Essays on Iron Ore

The trade and investment relationship between Australia and China demolishes the theory of comparative advantage. According to Adam Smith and Ricardo, it makes sense for a country to focus on the production of goods and services it can do efficiently and purchase goods and services it produces less efficiently from other countries. When this theory is applied to the trade relationship between Australia, a rich country and China, a poor country, we arrive at a paradoxical outcome. The introduction of a free trade regime resulting in Australia-China trading relationship implies that Australian consumers will pay lower prices for imported ...

Despite the country’s small size, Japan has depicted quite contrasting economies before and after the Second World War. Up to the moment, the country has had three distinct political and economic periods; the Edo which began in 1603 and went on up to 1868, the Meiji Restoration and the final period which began after the Japan’s defeat in the Second World War in 1945 and runs up to now. Each of the three economic periods was characterized by unique factors which necessitated the government to initiate remedies so as to avoid plunging the country into an economic ...

Mining in Australia involves the extraction, as well as the processing of a wide range of mineral resources spread across the country. The mining activities fall into various classification depending on the nature of the activity. These categories include coal mining, mining of oil and gas, mining of metal ores such as bauxite, and mining of construction materials (Connolly and Orsmond 26). Australia has an uneven distribution of mining resources, with some states better endowed than others. For instance, Western Australia has large deposits of iron ore and natural gas, whereas New South Wales and Queensland areas have plenty ...

A country is considered an “Emerging Market” when its social and business activities are in a marked accelerated growth. The term “Emerging Market” was first put into use by World Bank economist Antoine van Agtmael to define a country that is transitioning from “developing” to “developed”. Ian Bremmer, a political scientist characterizes an “Emerging Market” as a country where economics and politics are equal. The 2008 Emerging Economy Report defines emerging markets as those regions that are undergoing rapid “informationalization” and have limited industrialization. Scholars from both Harvard Business School and Yale School of Management are studying ...

Industrial Revolution

Thesis: Industrial revolution has shaped the world history by causing a changeover in technologic, political and social effects. Initial accumulation of capital and the formation of manufacturing industry represented the initial stage of the development of capitalist relations. This was the period during which the preconditions for the transition to an industrial economy were prepared. The condition of this transition was the industrial revolution, during which there was a radical restructuring of the technical base of production, forms of organization of production and the whole system of socio-economic relations. The industrial revolution is a fundamental qualitative restructuring of the material ...

Methodology

The methodology presents the major strategies and techniques that will be used to achieve the major objectives that were set in the research . It will further provide the techniques that will adopt in the answering the several research questions that were identified in the previous chapter. The section will provide strategies that will adopted in the empirical determination of the objective and the respective research questions by introducing the major tools that will be used in the data collection of the data from a predefined and set sample size. Using the a properly determined sample size in this research, the section ...

Norfolk Southern Railroad Company is a corporation that deals with the transportation in the Columbia. It serves more than 22 states in the District of Columbia and operating more than 20000 route mile. It provides rail carriers in the western part of the United States where it transports containers. Therefore, it provides efficient transportation of the products such as industrial and coal in the eastern part through rail carriers. The company has three main branches operating at the designated areas. The Norfolk and Western is one of the branches that were made in 1881. The second is the Southern ...

Iron

Iron as a chemical element is referred to by the symbol Fe and has an atomic number 26 on the periodic table. Iron is a metal in the first transition series and is the most abundant element on the outer and inner surface of the earth.

Iron was discovered in 2000 BCE when it replaced bronze in manufacture of tools and weapons and ushered in the Iron Age. Iron was first used in South-Central and South-West Asia. Iron was picked over bronze because when it is blended with carbon, it becomes harder and durable. Iron can also hold a sharp edge better ...

Abstract 3

Introduction 4 Shipbrokers Chartering 5 The Ship-broking Market 6 Diverse Industry 6 Dry – Cargo Markets 7 Ship-Owners’ Preference for Shipbrokers 8 Identify carriers for cargoes and cargoes for carriers 8 Information Source 8 Dispute Resolver 9 Conclusion 10 Abstract Shipbrokers have a significant influence on day to day business transactions when it comes to charters and sales and purchase activities in the markets. The ship-owners value the brokers’ capabilities for negotiation, knowledge, and information and their perception in the market. In additional businesses, the luxury-oriented services create goodwill and ...

The origin and the culture of blacksmiths in Kuku society date 1790 – 1960s. Kuku consisted of a large ethnic group of southerners in Sudan (Poggo 169). The cultural and the linguistic group were among the Eastern Nilotes. The Eastern Nilotic Group occupied the Kajo-Kaji territory. The territory was originally the home of the Moru – Madi Sudanic community. As Kuku crossed the River Nile, they absorbed some of the communities living in that territory at that period. The interaction of the Kuku and Lugabra from the southern region, Kakwa from the west, and the Bari from the north led to the ...

Introduction:

Iron (symbol Fe and atomic number 26) is a popular metal, which is used in a variety of applications. As it is abundantly available in the earth, it has been used in different forms since time immemorial. Today, iron ore extraction is a well defined and regulated process. However, there are many environmental and health hazards related to the metal and extraction. A critical analysis of the exact impacts can help in achieving an overall sustainable productivity from the element. With that end in mind, this paper deals with the characteristics of Iron; places where it is available; how it is extracted, ...

On the 27th September 2013, it was reported in the news that mining company BHP Billiton Limited had put on hold its expected project of expansion of the Olympic Dam owing to a challenge of resources. This brought to the fore the issue of competitive challenges in the company which is regarded as one of the biggest mining company in Australia and indeed, in the whole world. As a consequence, this paper seeks to analyze the company BHP Billiton Limited, also listed in the Australian Securities Exchange, with a view to exposing the competitive challenges that the company faces and how to ...

INTRODUCTION

Rio Tinto is a combination of predecessor companies formed by investors in 1873 and 1905. Due to such an extensive knowledge and experience in the mining industry, the organization is regarded as one of the finest and leading global mining and metal company. Being a global mining and metal company, the organization focuses highly on the exploration and processing of Earth’s finest mineral resources with an aim to maximize the shareholder’s value. In order to do so, the organization has the right people for the job and resources to provide the world with minerals and metals. Some of the ...

Iron and Steel Overview

The demand for steel highly depends on both global and national economies. Development and enhancement of sophisticated technology has improved both quality of product and productivity of work. Integrated mills require very high capital requirements and all mils are greatly affected by commodity prices. Another major force and focus for steel and iron industry include environmental regulations, which check the environmental impacts coming from mills (L e e, 2011). Advancement in technology have greatly reduced the demand for labor, with some Canadian manufacturers reducing the number of man-hours required to produce a ton of steel by 90% over the last ...

Article 1 brief “Australian PM defends banning of Chinese company”: China is Australia’s largest trading partner to the extent that the Australian government is considering entering into a free trade agreement with China. Huawei, the technology giant in China, which has nurtured business relations with Australia since 2004, was refused to work on Australia’s project to build a national high-speed Internet network in Australia over a period of three years, owing to the security concerns that were highlighted by the Australian Intelligence Officers. 1. Implications on the Australian government: Though Australia claims to have had severe security reasons ...

Strategic management

Michael Porter model is still a theory considered a force to reckon with when it comes to strategic management. Simply referred to as Porter’s five forces the model is based upon industrial organization (I/O) and Michael was able to show that five forces that basically determine a firm profitability (Porter, 1980). He mainly explores environment that a company can operate and have competitive edge. It is pertinent to note at this level that a business success depends on environment and environment in this context may be external or internal (Chak, 2003). These five forces are entry threat, buyer’s power, supplier’s power, ...