The document provides an overview of the minerals and materials industry and discusses several major companies operating in the sector, including BHP Billiton, Barrick Gold, and Xstrata. It covers topics such as industry trends, commodity prices, company operations and financial performance. Key points from the document include that mining involves extracting valuable minerals from the earth, BHP Billiton is a leading global mining company, Barrick Gold is the largest gold mining company, and Xstrata has a diversified portfolio of copper, coal and other commodity assets around the world.
This document provides an overview of Rio Tinto's investor seminar on October 30, 2009. It includes forward-looking statements and notes that actual results may differ. The seminar covers Rio Tinto's financial position, business strategy, and plans for operations. It also notes safety as a top priority and provides injury rate statistics.
Presentation To North American Fixed Income Investors 29 31 March 2010Rio Tinto plc
- The document is a presentation by Rio Tinto to North American fixed income investors in March 2010 providing an overview of the company, highlights from 2009, the economic outlook, and priorities for 2010.
- In 2009, Rio Tinto achieved cost savings, recovered prices in the second half, completed divestments, and reduced net debt significantly.
- For 2010, priorities include operational delivery, transforming the aluminum business, pursuing growth through disciplined capital spending, and prudent balance sheet management.
Exxon Mobil's current corporate strategy relies on developing new emerging markets using their strong market position and broad portfolio. Their organizational structure is based on strategic business units for downstream, upstream, natural gas/power, and chemicals. Financial analysis shows good liquidity, activity, profitability, and leverage ratios, though revenue has decreased recently. Stock analysis graphs show Exxon Mobil performing similarly to competitors Chevron and BP over the past year and longer term.
This document contains forward-looking statements regarding Newmont Mining Corporation's estimates, expectations, and assumptions around future production, costs, capital expenditures, projects, and financial performance. It cautions that actual results could differ materially from expectations due to risks and assumptions that may not prove to be correct around permitting, development, operations, commodity prices, exchange rates, and other factors. The document outlines Newmont's strategy to improve the underlying business through ongoing cost reductions, strengthen its portfolio through investments in projects like Merian and Long Canyon Phase 1, and create shareholder value through strong free cash flow and returns.
The increased volatility of commodity markets and the rapidly evolving corporate governance and financial reporting environments place additional demands on risk management and financial reporting. Integrating the two into a single view of risks and results is the challenge facing commodity companies and their stakeholders.
In re-issuing this guide, our ambition is to support the need for a better understanding of how trading commodities works; to unveil some of the activities, often misunderstood, but used by traders to manage risk and to explain how the financial results of these activities are put together and reported.
This publication provides you with insights in topics such as:
• How the commodity trading industry is evolving
• The basics of commodity markets
• The elements of risk management
• Aspects of the financial statements that are unique for commodity trading companies
• How to recognize and measure transactions and commodity inventory positions
• How to apply fair value accounting for external reporting
• The specific requirements for derecognition of assets
International business mumbai university solved paper 2008shrund
This document provides information about an international business exam from Mumbai University in 2008. It includes sample exam questions and answers about topics like globalization, reasons for entering international business, and foreign exchange risks and trade barriers.
The first question is about defining globalization and how global organizations emerge to enjoy global leadership. The second question asks why companies enter international business when domestic opportunities exist. The third question requires short notes on foreign exchange risks and trade barriers. Sample answers are provided that discuss topics like stages of becoming a global organization, reasons for internationalization, and types of foreign exchange and trade barriers.
This document provides an overview of Rio Tinto's investor seminar on October 30, 2009. It includes forward-looking statements and notes that actual results may differ. The seminar covers Rio Tinto's financial position, business strategy, and plans for operations. It also notes safety as a top priority and provides injury rate statistics.
Presentation To North American Fixed Income Investors 29 31 March 2010Rio Tinto plc
- The document is a presentation by Rio Tinto to North American fixed income investors in March 2010 providing an overview of the company, highlights from 2009, the economic outlook, and priorities for 2010.
