...Is there a reality of workers human rights in the Zambian copper mining industry? And if so, what is the challenges non- governmental organisations face in upholding these rights? With the rapid increase in the globalisation of developing countries, the growing relationship between China and African development has been debated. ‘China is either seen as benign or malign to African development efforts’ but there is question as to whether focus should be on Chinese firms , the governments within these nations or non-governmental organisations. Some would argue that multinational enterprises (MNE’s) must adhere to some sort of “corporate responsibility”, but who do they answer to? Or do we look for accountability in a CEO of a Zambian mining company who believes that; ‘the idea of wealth in the ground anywhere in the world belonging to all citizens is a bit mushy for hardnosed business men’? In this dilemma a legitimate source of governance is required, however the challenge we face in legitimacy is ‘the participation of civil society in some fashion as well as the state’. This factor measures whether non-governmental organisations (NGO’s) can function within the global community and more importantly to this proposal, whether those NGO’s active in Zambia can be held accountable for the rights of workers in the country’s copper mining industry. Human rights watch recorded the plea of a drill operator ‘who would just have to do [his] job no matter how unsafe’ or threats of sacking...
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...Georgia State University International Business Term Paper Chile International Term Paper: Chile Country Background * Name of country: Chile * Neighboring countries: Argentina, Bolivia and Peru * Territorial size of the country: 291,930 sq. miles (756,096 km²) * Size of the population: 17.46 million (2012) * Type of political system: Unitary state, Presidential system, Democratic republic, Constitutional republic * Who is the Prime Minister, President? Sebastián Piñera * What political party is in power? Democratic * Derivation of the form of law: based on the civil law model followed by Europe and Latin America * How would you classify its economic system? Most efficient economic system in Latin America * What are the GNI and the GNI per capita PPP? * GNI: 372.1 billion PPP dollars (2012) * GNI per capita PPP: 21,310 PPP dollars (2012) * Major Natural Resources: copper, timber, iron ore, nitrates, precious metals, molybdenum, hydropower * What major products are exported and to which countries? * Export- Agricultural, Mining and Industrial goods. (U.S, Japan, China and others) * What are the major imports and from which countries? * Import- Petroleum oils, refined & crude and Cars. (US, China, Argentina…) * Member of what economic integration organizations: Andean Community (CAN), Asia-Pacific Economic Cooperation (APEC) and Agency for the Prohibition of Nuclear...
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... | |Buy Recommendation | |Bucyrus International | | | |Musa Harb | |3/15/2010 | |FIN 573 | Contents Executive Summery 4 Business Overview 4 Introduction 4 Industry Analysis – Mining Industry 4 Industry Segments 5 Surface Mining 5 Underground Mining 6 Aftermarket 6 Industry Cycle 7 Industry Competition 7 Coal 7 Iron 9 Copper 9 Oil Sands 9 Mining Industry Historical Trends & Prospect 10 Business Description 11 Surface Mining Segment 11 Surface Mining Products 13 Production and Distribution 14 Suppliers & Raw Materials 15 Research & Development 15 Underground Mining Segment 15 Underground Mining Products 17 ...
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...Agarwal, executive chairman of the Vedanta Group, is second time lucky, as he has managed to convince shareholders to approve the merger of Sesa Goa Ltd and Sterlite Industries India Ltd, two group companies. The new entity, Sesa-Sterlite, with a market capitalisation of Rs 1,24,000 crore, will be in top 10 Indian companies. | | | | | In a court-convened meeting on June 19, the shareholders of Sesa Goa voted in favour of the merger of the two companies. In an announcement to the stock exchanges on Monday, Sesa Goa said the shareholders had given their nod to the merger. “Of the members present and validly voting, 91.7 per cent in numbers representing 79.12 per cent of votes in value voted in favour of the resolution approving the scheme.” REATING A GIANT Vedanta said it is simplifying its business by merging its Indian subsidiaries | How the Sesa-Sterlite merged entity stacks up among India’s largest companies | Companies | M-Cap (in Rs crore) | TCS | 2,37,927.02 | Reliance Ind | 2,34,273.32 | ONGC | 2,33,521.83 | Coal India | 2,12,735.00 | ITC | 1,95,499.09 | SBI | 1,41,918.25 | Infosys | 1,41,742.53 | HDFC Bank | 1,26,455.22 | NTPC | 1,25,578.36 | Sesa-Sterlite* | 1,24,000.00 | Bharti Airtel | 1,17,229.44 | * Merged entity | Also, shareholders of Sterlite Industries voted in favour of the merger on June 21 in Tuticorin. Sterlite said that 92 per cent of the total value of votes were in favour of the merger. Timeline | August...
