Contents Introduction 1 Financial Statements 3 Income Statements 3 Cash Flow Statement 4 Balance Sheet 5 Notes to the financial statements 8 Independent Audit Report 9 Newspaper Article 10 References 12 Introduction Rio Tinto is a multinational company that deals with mineral and metal mining, refining, processing, and marketing. Founded in 1873, this Australian-British company has grown into one of world’s leading mining and Metals Company, dealing in aluminium, copper, diamonds, coal, and iron ore. Refining of bauxite and iron ore are also part of its operations. The transformed metals and minerals give Rio Tinto access to markets across a diverse economic development spectrum, and exposure in varied sectors, including …show more content…
Similarly, Canada, Australia and Europe are important production locations for aluminium with key sales destinations being Asia, Americas, and Europe. Rio Tinto also deals with copper, diamonds, and other by-products including silver, molybdenum, and other such as sulphuric acid, rhenium, lead carbonate, and selenium. Australia, Chile, Mongolia, North America and Indonesia are the key production locations for copper and diamond, while Australia, China, India, Japan, North America and Europe are the key sales destinations. Rio Tinto focuses on superior cash generation through the following steps: a) Portfolio: Ranging from the iron ore business in Pilbara to bauxite ore reserves in Queensland, the company owns assets over a diverse portfolio that ensure regular cash generation throughout the cycle over the long term. b) Performance: Safety of operations is at the core of the company’s strategy to deliver value from mine to the market. To gain low-risk incremental returns and to save costs across the supply chain, technology and innovation have been used extensively. c) People: Centres of excellence have been established to focus on the human talent as means to strengthen the technical and commercial …show more content…
Narelle Hooper (23 June 2016). "Rio Tinto sets its sights on North Ltd". Radio National. Australian Broadcasting Corporation. Mark Drummond (16 June 2004). "Fortescue tries to prise open access to Pilbara railway line". The Sydney Morning Herald. Tanya Nolan (4 August 2000). "Rio Tinto's bid given the nod by ACCC". Radio National. Australian Broadcasting Corporation. Retrieved 10 November 2008. Jump up^ "Rio Tinto Completes Acquisition of North Limited". Business Wire. findarticles.com. 10 October 2000. Retrieved 10 November 2008. "Rio Tinto Completes Acquisition of 100% of Alcan". Rio Tinto. 2007. Wu, Zijing; Campbell, Matthew; Paton, James (6 October 2014). "Rio Tinto Rejected Takeover Approach From Glencore". Bloomberg News. "Rio Tinto, Alcan reach US$38.1-billion merger deal". CTV.ca. 2007. Archived from the original on 14 July 2007. Rio Tinto iron ore sales team arrested in China Sydney Morning Herald – Business
Mr Clifford is a Director of Bechtel Group Inc. and Chairman of Bechtel Australia Pty Ltd, the Murdoch Childrens Research Institute and the National Gallery of Victoria Foundation. Mr Clifford was Chief Executive of Rio Tinto from 2000 to
China remains the driver of the iron ore and steel industry. With China recently switching
OZ Minerals Limited (ASX code: OZL) is a modern mining company based in Australia where their main focus are on copper. They own the Carrapateena and Prominent Hill copper-gold mine, both situated in South Australia. OZL has a weightage of 0.08% in the market. OZL and its wholly-owned Australian controlled entities are part of a tax consolidated group where OZL is the head of the tax consolidated group.
The focus for Telstra going global is important for them because they are able to provide services all over the world and satisfy customers in every way they can possible. Telstra used the foreign market entry strategy of Partnering with OTC to go International and succeed long term with a company that understands the culture within which the market operates. Partnering with a company to go global is an ideal strategy when it comes to culture, business and social networks. A benefit made by partnering with OTC was, being able to work together in the same environment and also proved to be a sophisticated strategic alliance for
Bauxite is the world's main source of aluminium, and guyana is one of the main bauxite producers of the world. Commercial bauxite mining began in 1916 when the demerara bauxite company was established A scottish geologist, George bain mackenzie bought lands for minding on the eastern bank of the demerara river. Commercial bauxite mining began in 1916 when the demerara bauxite company was established. In january 2006, Rusal; America's largest aluminum company that is based in Russia, reached an agreement with the government of guyana to purchase 90 percent of the Aroaima mining Company. In 2007 Bosai minerals group of China, bid $60 million dollars in an auction against Omai Bauxite mining from canada to acquire bauxite mines in
BHP Billion, a merging cooperation of BHP and Billion in 2010 (BHP Billiton, 2011), is a world leading company in mining and resource exploiting. According to ASX data, BHP Billion has the largest business scales in the Australian market, AU$166 billion of market capital and AU$71 billion of annual operating revenue in FY13 (Australian Securities Exchange, 2014). Over 128,800 employees and contractors work in 26 countries worldwide to create value for their shareholders (BHPB Annual Report, 2013). The core business has been classified into five units: petroleum, copper, iron ore, coal and aluminum, making 20%, 18%, 17%, 31% and 14% respectively in the revenue of FY13. It can be seen from Graph 1 that although iron ore was not the segment with the largest assets, it still returned with the largest revenue and highest ROA rate in 2013. The following paragraphs will focus on the strategy analysis on the segment of iron ore and how it can conquer possible threats
The 2001-2002 failed Caxtalene joint venture negotiations between CLQ and Wyoff provide important lessons on how to avoid failure in the current negotiations over the proposed AD/CE JV at CLQ’s Rizhao complex. In the Caxtalene negotiations there were critical substantive differences which prevented the parties from even reaching a preliminary agreement on ownership structure. Wyoff and CLQ were at polar opposites on both the equity split and the terms of technology transfer, with Wyoff demanding 80% and CLQ not prepared to go over 50%, Wyoff anxious to limit any substantive technology transfer and wanted to charge a substantial licensing fee for any technology that was transferred and CLQ expecting a free transfer of technology as part of the JV agreement.
