Preview

The implement and effects of Rio Tinto Indigenous Employment Program

Powerful Essays
Open Document
Open Document
1526 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The implement and effects of Rio Tinto Indigenous Employment Program
The implement and effects of Rio Tinto Indigenous Employment Program Rio Tinto is one of the biggest international group which focuses on the exploitation of mining and other resource. The business of Rio Tinto includes coal, iron, aluminum, copper and the precious resource like gold and diamond. This huge group involved so many businesses related to resources that there is not a single country or area can provide it with enough means of production. Rio Tinto is a Spanish world which means a “yellow river”. The “river” is so extensive that it flows worldwide in the process of development during these years. Then that is not hard to understand that Rio Tinto has always been merging all kinds of mining companies and extending its influence as well as developing “base areas” all around the world as a Spanish company. In this essay, the Indigenous Employment Program in Australia of Rio Tinto. It is a typical case which shows how Rio Tinto extends its business in the worldwide and the concreted methods it takes for the aim of entering as well as being stationed in a specific area. The case shows that if a company wants to be “in” an area and even use the resource of it, the company has to take actual benefits to the local people and respect their aspiration, or the plan will meet a lot of rejections. Then it is also important for a company to be conscious about its original aim of extending its business and strength as well as achieving more profits with the expansion. When Rio Tinto focused on the abundant resource in Australia, the first thing the stakeholders should consider was not the methods of getting it directly with money and strength but how to get it in a reasonable way with the voluntary permission of the local government and people. According to Dean and Schwindt, or there would be terrible effects to the company’s image like aggressive. (Page 16)It can be found in the case that after a thorough, careful consideration, the stakeholders decided to get

You May Also Find These Documents Helpful

  • Good Essays

    Potashcorp Case Study

    • 247 Words
    • 1 Page

    Resource nationalism is largely perceived as developing countries phenomena, with Latin America and African resource-rich countries leading the way in terms of increasing government stakes in the extractive process, mainly through tax and royalty regimes. Nonetheless, resource-rich developed countries, notably Australia and Canada have increasingly adopted resource nationalist policies that include the blocking of Chinese investments and the tightening of fiscal regimes in the extractive sectors. The failure of BHP Billiton’s bid for PotashCorp in November 2010 blamed by the company’s chairman, Jac Nasser, on a global trend towards “protectionism or nationalism” arguably represents an escalation of the politics of resource nationalism in the developed world.…

    • 247 Words
    • 1 Page
    Good Essays
  • Good Essays

    Barrick Gold's main communication problem has been formed by Barrick saying one thing, then doing something else; this inevitably caused a lack of trust between its stakeholders and the company. The problem has created hidden agendas and guarded communication, thereby slowing decision making and productivity. For example, Argentina passed a law that protected their glaciers and permafrost, “which looked as if it might prevent the Argentinian part of the project from going forward.” (Barrick Gold case, pp.11).…

    • 656 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The author of this paper’s intention is to present and examine a multi-national corporation. Dissect the how’s and what’s about it, and simply discuss its processes. The author will be giving a brief background on the company to easily elaborate how it is that the company is successful compared to its past. Its products and services will be conversed and the company’s industry will be discussed as well as its competitors and its market. Basically everything that has to do with the company will be discussed. Everything will be brought forth for the purpose of finding out what the company’s strategic management process is. In conclusion giving it a feasible action that can be applied to better the company overall.…

    • 2178 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Labor Conditions At Potosi

    • 1375 Words
    • 6 Pages

    How could working in a mine affect all of the indigenous communities that called this mining area home? Potosí is a mining city in Bolivia. Potosí was founded in 1545, after the discovery of silver. The Spaniards started getting their silver from Potosí because the costs to produce silver were extremely low. The Spaniards brought Indians to Potosí who provided the workforce in the mines.…

    • 1375 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Rio Tinto Case Study

    • 654 Words
    • 2 Pages

    The role of Human Resource Information System(s) in any organization is to give employee asset visibility to enable management decisions and planning easier. In a perfect world, all employee records from hire to decision time would give a more complete picture on all employees past, present, and future value to the organization. The comprehensiveness of…

    • 654 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    In this paper I will explore the history, background and practices of the Maquiladora industry. I will also discuss the negative aspects of Maquiladoras on its female labor force.…

    • 1673 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Links: La comunicación empresarial y la gestión de los intangibles en España y Latinoamérica. Informe anual, 2005 pdf ebook 2c67ii…

