before submission. Marks will be deducted for spelling and grammar mistakes. Assignment: The collapse of HIH has served notice on ASIC and the Australian Government that insufficient attention is being paid on a continuing basis to the failures of corporate governance in Australia‚ especially from the perspective of directors’ duties. The situation does not seem to have improved since the collapse. Comment on this statement. Continued overpage: Caution: This is broader than just HIH.
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1. What led to the eventual collapse of Enron under Lay and Skilling? The collapse of Enron seems to be rooted in a combination of the failure of top leadership‚ a corporate culture that supported unethical behavior‚ and the complicity of the investment banking community. In the aftermath of Enron’s bankruptcy filing‚ numerous Enron executives were charged with criminal acts‚ including fraud‚ money laundering‚ and insider trading. Ben Glisan‚ Enron’s former treasurer‚ was charged with two-dozen
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1.What are the main reasons that Enron collapsed? I think the reasons for the collapse are three fold. Firstly Enron’s accounting practices(mark to market accounting- companies estimate how much revenue a deal is going to bring in and state that number in their earnings the moment the contract is signed) Its managements goal was to maintain the appearance of value by always having rising stock prices rather than focus on creating real value for the company. Secondly its reliance on Special
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Affecting the Copper Mining Industry As is demonstrated by the chart below‚ the demand for copper has exceeded the supply brought to market since 2009. In 2011‚ 16.5 million tonnes of copper were produced worldwide and this amount is expected to grow by approximately 3% annually. Data from the International Copper Study Group (ICSG) for 2012 suggests that international demand for refined copper is expected to exceed production by about 240‚000 metric tons. The slow growth forecasted in copper supply is
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University of New South Wales School of Mining Engineering Prepared for Dr Serkan Saydam Mine 8150 Mine Design and Feasability Major Assignment Prepared by David G Rolph 3309524 Thursday‚ 8 September 2011 [pic] Summary Huntley and Avondale Collieries are existing underground mines in the Illawarra coal fields of New South Wales. Both mines are on care and maintenance at present but with an improved financial outlook‚ the existing
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AT A GLANCE HINDUSTAN COPPER LIMITED KHETRI COPPER COMPLEX KHETRINAGAR KHETRI COPPER MINE Mine Started: - Oct. 1964 1- Ore Body (a) Strike Length 4.80 Km (b) Average Width 10 metres (c) Average Dip 65 deg. (d) Average Grade 1.37 % 2- Ore reserves of Khetri Mine Reserve of Khetri Block : 34.11 Million Tons‚ Grade1.13% Reserve of Banwas Block : 25.39 Million Tons‚ grade 1.69%
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Copper and Molybdenum Deposits in the United States Copper and molybdenum resources were not recognized as valuable commodities until economic needs demanded the collection and processing of these minerals in large amounts. The most expansive deposits of copper and molybdenum occur in massive low grade ores and are found in intrusive porphyry formations‚ although many smaller sized but higher grade ores are located in non-porphyry areas. The nation has abundant domestic copper ore reserves but
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CH 130 B: General Chemistry I The Lab Report As a scientist you are responsible for conveying the results of an experiment to a supervisor‚ a colleague‚ or the public. Often‚ you will convey this information in the form of a scientific paper describing your work. This paper needs to clearly describe why and how an experiment was done‚ and it must include an interpretation of results‚ including a discussion of their importance and any significant sources of error. You lab report will
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Bingham Canyon or commonly known as Kennecott Copper Mine is the world`s deepest man-made open pit mine for copper and gold‚ located near Salt Lake City‚ Utah. The mine is owned by Rio Tinto Group. According to “Top 10 Deep Open-pit Mines” article‚ since Bingham Canyon Mine started its operation in 1906‚ it has become the “granddaddy” of all copper mines with a diameter of 2.75 miles (4‚5km) and a depth of 0.75 mile (1‚2km). In fact‚ Bingham Canyon Mine is also called "the richest hole on Earth” for
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Parole and Mandatory Release Debria Andrews December 8‚ 2014 Professor Jason Skeens Parole and mandatory release are different from each other in some ways. But they are also the same in a way as well. They both are dealing with an inmate being out of prison and almost have the same rules that apply to the both of them when they are out of prison Parole is a process that allows a prisoner to be released from prison to experience increased freedom‚ while remaining under limited supervision
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