- In 2009, Rio Tinto achieved cost savings, recovered prices in the second half, completed divestments, and reduced net debt significantly.
- For 2010, priorities include operational delivery, transforming the aluminum business, pursuing growth through disciplined capital spending, and prudent balance sheet management.
Exxon Mobil's current corporate strategy relies on developing new emerging markets using their strong market position and broad portfolio. Their organizational structure is based on strategic business units for downstream, upstream, natural gas/power, and chemicals. Financial analysis shows good liquidity, activity, profitability, and leverage ratios, though revenue has decreased recently. Stock analysis graphs show Exxon Mobil performing similarly to competitors Chevron and BP over the past year and longer term.
This document contains forward-looking statements regarding Newmont Mining Corporation's estimates, expectations, and assumptions around future production, costs, capital expenditures, projects, and financial performance. It cautions that actual results could differ materially from expectations due to risks and assumptions that may not prove to be correct around permitting, development, operations, commodity prices, exchange rates, and other factors. The document outlines Newmont's strategy to improve the underlying business through ongoing cost reductions, strengthen its portfolio through investments in projects like Merian and Long Canyon Phase 1, and create shareholder value through strong free cash flow and returns.
The increased volatility of commodity markets and the rapidly evolving corporate governance and financial reporting environments place additional demands on risk management and financial reporting. Integrating the two into a single view of risks and results is the challenge facing commodity companies and their stakeholders.
In re-issuing this guide, our ambition is to support the need for a better understanding of how trading commodities works; to unveil some of the activities, often misunderstood, but used by traders to manage risk and to explain how the financial results of these activities are put together and reported.
This publication provides you with insights in topics such as:
• How the commodity trading industry is evolving
• The basics of commodity markets
• The elements of risk management
• Aspects of the financial statements that are unique for commodity trading companies
• How to recognize and measure transactions and commodity inventory positions
• How to apply fair value accounting for external reporting
• The specific requirements for derecognition of assets
International business mumbai university solved paper 2008shrund
This document provides information about an international business exam from Mumbai University in 2008. It includes sample exam questions and answers about topics like globalization, reasons for entering international business, and foreign exchange risks and trade barriers.
The first question is about defining globalization and how global organizations emerge to enjoy global leadership. The second question asks why companies enter international business when domestic opportunities exist. The third question requires short notes on foreign exchange risks and trade barriers. Sample answers are provided that discuss topics like stages of becoming a global organization, reasons for internationalization, and types of foreign exchange and trade barriers.
Financial Analysis: Kraft Foods Inc. (KFT)Yaw Ofosu
This document provides an analysis of Kraft Foods Inc. (KFT) including its background, financial ratios, projections, financing, capital structure, dividend policy, stock value, analyst opinions, and recommendation. Kraft is the largest food company in the US and world's 2nd largest, with $49.21B in revenue and operations in over 75 countries. The analysis finds KFT has a low risk capital structure and cost of capital of 6.15%. While the current stock price is $31.16, the dividend discount and total corporate value models value the stock at $83.95 and $36.99 respectively. Based on Kraft's strengths and growth opportunities, the recommendation is to buy the stock.
Klöckner & Co - Roadshow Presentation October 2009Klöckner & Co SE
Klöckner & Co SE is a leading independent multi-metal distributor. The presentation discusses Klöckner's business overview, strategy in response to the economic crisis, and financial results. Key points include:
1) Klöckner operates across Europe and North America with 250 distribution locations and services ~185,000 customers from a diverse set of 70 global suppliers.
2) In response to the crisis, Klöckner implemented cost cutting measures and NWC reductions to safeguard liquidity, targeting over €100M in net savings for 2009 through job cuts and efficiency programs.
3) Klöckner's strategy is now focused on organic growth by leveraging its competitive position
This document provides an overview of topics that will be covered in a financial management course, including definitions of key financial terms, the responsibilities of financial managers, capital budgeting techniques like net present value and internal rate of return, and examples of applying these techniques to investment projects. Financial ratios, markets and institutions, risk and rates of return, and strategic investment decisions are also discussed. An example capital budgeting case study of a small-scale flower cultivation project is presented.
