Rio Tinto Essay

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Rio Tinto is a multi-listed company (ASX:RIO, LSE:RIO,NYSE:RIO) ,after 140 years operation which through a long series of mergers and acquisitions to put itself as world 2nd largest leading mining company, the business range is finding, mining, and processing mineral resources. also it is one of the top three iron ore giants, which totally control more than 80% of the iron-ore export market in the world.[ ] The production of Rio Tinto are many commodities which includes Iron Ore, copper, aluminum, coal and diamonds. The subsidiaries are around the world which included United Kingdom, Australia, Papua New Guinea, United States, Brazil and Canada etc.[ ] In 2014, the revenue is USD 47.664 billion, Profit is USD 6.499billion.

In Western Australia (WA), Rio Tinto started in the Pilbara at 1966 and after serval year invest and purchase, now it has 14 active of 15 iron …show more content…

Recent history and the concept of evolution “Mine of the Future”

Launched in 2008, the ecomagination program of "mine of the future" is designed to respond rapidly to changes in demand, which co-operation with General Electric, the next-generation technologies will deliver better efficiency, lower production costs and improve working place health & safety and environmental performance.

The strategic intent is remaining competitive and improve labor productivity. Tom Albanese, Rio's London chief executive says, is why Rio is pressing ahead with this project [ ] "As I go through the document, I see lots of technologies that unfortunately look similar to the technologies we use today, While we use bigger pieces of equipment, in many ways the mining processes haven't actually changed that much, to some extent over the centuries."

Through technology to translate the vision into reality, based on the Disruptive Technologies which McKinsey Global Institute paper described "in terms of potential economic impact and capacity to disrupt, because we believe these effects go hand-in-hand" [

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