“Rio Tinto Mine of the Future”
August 16
2015
Table of Contents
Rio Tinto Snapshot 3
Evolution of the “mine of the future” with its History 5
Component status which currently make up the iron ore project “Mine of the Future” 7
Operation center 7
Mine based operational activities 7
Port based activities of the operation 8
Others 8
Sustainable logistics and mining within Rio Tinto 9
Is the intersection of strategy, technology, operations and mining of our mineral natural resources heading over the decade that are coming 11
Business model innovation 11
In Australia 12
Workforce and Governance 12
Corporate social responsibility (CSR) 12
Globally 12
Asset management 12
Process improvement 12
References 14
Ans.1:
Rio Tinto Snapshot
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In order to achieve that position various business strategies is adopted by them, Rio Tinto iron ore mining process design needs to respond to the changes in demand, which arises as well as it also creates the value added at the each and every stage of the business cycle. View of resources, considers that the firms which achieve competitive advantage by their special capabilities and with the resources, which are mainly tangible and intangible resources. Rio Tinto has a strong resource in the form finance with management which helps in the innovation of capabilities which can support to develop process design which is flexible and also has a value-creating in the market (Daim, 2014). A Rio Tinto capability of the organization that is related to the stratum management approach which makes the company more flexible and respond to the external and internal forces of the environment in the operating environment. After coming of separate Technology and an Innovation group, Rio Tinto gave suggestion that the company has enough capacity, which can only exploit the cutting edge technologies for the betterment of operations of mining. Regarding the iron ore operations in the Western Australia, it has been increasing by developing over the last centuries to provide better services of the demand from all the developing nations especially from …show more content…
At the place of work only the company’s goal for the safety is maintained with zero harm and it is all recognized that healthy and the productive employees are very essential for the business success (Howell, 2000). Rio Tinto believes that respect is the central to the harmonious workplace where the rights of the employees are taken care and also where their dignity is also affirmed without any discrimination. The company may develop the fixed guidelines and many kinds of policies which is related to the safety, occupational, health, and their human rights. Due to the competing for the resources, with less or more cost pressure and advocating for corporate social responsibility in the industry, Rio Tinto completely decided the best solution for it is that to move from incremental step change for innovation into process improvement. MOF program is the mining system which may carry out the task automatically (Lynas et al., 2011 as cited in Fisher & Schnittger, 2012, p. 30). The Presently MOF program is focused on the pit to port system of logistics of mine operations. Under this program, ADS is used for the drilling and blasting process, and AHS trucks are for the loading and hauling process. It has been seen that MOF offers many benefits for the stakeholders which may improve health and safety (Howell, 2000). It is to
Although Riordan Manufacturing has a generic strategic direction, a comprehensive strategic plan reevaluation and development must occur after the move to China. Environmental scanning, strategy formulation, strategy implementation, evaluation, and control are fundamental to the creation of a strategic plan (Wheelen & Hunger, 2010). Because, strategic planning is integral to the corporate strategy and success of Riordan the board of directors' requesting Team B formulate a comprehensive strategic plan for their organization.
In 1997, Australia produced 158 million tonnes of iron ore. However, in 2007, this figure had more than doubled with a total of 320 million tonnes (U.S. Geological Survey, 2008). Such a significant change is partly attributed to the continuous expansion and diversification of the industry’s two key players, Rio Tinto Group and BHP Billiton, into the Pilbara region of northwestern Australia. Other sensitivities include environmental and social demands, technological advancements, and research and development amongst others. It must be noted that each of these factors can be drawn back to a single title that is a major influence on industries worldwide: globalisation. ‘Figure 2’ shows the production levels of iron ore over the 2006-07 period, and its export value compared to other mined minerals.
...lothing and equipments in the industry. These will greatly ensure the safety of the employees and hence minimize the injuries. Use of the administrative control and work practices will also lead to the production of quality products safe for consumption (OSHA Quick take, 2010).
...ves to create extra routines as important to ensure workers in high hazard commercial enterprises.