The document discusses several proposed changes to India's foreign direct investment (FDI) policy across multiple sectors of the economy. Some of the key proposed changes include prior notification to the Reserve Bank of India (RBI) of any increases in investment threshold limits by foreign institutional investors, investments by foreign venture capital investors and qualified financial investors, and changes to FDI limits and rules in sectors like single-brand retail, pharmaceuticals, banking, insurance, and telecommunications. The document also provides details of existing FDI sectoral caps in various industries.
China Gold International Resources provided an overview of its operations and financial performance in 2019. Key points included achieving record revenues of over $657 million while maintaining strong production levels and lowering costs. The company also highlighted its investment grade credit rating, strong cash flows, and ability to raise sizable low-cost financing. China Gold International Resources is forecasting further production increases in 2020 from its two major mines, CSH Gold and Jiama Polymetallic.
This document provides an overview and summary of Newmont Mining Corporation's presentation at the Bank of America Merrill Lynch 2016 Canada Mining Fireside Chat conference on September 1, 2016. Some key points:
- Newmont has improved its underlying business through cost reductions, increased productivity, and higher resource estimates.
- The company has a proven track record of exploration and development successes at its Ahafo, Tanami, and Merian operations, growing reserves and resources significantly since 2003.
- Newmont has also successfully delivered first production at projects like Long Canyon and is on track to do the same at Merian and the Tanami expansion on schedule and on budget.
- The presentation outlines Newmont
The document is an investor presentation that provides an overview of North American Palladium (NAP). It discusses NAP's growth strategy of expanding production at its Lac des Iles mine while lowering costs. It highlights NAP's leverage to rising palladium prices given constrained mine supply and increasing demand from the automotive industry. The presentation also provides market statistics on palladium and an investment case for NAP based on its world-class palladium asset at Lac des Iles.
"Global outlook for borates", presentation by Gary Goldberg, President & Chief Executive Officer, Rio Tinto Minerals, Industrial Minerals Congress, Miami, Florida, March 22 - 24, 2010
The document is an investor presentation for North American Palladium that provides an overview of the company and investment case. It discusses North American Palladium's Lac des Iles mine expansion which aims to increase production and lower costs. It also summarizes the palladium market fundamentals of constrained supply and rising demand driven by automotive sector growth.
This document provides an overview of Joy Global Inc., a manufacturer of mining equipment. It discusses the company's sources of revenue, which come primarily from aftermarket services. A SWOT analysis notes strengths in market position and exposure to emerging markets, while weaknesses include dependence on commodity prices. Key drivers of the company's performance are identified as growth in China and other emerging markets. Financial stats and a valuation of the company are also presented. The document concludes with an outline of the topics covered.
This document provides an overview of an investment banking firm that focuses on mergers and acquisitions in the industrial sector. It discusses the firm's leadership team and areas of focus, which include aerospace and defense, automation, capital goods, and other industrial verticals. The firm aims to find ideal acquisition targets and help clients achieve the best possible outcomes in transactions. Recent deal experience is also summarized.
Day 1 - Session 1: Strategic metals and the clean-tech revolution
Outlook for commodity prices
Objective Capital Global Mining Investment Conference 2010
Stationers' Hall, City of London
28-29 September 2010
Speaker:
Christoph Eibl - Tiberius Asset Management
International Financial Management - subjectdivimba87
Welcome to "International Financial Management: A Comprehensive Guide"! This document serves as a comprehensive resource for understanding the complexities of managing finances in a global context. Covering topics ranging from foreign exchange markets to multinational investment strategies, this guide equips readers with the knowledge and tools necessary to navigate international financial environments.
Société Générale has three core businesses: retail banking, asset management, and corporate and investment banking. The document focuses on Société Générale's corporate and investment banking division, SG CIB. SG CIB has three areas of excellence: euro capital markets, derivatives, and structured finance. It provides financing solutions for companies involved in natural resources and energy, including project financing, mining financing, structured commodity finance, and trade and commodity financing. SG CIB has expertise in sectors like oil and gas, metals and mining, grains, tropical commodities, and has a global presence.
