Australia The Riches and Challenges of Commodities Laura Alfaro Renee Kim 2009
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In 1861, the year of the Australian Gold Rush, a great change occurred in the world. On one side, we have the gold rushers, who went to seek the wealth of the land; on the other side, the companies. The company was the primary agent of gold producers in Australia, and the one that was first on the gold fields to set up a system of mining activities in the country. Initially, the gold rushes were mostly focused on the discovery of gold deposits. There was one famous gold rush, which occurred
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1. (page 1) 2. Literature Review (page 2) 3. why not look here Methodology (page 3) 4. Data Sources (page 4) 5. Analysis (page 5) 6. Discussion (page 6) 7. Conclusion (page 7) Page 8-9: Executive Summary 1. Summarize the main findings of the study on Australia’s riches and challenges of commodities. 2. Disc
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– I went to the Australian Commodities Summit 2009 and it was an eye-opener. There, I heard that miner BHP is investing about $150 million in an ambitious iron-ore project in Western Australia, 18 years after the last one had been abandoned. The reason, I discovered, is that the market value of iron ore is on the rise, and the new mine is part of a strategy to bring in new production and boost profitability. I was also told that Australia is a very competitive country with
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The riches and challenges of commodities In the Australian context, the commodities that are in high demand are coal, iron ore, and iron. Iron ore accounts for 80% of the demand, with coal (about 25%) and iron (less than 5%) remaining in secondary and tertiary uses. The biggest challenge faced by the industry is the rising population. As the numbers increase, the supply of resources needed for the industry increases. The demand for the commodities is also driven by the rising global demand. The
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“We spent our summer months in Sydney, Australia and we learned a great deal from the marketing experience we’ve had over there. There is a lot more to discover in Australia than just the beaches and the Great Barrier Reef, the country’s unique environment and the country’s history make this land rich with opportunities. visit this page The challenge is to market Australia on a larger scale by leveraging the vast potential market of the global market. Australia is the third largest oil producer in the world after Saudi Arabia and Venezuela. The country’s strong
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“Laura Alfaro’s essay, “Australia’s riches and challenges of commodities,” provides a balanced overview of Australia’s current and future commodity trading activities. Alfaro begins with a description of Australia’s oil and gas reserves, the industry’s economic and environmental impacts, and the current export of minerals and metals. She highlights the importance of energy commodities in Australia’s economy and the strategic importance of resource development. Alfaro addresses various challenges, including the impact of environmental and