Objectives • To evaluate the difficulty of mining and reclamation To calculate costs, expenses, income, and profit from a hands-on mining exercise. • To evaluate the effectiveness of reclamation and its added costs to mining. To describe the increasing rarity of some non-renewable mineral resources. Introduction Minerals play an important role in our day-to-day life, but we often do not contemplate how the minerals are obtained. Minerals are scattered all over the world, just like any other resource.
The safety measures now is strict and are regulated through the legislation act of health and safety benefits under the specific laws governed by the state and the employers are bound to follow them in order to ensure the safety and risk management to the employees in the coal mining sector.US has the proper safety and health regulation and the companies are legislated to follow the laws along with reporting and monitoring of the risk management team data’s to be worked out by higher officials giving prime importance to it. The ethics behind the imputation of proper risk management and safety guarantee makes the organizations free from unnecessary hazards and cost. This method also makes the turnover rate low for the employees as they are satisfied to work in the safe and risk free
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 a typical year, the mining industry is responsible for almost 20 per cent of Canada's total export earnings3 (See Appendix A). As for the employment rate, over 70 per cent of the mines are owned by Canadians and approximately 108,000 Canadians are directly employed in the mining industry4. Mining is very important in Canadian life. Not only do the products power the family car and heat the family home, the manufacturing sector, the high tech industries and even the better known resource industries are all dependent, in some way, on the mining industry. The mining industry will continue to be an important support to the economy. Mining is taking full advantage of the quick expansion of computers and microelectronics.
Lins, C., & Horwitz, E. (2007). Sustainability in the Mining Sector. Retrieved November 6, 2017, from http://www.fbds.org.br/IMG/pdf/doc-295.pdf
Though it has had many negative impacts on the environment in the past, mining is a vital industry completely necessary to our economy and lives. Nearly every item we use or encounter in our day to day lives is mined or contains mined products. Without the excavation of such materials things like computers, televisions, large building structures, electricity, and cars would not be possible. Virtually every technological and medical advance uses minded materials, without which millions would suffer. Some examples of minerals in the home include the telephone which is made from as many as 42 different minerals, including aluminum, beryllium, coal, copper, gold, iron, silver, and talc. A television requires over 35 different minerals, and more than 30 minerals are needed to make a single personal computer. Without boron, copper, gold and quartz, your digital alarm clock would not work. Every American uses an average 47,000 pounds of newly mined materials each year, which is higher than all other countries with the exception of Japan, which is a staggering figure representative of our dependence and need for mined minerals. Coal makes up more than half of nation’s electricity, and will continue to be the largest electrical supplier into 2020 & accounting for some 95 percent of the nation's fossil energy reserves – nine of every ten short-tons of coal mined in the United States is used for electricity generation. As the population of the world grows more mineral resources must be exploited through mining in order to support the rising demand for such products. Though it may present a hazard to the environment and those physically located nears the mines, the materials extracted from mines...
Rio Tinto’s businesses include the opening of pits and underground mines, mills, refineries, smelters and power stations. This also includes the hydropower portfolio as well as the number of research and services facilities. Rio Tinto also has its own and operating infrastructure to take their products to their stakeholders (customers) in transport methods that include railways, ports and ships.
Employee rights are very important in the workplace (Rakoczy, C. n.d.). There are some laws to protect employee rights such as safe working environment, discrimination and overtime pay rate to ensure every employee treated fairly. All employees have the right to work in a safe and healthy workplace. In some industries, they use the high-voltage of electricity, extreme temperature, the high-speed and noisy machine in their workplace which can potentially threat to employee health and safety. A safety and healthy workplace must provide reasonable daily and weekly job schedule to the employees. Therefore, when the employee follows the job schedule, they can prevent to work overload because of a systematic system applied by the company.
Mining is the process or industry of obtaining minerals from the earth. Topics in this paper I’ll be specifically discussing are pros and cons of mining, structures of a mine, mining in general, California gold rush, diamonds in Africa, and comparison of diamond and gold mines.
The indirect impact of the mining industry has been huge in terms of funding for things like skill development through education and training, there is also provision made for social services in the mines (e.g. health care for the employees of the mines and their families, housing, school etc.) and the contribution the national economy.
Warhurst, A. (1999). Mining and the environment: case studies from the Americas. Ottawa, ON, Canada: International Development Research Centre.