THE EFFECTS OF RISING OIL PRICES PER BARREL ON THE OPERATIONS AND FUNCTIONING OF THE MINING INDUSTRY IN ZIMBABWE
THE EFFECTS OF RISING OIL PRICES PER BARREL ON THE OPERATIONS AND FUNCTIONING OF THE MINING INDUSTRY IN
Research Proposal
Candidate:
Faculty: Economics and Administrative Sciences
Instructor:
Cyprus International University, Haspolat, Lefcosa, Turkish Republic of Northern Cyprus.
Aim: The aim of this study is to investigate whether or not an increase in the price charged for oil per barrel will have an impact on the overall functioning of the mining industry and the operations carried out there.
Hypothesis: There is a strong relationship between rising oil prices and the functioning and operations of the mining industry and the nature of this relationship, is most likely to impact the mining industry in a negative way.
Definitions
Price of Oil per Barrel- This is the amount of money charged for a single barrel of oil on the global market and is expressed in terms of a certain amount. For example, the price of oil in January 2012 was US $90 per barrel.
Oil- This definition refers to crude oil, which is naturally occurring unrefined petroleum product, composed of hydrogen deposits. Mining Industry- This term commonly includes such functions as exploration, mining, separation, hydrometallurgy, (treatment or separation of metals from ores or concentrates) and smelting and refining, even though these are not actually mining operations.
Mining Company - This refers to a company that owns and manages mines, (i.e., excavations in the earth for extracting minerals) and sells these minerals for the purpose of making a profit.
1. Introduction
In today’s continually evolving global environment, it has become of paramount importance that companies, businesses as well as manufacturers of all sorts and sizes, continue to be creative, productive and sell as many of their goods or services as they possibly can and consistently make profits to ensure their survival. A key determinant of this ability to ensure their survival is the price of oil per barrel
Research Proposal
Candidate:
Faculty: Economics and Administrative Sciences
Instructor:
Cyprus International University, Haspolat, Lefcosa, Turkish Republic of Northern Cyprus.
Aim: The aim of this study is to investigate whether or not an increase in the price charged for oil per barrel will have an impact on the overall functioning of the mining industry and the operations carried out there.
Hypothesis: There is a strong relationship between rising oil prices and the functioning and operations of the mining industry and the nature of this relationship, is most likely to impact the mining industry in a negative way.
Definitions
Price of Oil per Barrel- This is the amount of money charged for a single barrel of oil on the global market and is expressed in terms of a certain amount. For example, the price of oil in January 2012 was US $90 per barrel.
Oil- This definition refers to crude oil, which is naturally occurring unrefined petroleum product, composed of hydrogen deposits. Mining Industry- This term commonly includes such functions as exploration, mining, separation, hydrometallurgy, (treatment or separation of metals from ores or concentrates) and smelting and refining, even though these are not actually mining operations.
Mining Company - This refers to a company that owns and manages mines, (i.e., excavations in the earth for extracting minerals) and sells these minerals for the purpose of making a profit.
1. Introduction
In today’s continually evolving global environment, it has become of paramount importance that companies, businesses as well as manufacturers of all sorts and sizes, continue to be creative, productive and sell as many of their goods or services as they possibly can and consistently make profits to ensure their survival. A key determinant of this ability to ensure their survival is the price of oil per barrel
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