1) Newmont outlines its strategic goals of improving safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a strong balance sheet and cash flow.
2) Newmont highlights recent improvements in reducing costs and injuries, generating over $2.8 billion from asset sales since 2013, and its project pipeline adding profitable new production.
3) Newmont is positioned for long-term value creation by maximizing returns from existing assets and extending mine lives through projects like Merian, Long Canyon, and Northwest
Turkey is a major global importer of ferrous scrap. The Turkish scrap market serves as a global benchmark and its scrap indices from The Steel Index (TSI) are used to settle derivatives contracts. TSI collects daily transaction data from over 650 market participants to calculate volume-weighted average scrap prices, with its Turkish HMS 1/2 80:20 index widely used as a global benchmark. Volatility has returned to scrap and iron ore markets in 2016 amid supply constraints and uncertainty in China.
This report provides a valuation of a 25% minority interest in Walton Drilling LLC as of June 17, 2013. It analyzes the company using the income, market, and asset-based approaches. Key points include:
- Walton Drilling is an oil and gas drilling company based in California that has developed innovative drilling technology.
- The report examines the company's financial statements from 2008-2012 and industry factors like expected oil and gas prices. It also identifies risks related to commodity price volatility.
- Comparable public companies are analyzed to apply market multiples for the market approach. The income approach uses a discounted cash flow model, and the asset-based approach considers net asset value.
-
The document discusses the role of finance in strategic planning and implementation. It states that the success of a strategy depends on three factors: alignment with the external environment, an accurate view of internal competencies, and careful implementation. It outlines the strategic planning process and notes that finance establishes financial goals and metrics based on benchmarks. Finance ensures the availability of capital, provides analysis for decisions, and monitors performance. Finance functions should be aligned with strategy through tools like balanced scorecards and budgets that reflect strategic initiatives.
The document discusses North American Palladium's investment case and provides an overview of the company. It summarizes that NAP operates the Lac des Iles mine, one of only two primary palladium mines in the world. NAP is undergoing an expansion to increase palladium production to over 250,000 ounces annually at reduced cash costs below $300 per ounce. The Lac des Iles mine has additional exploration upside and excess milling capacity to support future production growth.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Financial Analysis: Kraft Foods Inc. (KFT)Yaw Ofosu
This document provides an analysis of Kraft Foods Inc. (KFT) including its background, financial ratios, projections, financing, capital structure, dividend policy, stock value, analyst opinions, and recommendation. Kraft is the largest food company in the US and world's 2nd largest, with $49.21B in revenue and operations in over 75 countries. The analysis finds KFT has a low risk capital structure and cost of capital of 6.15%. While the current stock price is $31.16, the dividend discount and total corporate value models value the stock at $83.95 and $36.99 respectively. Based on Kraft's strengths and growth opportunities, the recommendation is to buy the stock.
Klöckner & Co - Roadshow Presentation October 2009Klöckner & Co SE
Klöckner & Co SE is a leading independent multi-metal distributor. The presentation discusses Klöckner's business overview, strategy in response to the economic crisis, and financial results. Key points include:
1) Klöckner operates across Europe and North America with 250 distribution locations and services ~185,000 customers from a diverse set of 70 global suppliers.
2) In response to the crisis, Klöckner implemented cost cutting measures and NWC reductions to safeguard liquidity, targeting over €100M in net savings for 2009 through job cuts and efficiency programs.
3) Klöckner's strategy is now focused on organic growth by leveraging its competitive position
This document provides an overview of topics that will be covered in a financial management course, including definitions of key financial terms, the responsibilities of financial managers, capital budgeting techniques like net present value and internal rate of return, and examples of applying these techniques to investment projects. Financial ratios, markets and institutions, risk and rates of return, and strategic investment decisions are also discussed. An example capital budgeting case study of a small-scale flower cultivation project is presented.
