tinto’s financial policies and the challenges Rio Tinto pursuit of the company’s goals and values and with the use of principles of finance

    Read More

More about Rio Tinto Essay

Open Document