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...mineral resources include chromite, dolomite, zinc, limestone, gypsum, silica, copper, gold, cobalt and iron, to name but a few. Several industries have grown up around them as part of the national development process which, in turn, have boosted the minerals sector’s contribution to the nation’s GDP as well as providing jobs for Omanis. Picture illustrate : 1) Chalcedony 2) Massive chalcopyrite 3) Marblized calacite 4) Albite feldspar 5) Specular hematite 6) Pyrite crystals Copper has been mined in Oman for thousands of years. The mineral sector’s operations include mining and quarrying. Several projects have recently been completed including: an economic feasibility study on silica ore in Wadi Buwa and Abutan in the Wusta Region, which confirmed that there were exploitable reserves of around 28 million tonnes at the two sites; a feasibility study on the production of magnesium metal from dolomite ore; a draft study on processing limestone derivatives; a project to produce geological maps of the Sharqiyah Region (Ibra); economic feasibility studies on the exploitation of gold and copper ores in the Ghaizeen area; a study on raw materials in the wilayats of Duqm and Sur for use in the Sultanate’s cement industry; and a study on the construction of a new minerals laboratory in Ghala in the Governorate of Muscat The sultanate produces copper, chromite, gold, and silver. Oman's main copper reserves are in the Suhar area on the Al Batinah coast. The processing of ore...
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...Captivated by the gastronomic delights of the North West Frontier province and Northern India, Mr. Jagdish Kapur – a prominent Bollywood filmmaker and food connoisseur, introduced a distinctive and exquisite culinary offering like never before to India. With this, he founded and began the journey that is today Copper Chimney with the first outlet in Worli, Mumbai, in the year 1972. Today, four decades later, Copper Chimney's rich heritage has spread across the country and gained international acclaim. Revered by food enthusiasts from across the globe, we have become a culinary landmark synonymous with authentic and flavourful cuisine as we continue to set new industry standards with our delicious food and cordial hospitality. OUR VISIONARY Late Mr. Jagdish Kapur with Mr. Sunil Kapur Mr. Sunil Kapur – the chairman and visionary behind the Copper Chimney group's expansion, is a pioneer in the food and beverage industry in India. Under his stewardship, his son Varun and a team of highly experienced professionals continue Copper Chimney's award winning legacy. As a founder promoter of Blue Foods, a leading player in the organized retail restaurant business, Mr. Sunil Kapur has been instrumental in introducing food and beverage concept innovations. He has successfully steered the organizations he leads to become major players in the sector and is...
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...volatility through a case study of Barrick Gold. We will also examine the impact of tightening margins on the capital expenditure decisions of this company. Part 1: Cost Inflation Cost inflation in the mining industry has been driven by increases in both Operational expenses and Capital expenditures. Operational expenses have been driven by three factors 1) Wage Increases 2) Energy Costs and 3) Supply cost increases. Wages in this industry have increased dramatically over the past 10 years and the Canadian mining industry now boasts the highest wages of all industrial sectors in Canada. The average weekly pay for a mining worker in 2011 was $1,436, which surpassed the earnings of workers in forestry, manufacturing, finance and construction by 47%, 46%, 35% and 32% respectively (DELOITTE REPORT) Source: Mining Association of Canada – 2012 Facts & Figures Report http://www.mining.ca/www/media_lib/MAC_Documents/Publications/2013/Facts%20and%20Figures/FactsandFigures2012Eng.pdf Source: Mining Association of Canada – 2012 Facts & Figures Report http://www.mining.ca/www/media_lib/MAC_Documents/Publications/2013/Facts%20and%20Figures/FactsandFigures2012Eng.pdf Wage inflation is a function of a variety of factors. The first is that the industry is increasingly seeking workers with specialized...
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...Group Assignment: BHP BILLITON International Business Theory & Practice (MGF 5966) Lecturer/Tutor Mr. Sharif Rasel Name & ID Junaidul Haque – 263 512 50 Dalaphone Phengrattanavong – 266 785 94 Girish Balar – 274 718 53 Maike Nan – 263 994 90 Due Date – Week 11 Introduction BHP Billiton, which is Broken Hill Proprietary Billiton, is an Anglo-Australian multinational mining and petroleum company. BHP started its operation in Melbourne in 1885 which is one of Australia’s largest and oldest companies, and it focused on development, discovery, production, and marketing of natural resources. In value-added flat steel products, BHP was also a market leader. In 1860, Billiton was established in The Hague, Netherlands. Billiton developed a growing and substantial copper portfolio. It was also a global leader in the metals and mining sector, and a major producer of aluminum and alumina, steaming coal, nickel, and titanium, chrome and manganese ores and alloys. BHP Ltd of Australia and Billion Plc of UK established merger in 2001, and the result was the dual listed company (DLC). BHP Billion becomes one of the world’s largest mining and Petroleum Company. It expands its business in twenty countries, and its major commodities are iron ore, metallurgical coal, energy coal, conventional and unconventional oil and gas, copper, aluminum, manganese, uranium, nickel, and silver. This essay will deeply analysis the effects of BHP Billiton’s sustainability practice...
