improve the health‚ safety‚ and working conditions of our people. The Technology & Innovation (T&I) group provides world class technology services to Rio Tinto’s product groups and businesses. It also advises Rio Tinto’s executive Management. T&I is made up of technology centres that identify‚ share and implement leading practice across Rio Tinto. The centres each have responsibility for different areas of mine technology‚ which include mining‚ asset management‚ strategic production planning‚ processing
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will eventually lead to higher returns. Rio Tinto is one such company. Rio Tinto is a successful international company in finding‚ mining and processing the earth’s mineral resources such as aluminium‚ copper‚ gold‚ diamonds‚ industrial minerals (borax‚ titanium dioxide‚ etc)‚ iron ore and energy products (coal and uranium). Rio Tinto is a combination of several subsidiaries with each subsidiary focusing on a type of product. This report will be focusing on Rio Tinto’s industrial minerals group of
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among the world leaders in the production of many commodities‚ including aluminium‚ iron ore‚ copper‚ uranium‚ coal‚ and diamonds. Although primarily focused on extraction of minerals‚ Rio Tinto also has significant operations in refining‚ particularly for refining bauxite and iron ore. As of March 2009‚ Rio Tinto is the fourth-largest publicly listed mining company in the world * Wide Product Range: The company produces aluminium‚ copper‚ diamonds‚ coal‚ iron ore‚ uranium‚ gold and industrial
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Contents 1. Executive Summary……………………………………………………..3 2. Financial Ratio Analysis a. Short Term Solvency Ratio…………………………………….4-5 i. Current Ratio………………………………………….…4 ii. Quick Ratio……………………………………………...5 b. Long Term Solvency Ratio……………………………………..5-6 i. Debt To Equity………………………………………….5 ii. Times Interest Earned……………………………...……6 c. Asset Utilization Ratio……………………………………….….7-8 i. Average Collection
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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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Brief analysis report of Rio Tinto Rio Tinto is a British multinational metals and mining corporation with headquarters in London and a management office in Melbourne‚ Australia. The corporation was founded in 1873 and it ranked at the number 263 in Global 500 of largest worldwide companies in 2008. (Wikipedia‚ 2012) Rio Tinto’s net earning has decreased in the year 2011 mainly because of the financial crisis and global economic uncertainty (Annual report of Rio Tinto‚ 2011). Meanwhile‚ the leadership
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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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Rio Tinto Case Study Prasad Naik BUS 510-2 Background Rio Tinto is a British-Australian mining company founded in 1873 with its Headquarters in London‚ England. It is a global company‚ which operates worldwide with a focus in Australia and Canada. Rio Tinto is considered to be the oldest and largest mining company in the world with over 68‚000 employees. During its operation carried out over the years‚ Rio Tinto has acquired and merged a number of companies. In 2011‚ Rio Tinto was selected as
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a clear consensus in the senior team about the strategy and vision‚ there will be less information exchange‚ more conflicts and less ability to respond to external change (Hambrick‚ 1994). Rio Tinto idea conversion is the weakest link or the bottleneck for the selection and development of ideas. Rio Tinto needs to build an energy around ideas to inspire teamwork and enable rapid prototyping. According to Bryant (2015)‚ open innovation is the key to deliver safer and more profitable operating model
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