Midwest Copper Mining’s (MCM) biggest problem they are facing is that of sustaining supportable profit growth, as the undercurrents of the copper mining industry are changing. In particular, they need to figure out how they are going to increase their capacity to meet demands globally. They also need to figure out how to do this without disrupting the current culture of the business. They have been very successful and have created process and procedures that have kept them sustainable over the years. With the changing of the copper industry, MCM needs to re-evaluate their business strategy, make changes as necessary, in order to continue to be a successful company that is both a cost-leader and a differentiator.
This standard points of interest the necessities for Rio Tinto Group organizations to actualize an
The research paper reviews the situation of the two Brazilian companies Gaucho, S.A (“Gaucho”) and Vaqueiro, S.A. (“Vaqueiro”.) The paper addresses three questions:
The company’s total assets increased by about 2.5 million dollars in just one of year of operation. The Nature of Business footnote explains Pinnacle’s financial affiliations and what action the company took to make it to this point as a strong finance driven business. Nature of Business specifically deals with the direction the company goes for itself.
Rio tinto is a renowned mining company which has been in existence for over 140 years. The market share of Rio Tinto is 14.2 per cent and operates in over 40 countries around the world with the main headquarters situated in the United Kingdom. Production at Rio Tinto includes minerals such as iron ore, diamonds, copper, aluminium, energy and the list goes on (Finch, C 2014). The operations that are conducted at Rio Tinto tend to have an impact on the environment; therefore, it is necessary for Rio Tinto to disclose their sustainability procedures through a multi perspective strategic performance measurement system (SPMS). The multi perspective strategic performance measurement system (SPMS), as mentioned above, consists of a balance scorecard
Rio Tinto has implemented risk analysis and management process which has been categorized into classes, one through four, four needing immediate attention. The risk analysis and management must consider the accompanying five sorts of monetary outcomes capital expenditure, schedule, operating cost, production volumes, and revenue. It likewise incorporates the outcomes of health impacts, environmental impacts, community impacts, compliance impacts, and business reputation. (Center for Climate and Energy Solutions 85). However, in order for the race to the bottom to occur four prerequisites must be met: homogeneity of products, transaction costs, sunk costs and regulatory differentials. Homogeneity of products is depicted as goods and services that are same or comparable in nature. Since goods are homogenous, firms feel committed to vie for any relative point of interest that they can increase their opposition. The more homogeneous the product in any industry the further we would expect to see competition (Spar and Yoffie 155). Another factor is transaction costs, the more difficult and time consuming a relocation will be the less likely it will occur. The stickiness is the resistance of a cost to change, in spite of changes in the more extensive economy recommendation of an alternate cost
The employees are also exposed to build and maintain strong partnerships via value chain. This will aid the workforce to maximize value from assets and to explore new opportunity. This is listed down under the strategy focus of 4P’s (portfolio, performance, people and partners). (Performance with purpose, 2017). The appointment of two executives on the management team had boosted the performance of employees and partnership capabilities. This had been done under the leadership of Chief Executive J-S Jacques. Moreover, cost reduction and also improvisation on effectiveness done by Hugo Bague, Rio Tinto Executive Committee member so that company can increase the capacity on financial
Telstra under Sol Trujillo’s leadership continued to make headlines in Australian media as Trujillo was expecting to pay himself up to $17 million for the financial year of 2007/2008 although 66 percent of shareholders voted against the new executive pay structure it went ahead as the votes were non-binding. Furthermore, Telstra was facing a lawsuit because s shareholders were not informed about Telstra’s decline in revenue of $1.2 billion for its fixed-line phone business from 2005-2008. Telstra settled the law suit for $300 million before further proceedings (Moran, 2007).