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Essay / Rio Tinto Essay - 761
Table of ContentsIntroduction 2Background 2STRATEGIC BUSINESS UNITS 2Farout System 4IntroductionBackgroundOver 140 years ago a company named Rio Tinto was incorporated as a legitimate business, in 1873 they opened a old copper mine on the Spain River named Rio Tinto also known as "Red River". As time passed, in 1905, in New South Wales, Australia, the Zinc Corporation was established to process zinc-containing mining waste in Broken Hill. Expansion to other countries was the main priority of Chairman Sir Auckland Campbell and the management team he led. 24 years later, a merger between the two British companies known as The Imperial Smelting resulted in the creation of Zinc Corporation, listed in London. As the company expanded overseas, they decided to sell two-thirds of Spain-based Rio Tinto so they could invest money in new developments in other countries. A large bauxite deposit was discovered at Wepra, in far north Queensland, Australia, this discovery led to the entry of Rio Tinto. aluminum and establishment of Comalco Limited in 1956. Six years later Conzinc Rio Tinto Australia was established, in 1966 the first exports to Japan, in Western Australia Rio Tinto launched its iron ore operations with the launch of iron Hamersley rise from the price mine. Owners of the world's largest deposit of industrial borate minerals, which have hundreds of daily uses. Borax was acquired by Rio Tinto in 1968. Things went badly for Rio Tinto when its stake in the former Cornwall tin mining industry in the United Kingdom ended due to falling demand. and metal prices. Rio Tinto has decided to get rid of its non-mining interests by selling them and focus on...... middle of paper ...... direct merger process with many advantages such as high intensity lower capital, reduced environmental impact and operational flexibility, the Pilbara operations contain a world-class network of 15 iron mines integrated with a 1,500 kilometer rail network and can respond quickly to changes in demand, new technologies to bring greater efficiency, reduced production costs and better environmental health and performance. and safety.Strength of Rio Tinto Iron Ore SBUs• Safety improvements such as involvement of safety leadership, hazard awareness reduces risk of production shutdown due to disasters caused by unsafe working conditions for miners• Commitment to the mine to help in the future strengthen the competitiveness of Rio TintoWeakness of Rio Tinto Iron orAnalysis of Rio TintoChoose the analysis method using the FAROUT systemSWOT analysis