The document discusses several proposed changes to India's foreign direct investment (FDI) policy across multiple sectors of the economy. Some of the key proposed changes include prior notification to the Reserve Bank of India (RBI) of any increases in investment threshold limits by foreign institutional investors, investments by foreign venture capital investors and qualified financial investors, and changes to FDI limits and rules in sectors like single-brand retail, pharmaceuticals, banking, insurance, and telecommunications. The document also provides details of existing FDI sectoral caps in various industries.
China Gold International Resources provided an overview of its operations and financial performance in 2019. Key points included achieving record revenues of over $657 million while maintaining strong production levels and lowering costs. The company also highlighted its investment grade credit rating, strong cash flows, and ability to raise sizable low-cost financing. China Gold International Resources is forecasting further production increases in 2020 from its two major mines, CSH Gold and Jiama Polymetallic.
This document provides an overview and summary of Newmont Mining Corporation's presentation at the Bank of America Merrill Lynch 2016 Canada Mining Fireside Chat conference on September 1, 2016. Some key points:
- Newmont has improved its underlying business through cost reductions, increased productivity, and higher resource estimates.
- The company has a proven track record of exploration and development successes at its Ahafo, Tanami, and Merian operations, growing reserves and resources significantly since 2003.
- Newmont has also successfully delivered first production at projects like Long Canyon and is on track to do the same at Merian and the Tanami expansion on schedule and on budget.
- The presentation outlines Newmont
The document is an investor presentation that provides an overview of North American Palladium (NAP). It discusses NAP's growth strategy of expanding production at its Lac des Iles mine while lowering costs. It highlights NAP's leverage to rising palladium prices given constrained mine supply and increasing demand from the automotive industry. The presentation also provides market statistics on palladium and an investment case for NAP based on its world-class palladium asset at Lac des Iles.
"Global outlook for borates", presentation by Gary Goldberg, President & Chief Executive Officer, Rio Tinto Minerals, Industrial Minerals Congress, Miami, Florida, March 22 - 24, 2010
The document is an investor presentation for North American Palladium that provides an overview of the company and investment case. It discusses North American Palladium's Lac des Iles mine expansion which aims to increase production and lower costs. It also summarizes the palladium market fundamentals of constrained supply and rising demand driven by automotive sector growth.
This document provides an overview of Joy Global Inc., a manufacturer of mining equipment. It discusses the company's sources of revenue, which come primarily from aftermarket services. A SWOT analysis notes strengths in market position and exposure to emerging markets, while weaknesses include dependence on commodity prices. Key drivers of the company's performance are identified as growth in China and other emerging markets. Financial stats and a valuation of the company are also presented. The document concludes with an outline of the topics covered.
This document provides an overview of an investment banking firm that focuses on mergers and acquisitions in the industrial sector. It discusses the firm's leadership team and areas of focus, which include aerospace and defense, automation, capital goods, and other industrial verticals. The firm aims to find ideal acquisition targets and help clients achieve the best possible outcomes in transactions. Recent deal experience is also summarized.
Day 1 - Session 1: Strategic metals and the clean-tech revolution
Outlook for commodity prices
Objective Capital Global Mining Investment Conference 2010
Stationers' Hall, City of London
28-29 September 2010
Speaker:
Christoph Eibl - Tiberius Asset Management
International Financial Management - subjectdivimba87
Welcome to "International Financial Management: A Comprehensive Guide"! This document serves as a comprehensive resource for understanding the complexities of managing finances in a global context. Covering topics ranging from foreign exchange markets to multinational investment strategies, this guide equips readers with the knowledge and tools necessary to navigate international financial environments.
Société Générale has three core businesses: retail banking, asset management, and corporate and investment banking. The document focuses on Société Générale's corporate and investment banking division, SG CIB. SG CIB has three areas of excellence: euro capital markets, derivatives, and structured finance. It provides financing solutions for companies involved in natural resources and energy, including project financing, mining financing, structured commodity finance, and trade and commodity financing. SG CIB has expertise in sectors like oil and gas, metals and mining, grains, tropical commodities, and has a global presence.