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...A PROJECT REPORT ON COPPER: THE BROWN GOLD Submitted to the Mumbai University in partial fulfillment of the requirement for the award of M.M.S. Degree GUIDE MR. SANJIV BARVE by SURESH CHANDRAN MMS - FINANCE ATHARVA INSTITUTE OF MANAGEMENT STUDIES MALAD-MARVE ROAD, MALAD (WEST), MUMBAI 400095 BATCH 2006-2008 CERTIFICATE This is to certify that the project entitled “COPPER: THE BROWN GOLD” is the bonafide work carried out by Mr. Suresh Chandran, student of M.M.S. Batch 2006-2008, Atharva Institute of Management Studies, during the year 2007-2008 in partial fulfillment of the requirements for the Post Graduate Degree of Master of Management Studies and that the project has not formed the basis for the award of any other degree, associate-ship, fellowship or any other similar titles. Sd/- Mr. Sanjiv Barve Project Guide & Faculty Member Atharva Institute of Management Studies Date: Place: ACKNOWLEDGEMENT I would like to take this opportunity to express my sincere and heart-felt gratitude towards my institute, Atharva Institute of Management studies for giving me this wonderful experience to guide my first steps into a Career in Finance. I express my appreciation towards our Dean, Mr. N. S. Rajan, who believed in me and provided me with a great learning canvass to expand my perspectives and learning horizons. I offer my sincerest thanks to my eternal academic guiding star, Mr. Sanjiv Barve, my project guide for his immense help. His guidance...
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...Barrack Gold Corporation Introduction The following essay focuses on the mining conglomerate Barrick Gold Corporation. Barrick owns gold and copper mines across Australia, Africa, and the Americas and these geographical locations provide the focus of the essay’s Macroenviromental analysis. The gold is sold to various gold bullion dealers at market prices whereas copper is sold to copper product manufacturers and copper traders in Europe, North America, South America and Asia (BarrickResponsibilty, 2013). Barrick’s Macroenviroment According to Kotler et al. (2011) a company and all of the other actors operate in a larger macroenviroment of forces that shape opportunities and pose threats to a company such as Barrick. Jobber and Ellis-Chadwick (2013) further imply that it is these actors and forces that affect the mining company’s capability to operate effectively in providing products and services to its customers. Its external environment is characterized by elements that do not have an immediate impact on its performance albeit their impact being felt over the long term. There are those that can influence the company marketing activities without management being able to control them hence the need to continuously monitor them or risk going out of business (Wilson, 2006). The framework that best discusses these elements is the PESTLE Analysis as it provides the strategic planning and environmental analysis that can be useful for Barrick to improve performance and ensure its...
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...mineral wealth, the mining industry can be a key driver of economic growth. However, the industry is hounded by various issues and challenges. These include the social and environmental costs, a revenue sharing agreement that is seen as unfair and inequitable, the overlapping and weak enforcement of mining laws, and other problems relating to the mining sector. Unless these are addressed through a clear, consistent and competitive mining policy, the sector’s huge potential to bring economic benefits will unlikely be realized. The SEPO Policy Brief, a publication of the Senate Economic Planning Office, provides analysis and discussion on important socioeconomic issues as inputs to the work of Senators and Senate Officials. The SEPO Policy Brief is also available at www.senate.gov.ph. Introduction The mining industry has a great potential to be a key growth sector in the Philippines given the country’s vast and rich mineral resource deposits. Mining can spur economic growth and generate employment opportunities in local communities as mining companies invest in infrastructure, utilities and other facilities within the mining sites. It can likewise contribute to the country's foreign-exchange earnings through exports and bring much needed revenues to the government through taxes and fees paid on mining and other related activities. It appears though that the Philippine mining industry has not lived up to its potential. Critics have argued that the industry has had negligible contribution...