    • 1351 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Rio Tinto Disclosure Requirements of Property, Plant and Equipment Purpose of Presentation: 1. Provide a description of Rio Tinto and its activities in relation to Property, Plant and Equipment (PPE) 2. Analyse how the disclosure requirements of PPE met by Rio Tinto satisfy the two fundamental characteristics of useful financial information along with two enhancing characteristics. 3. State the extent to which the disclosure requirements of PPE align with the objectives of general purpose financial reports 4.…

    • 512 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    With the rapid advancement of international economic activities, especially from the greatest contributor such as multinational companies in local economies, it has become increasingly important for enterprises to analyze the industrialization process in other countries as well as relevant changes that influence how business operate outside their homeland. Many advantages have been attributed to the globalization movement of many countries. In a country like Chile these advantages could be seen in the constant decrease of their unemployment and poverty rates, the increase of GDP rates, the economic status compared to its neighbor countries, the increase in educational standards that allowed technology to flourish, and many more benefits. In this paper I will analyze how these benefits paired with other factors like political and cultural conditions positions Chile in a good place to be the country of choice for possible manufacturing operations outside the U.S.…

    • 1702 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Francis Ona

    • 4442 Words
    • 18 Pages

    Not to remote PNG, to which most felt little connection.”24 D.S. Carruthers, then-Chairman of Bougainville Copper Ltd. describes the distribution of this money as “central to the emergence of the crisis… the argument revolved around three issues: the share for the provincial government, the share for the landowners, and the distribution of the landholders’ share among themselves.”25 • Inequality amongst compensation recipients. The amount of landownership compensation was not uniform across all individuals, this bled into other forms of favouritism that created frictions. In a nation that highly valued the principles of a ‘fair, honest and equal society’26 such actions potentially resonated harder than they would have in other parts of the world where wealth obtainment and individualism are acceptable and even part of common ideology. “[The Bougainvillean workers] with their newly acquired wealth… became a decisive force in the village… the power structure of the village was turned upside down… [they traditionally] held the values of voluntary commitment, duty and self-sacrifice for the good of the community as unquestionable truths.”27 They had distinct and well-defined understandings of how to lead ‘the good life’. “Striking changes had to be made to the Bougainvilleans notion about this style of life by the introduction and wider extension of the money economy, and by the development of a large-scale modern mining industry.”28 • Low levels of landownership compensation. The amounts issued to landowners did not reflect the enormous profits BCL was making, nor the inconvenience caused by construction, but they also failed to drastically improve the lives of many of the people who lived in the region. “Most of the payments… were quite small and in many cases were once-off payments. Their distribution amongst…

    • 4442 Words
    • 18 Pages
    Good Essays
  • Good Essays

    Cited: Robinson, James A., Ragnar Torvik, and Thierry Verdier. "Journal of Development Economics." Political Foundations of the Resource Curse. London: CEPR, 2002. 448-68. Print.…

    • 797 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Although NAFTA was originally implemented to modernize Mexico’s economy by creating manufacturing jobs for laborers, it favored wealthy national leaders and oversaw the detrimental effects it would have on the indigenous people of Mexico. The adoption of NAFTA between the three countries precisely began in December of 1992, when President Carlos Salinas of Mexico, President George H. W. Bush of the United States, and Prime Minister Brian Mulroney of Canada signed the free trade agreement ("Mexico Signs"). NAFTA was designed to expand the free flow of goods and services throughout North America and eliminate tariffs on exports for industrial and agricultural purposes among the three nations. NAFTA officially took effect on January 1, 1994. In…

    • 755 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Columbus, Christopher. “Letter to King Ferdinand of Spain, Describing the Results of the First Voyage.” www.xroads.virginia.edu. http://xroads.virginia.edu/...hyper/hns/garden/columbus.html (accessed November 26, 2012).…

    • 985 Words
    • 4 Pages
    Good Essays
  • Best Essays

    For this reason this paper aims to dig a little deeper into the subject, but in this case study Chilean culture and investigate about how Chilean do business, for that is necessary to learn about the profile of the country which is all the general details like official language, type of government, principal industry, population, etc., also in this essay are going to analyze the 12 negotiation variables of this country, the Hofstede´s dimensions, its context communication and its culture and traditions.…

    • 2868 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Michael and Jill Rodriguez both were hiking enthusiasts, from the same hobby, The two people fall in love and set up a South American Adventures Unlimited travel company. In the early days, the company's benefit is very good, but later met a lot of problems, such as spending beyond the cost budget, time budget problems, therefore, to the customer to make compensation, led to the decline in corporate profits, brother of Michael proposed project management advice, hope the company can make project management.…

    • 1390 Words
    • 6 Pages
    Powerful Essays