Rio Tinto is a global and diversified miner and is divided into five product groups (Rio Tinto‚ 2012). And according to Rio Tinto (2012)‚ they are the aluminium product group‚ the copper product group‚ the diamonds & minerals product group‚ the energy product group as well as the iron ore product group. According to the chairman of the company‚ Rio Tinto has got a good grade in 2011‚ despite the lasting economic crisis and fluctuation of the world (Rio Tinto‚ 2012). Moreover‚ from the chief executive’s
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2013 To: The RTIO Management Team From: Nino Cabaravdic‚ Senior Strategy Consultant RE: How to respond to increased demand in China. Thank you for allowing us the opportunity to work with your company. As requested‚ we have evaluated Rio Tinto Iron Ore’s (RTIO) competitive position as the demand for iron ore is heavily increasing in China. Based on our research we have reached the following conclusions: 1. Take control of shipping by moving towards cost and freight (CFR)‚ build RDCs
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GROUP RESEARCH PAPER (Wk. 11) HRM activities: OH&S and Diversity Case study: Rio Tinto In the face of an economic downturn and an environment of increased competition‚ Human Resource Managers (HRMs) must link traditional HR activities with the organisation’s overall strategic objectives. It is crucial that HRMs are change agents and manage employees effectively to ensure that work is carried out productively. Diversity and Occupational Health and Safety (OHS) activities should not be considered
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Four principal of Managerial functions Sample article: Roberts‚ G 2013‚ Rio Tinto eyes huge growth‚ Australian Associated Press Pty Limited‚ accessed 23/3/2013‚ http://www.news.com.au/business/breaking-news/rio-tinto-lifts-iron-ore-production/story-e6frfkur-1226554420329 This essay is related to the Rio Tinto company and presents some of the management theories and ideas. They are the four principal of managerial functions‚ contingency theory of organisation‚ challenges for management in
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Rio Tinto Disclosure Requirements of Property‚ Plant and Equipment Purpose of Presentation: 1. Provide a description of Rio Tinto and its activities in relation to Property‚ Plant and Equipment (PPE) 2. Analyse how the disclosure requirements of PPE met by Rio Tinto satisfy the two fundamental characteristics of useful financial information along with two enhancing characteristics. 3. State the extent to which the disclosure requirements of PPE align with the objectives of general purpose financial
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The British-Australian mining company Rio Tinto and two of its former executives have been charged for hiding losses and inflating the value of African coal assets. The company bought the Mozambique assets in 2011 for 3.7 billion and sold it later for only 50 million. Despite these charges‚ the company won’t back down and will fight the charges. This comes at a time where coal energy is colliding with new forms of energy and many companies are starting to fight to stay relevant and keep coal as the
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Jeffrey A. Mortenson HRMG 5000 Professor Kathleen Rich-New January 26‚ 2015 Case Study One- Rio Tinto: Redesigning HR 1. Synopsis Rio Tinto‚ an international London based mining and mineral company was severely impacted by the global recession in 2008. Such an impact forced unprecedented workforce reductions worldwide and decentralized HR management had to be brought in under a single umbrella to insure an orderly and efficient system that would support the organization’s future productivity. This
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flow preservation and the level of debt that we have‚ we don’t believe that we need to contemplate a rights issue‚" he told analysts in a conference call. Anglo’s confidence about its funding situation was in contrast with rivals Xstrata and Rio Tinto‚ which are more highly geared than Anglo and had recently unveiled plans for a rights issue ($5.9 billion) and assets sales ($19.5 billion)‚ respectively. A few short weeks later‚ on April 16th‚ Anglo was forced to follow suit in a bid to “strengthen
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reduce exploration productivity and the quality of decision-making. Of all the information assets held by a mining company‚ exploration data is likely to be one of the largest as measured in bytes‚ paper volume and dollar value. An exploration group can store terabytes of digital information‚ including airborne geophysics‚ ground geophysics‚ geochemical data‚ drill hole logs‚ scanned topographic maps‚ digital elevation data‚ remotely sensed images‚ geological maps‚ reports and supporting documents
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part of Mongolia and it is called Oyu Tolgoi mine (Oyu-Tolgoi (copper-gold)‚ Mongolia). In August 8th they decided to change their name to Turquoise Hills Resources from Ivanhoe Mines because of a financial agreement they made with the mining giant Rio Tinto (“Ivanhoe Mines Change Name to Turquoise Hills Resources”). Many people predict that Oyu Tolgoi will be the next mining boom (“Boom in Mongolia”). Canada’s assets
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