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...Explain comparative advantage, absolute advantage and explain what that has to do with today’s economy. A country has an absolute advantage in the production of a good relative to another country if it can produce the good at lower cost or with higher productivity. Absolute advantage compares industry productivities across countries. In the case of Zambia, for instance, the country has an absolute advantage over many countries in the production of copper. This occurs because of the existence of reserves of copper ore or bauxite. We can see that in terms of the production of goods, there are obvious gains from specialization and trade, if Zambia produces copper and exports it to those countries that specialize in the production of other goods or services. It is easy to see that if countries have an absolute advantage there are advantages to trade. However, what happens if one country has an absolute advantage over its trading partners in the production of a number of goods. Specialization and trade can still result in there being welfare gains made from trade. A country has a comparative advantage in the production of a good or service that it produces at a lower opportunity cost than its trading partners. The opportunity cost of a good is the quantity of other goods sacrificed to make another unit of that good. Some countries have an absolute advantage in the production of many goods relative to their trading partners. Some have an absolute disadvantage....
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...Technology Development and Competitive Advantage: Sustainable or Short Term? By John O. Marsden Phelps Dodge Mining Company, Phoenix, AZ Technology development has played a crucial role in the minerals industry throughout history. The development of new technology allows mankind to produce metals and minerals at progressively lower cost of production in real terms, and therefore at progressively lower prices, improving their availability, accessibility and utilization worldwide. However, the developers of such technology are not guaranteed to reap the benefits from this effort: There is an expectation that technology developers will gain an advantage over their competitors. Is this a short-term benefit that results from a temporary cost or efficiency improvement, or is it a sustainable longer term “edge” that prevails even after metal or mineral price has been eroded by the implementation of a major step change technology? This issue is examined by reference to several case study examples in the copper industry. modity producers to gain a cost advantage over their competitors, at least for a period of time. The more sustainable and longer term, the greater the competitive edge achieved. Technology development is costly and, in general, the greater the potential benefit, the higher the cost. The commercial implementation of new technology is inherently risky — the technology has not been applied before and must be proven over time. The risk must be managed, and this involves additional...
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...A COMPREHENSIVE PROJECT REPORT On Effectiveness of Marine Logistics Submitted to S.R. LUTHRA INSTITUTE OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In Gujarat Technological University UNDER THE GUIDANCE OF Faculty Guide: Company Guide: Ms. Parinaz Todiwala Mr.Pravin Dixit Assistant Professor MD (Kshitij Marine Services Pvt. Ltd.) Submitted by Ms. Harshita Kakar [Batch No. 2011-13, Enrollment No. 118050592001] Ms. Nupur Mishra[Batch No. 2011-13, Enrollment No. 118050592005 ] MBA SEMESTER III S.R. LUTHRA INSTITUTE OF MANAGEMENT - 805 MBA PROGRAMME Affiliated to Gujarat Technological University Ahmedabad December, 2012 Company Certificate (For Sem. 3) (On Company Letterhead) This is certified that Ms. Harshita Kakar and Ms. Nupur Mishra from S.R. LUTHRA INSTITUTE OF MANAGEMENT, are carrying out the research on the subject titled “ ” at this company / organisation under the supervision of Mr. Pravin Dixit, from Sep, 2012 to Dec, 2012. I also certify that, the above mentioned students have carried the research work satisfactorily. Place: - Surat Date: - _________ ( to be announced later on) ________________ (Name & Designation) Students’ Declaration We, Ms. Harshita Kakar &...
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...and cable industry, market players said. Power sector and industrial units are the two major consumers of the locally produced cables followed by households. “We are facing a shortage of adequate buyers, particularly with power and industrial ones,” said Fardaws Alam, chief financial officer of Poly Cables, one of the fastest growing cable manufacturers in the country. “Our sales came down by around 60 percent in the January-April period of this year compared to the same period last year,” said Azizur Rahman, chairman of Aziz Cables. Rahman blamed this downtrend on the negative impacts of the global financial crisis. “We are still doing good in power cable sales because we have some supply contracts in our hands,” said Mohammad Enamullah, business development manager of Paradise Cables, one of the largest wire and cable makers in the country. Now the global and domestic gloomy economic situation is a cause for concern for us, he added. Bangladesh had to depend on imported cables until the late 1980s. But the situation has started changing rapidly since 1990s when a good number of companies entered the market, industry people said. Now around 50 companies are engaged in wire and cable manufacturing and meeting the rising domestic demand. Of those companies, BRB, Paradise and Eastern are the major players followed by Poly and Sun Shine. Local manufacturers import copper, which is the main raw material for making wire and cables. Price of copper on international...
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