KENNETH S. CORTS JOHN R. WELLS Alusaf Hillside Project At the beginning of 1994, Alusaf was considering building the world’s largest greenfield primary aluminum smelter, a 466,000-ton-per-year facility at Richard’s Bay, a deepwater port on the east coast of South Africa’s province of Kwa-Zulu Natal. Alusaf was the sole primary aluminum producer in South Africa, operating 170,000 tpy of capacity at the existing “Bayside” facility at Richard’s Bay. Alusaf’s 1993 revenues were $220.2 million, up
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2003 KENNETH S. CORTS JOHN R. WELLS Alusaf Hillside Project At the beginning of 1994, Alusaf was considering building the world’s largest greenfield primary aluminum smelter, a 466,000-ton-per-year facility at Richard’s Bay, a deepwater port on the east coast of South Africa’s province of Kwa-Zulu Natal. Alusaf was the sole primary aluminum producer in South Africa, operating 170,000 tpy of capacity at the existing “Bayside” facility at Richard’s Bay. Alusaf’s 1993 revenues were $220.2 million, up
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MGEC 501 Levent Koçkesen The Aluminum Industry in 1994 • Aluminum smelting is a perfectly competitive industry: 157 smelters worldwide in 1993 • Traded at London Metal Exchange (LME) • Price in 1988 over $2,500 per ton • Price at beginning of 1994 about $1,100 per ton • Mainly due to the collapse of the Soviet Union and the resulting flood of aluminum into the world markets by the Commonwealth of Independent States (CIS) 1 Annual Average Primary Aluminum Price (Dollars per metric ton)
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Business MGEC 501 Levent Koçkesen The Aluminum Industry in 1994 • Aluminum smelting is a perfectly competitive industry: 157 smelters worldwide in 1993 • Traded at London Metal Exchange (LME) • Price in 1988 over $2,500 per ton • Price at beginning of 1994 about $1,100 per ton • Mainly due to the collapse of the Soviet Union and the resulting flood of aluminum into the world markets by the Commonwealth of Independent States (CIS) 1 Annual Average Primary Aluminum Price (Dollars per metric ton) 3000
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world leading energy drink. It sells more than 4, 000, 000, 000 cans all over the world. Red Bull drink incorporates ingredients like; caffeine, glucuronolactone, sucrose, B-group vitamins, glucose, and taurine. Besides, Red Bull drink is packed in aluminum cans. The company goes by the slogan “Red Bull gives you wings to fly.” The above statement instigates questions regarding the above product. For instance, many at times Red Bull has been mistaken for an alcoholic drink. It contains caffeine elements
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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
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Properties Cathy Stone Western Governor’s University Reflection: Reflect on the important scientific practices (1) Constructing Explanations and (2) Using Mathematics, Information and Computer Technology, and Computational Thinking by doing the following: 1. Define each of the two scientific practices. Typically, students have the mentally that if they memorizes the facts for any subject area, they should be able to pass any class. However, that is not the case in most academic settings
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seller to control the price. One or more of the following elements are of great importance in establishing a monopoly in a particular industry: (1) Control of a major resource necessary to produce a product, as was the case with bauxite in the pre-World War II aluminum industry. (2) Technological capabilities that allow a single firm to produce at reasonable prices all the output of a particular commodity or service, a situation sometimes described as a “natural” monopoly; (3) Exclusive
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BEIJING FOREIGN POLICY IN WEST AFRICA (Yang Jiechi Policy) Foreign Policy Article: Published by Kingsley C. Onyenankeya December 5, 2011
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Chapter 1 Analyzing Economic Problems Solutions to Review Questions 1. What is the difference between microeconomics and macroeconomics? Microeconomics studies the economic behavior of individual economic decision makers, such as a consumer, a worker, a firm, or a manager. Macroeconomics studies how an entire national economy performs, examining such topics as the aggregate levels of income and employment, the levels of interest rates and prices, the rate of inflation, and the nature of
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