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Australian Iron Ore Mining Industry Review

Australian Iron Ore Mining Industry Review

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Title: Australian Iron Ore Mining Industry Review

Essay Details:

Subject: Business

Author: Tyrone G

Date: June 27, 2012

Level: University

Grade: A

Length: 6 / 1718

Essay text:

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. The driving forces of globalisation have a direct impact on the success of the iron ore mining industry in Australia in terms of the national and global economies. BHP Billiton and Rio Tinto Group, both as Transnational Corporations (TNCs), have further increased industry sales and exports, and reduced the costs of production by utilising economies of scale...

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