1) Newmont outlines its strategic goals of improving safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a strong balance sheet and cash flow.
2) Newmont highlights recent improvements in reducing costs and injuries, generating over $2.8 billion from asset sales since 2013, and its project pipeline adding profitable new production.
3) Newmont is positioned for long-term value creation by maximizing returns from existing assets and extending mine lives through projects like Merian, Long Canyon, and Northwest
Turkey is a major global importer of ferrous scrap. The Turkish scrap market serves as a global benchmark and its scrap indices from The Steel Index (TSI) are used to settle derivatives contracts. TSI collects daily transaction data from over 650 market participants to calculate volume-weighted average scrap prices, with its Turkish HMS 1/2 80:20 index widely used as a global benchmark. Volatility has returned to scrap and iron ore markets in 2016 amid supply constraints and uncertainty in China.
This report provides a valuation of a 25% minority interest in Walton Drilling LLC as of June 17, 2013. It analyzes the company using the income, market, and asset-based approaches. Key points include:
- Walton Drilling is an oil and gas drilling company based in California that has developed innovative drilling technology.
- The report examines the company's financial statements from 2008-2012 and industry factors like expected oil and gas prices. It also identifies risks related to commodity price volatility.
- Comparable public companies are analyzed to apply market multiples for the market approach. The income approach uses a discounted cash flow model, and the asset-based approach considers net asset value.
-
The document discusses the role of finance in strategic planning and implementation. It states that the success of a strategy depends on three factors: alignment with the external environment, an accurate view of internal competencies, and careful implementation. It outlines the strategic planning process and notes that finance establishes financial goals and metrics based on benchmarks. Finance ensures the availability of capital, provides analysis for decisions, and monitors performance. Finance functions should be aligned with strategy through tools like balanced scorecards and budgets that reflect strategic initiatives.
The document discusses North American Palladium's investment case and provides an overview of the company. It summarizes that NAP operates the Lac des Iles mine, one of only two primary palladium mines in the world. NAP is undergoing an expansion to increase palladium production to over 250,000 ounces annually at reduced cash costs below $300 per ounce. The Lac des Iles mine has additional exploration upside and excess milling capacity to support future production growth.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
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Reimagining Your Library Space: How to Increase the Vibes in Your Library No ...Diana Rendina
Librarians are leading the way in creating future-ready citizens – now we need to update our spaces to match. In this session, attendees will get inspiration for transforming their library spaces. You’ll learn how to survey students and patrons, create a focus group, and use design thinking to brainstorm ideas for your space. We’ll discuss budget friendly ways to change your space as well as how to find funding. No matter where you’re at, you’ll find ideas for reimagining your space in this session.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
3. Mining Industry Overview
Mining is the extraction of valuable minerals or other geological
materials from the earth, from an ore body, vein or (coal) seam.
4. Financial Structure
Cost Structure
Exploration, research and development
General operation costs
Depreciation, depletion and amortization
Interest expenses
Other
Revenue Composition
Financial activities revenue (ie. Hedging)
Mining revenue
Interest income revenue
5. Mining Industry Overview
Risk Factors
Development and operation
Commodity price
Interest rate risk
The global financial crisis
Foreign exchange rate fluctuations
Government and political risks, licenses and permits
Health, safety, environmental and accidents
Energy Risk
Derivative Instrument Risk
Credit risk
Market liquidity risk
Mark-to-market risk
Others
6. Gold
Market value
The global gold market grew by 41.1% in 2010 to reach a value of
$83.8 billion.
Market value forecast
In 2015, the global gold market is forecast to have a value of $131.5
billion, an increase of 57% since 2010.
The gold market is usually in contango
Over the counter trade (OTC)
11. Alternative Investment
Safe Haven
Generally speaking, when people feel secure, gold prices fall;
when people feel insecure, prices rise. This is reflected by the
short term demand fluctuation.
Alternative investment to USD (uncertainty)
12.
13.
14. Price Driver
Increase of gold holding
Global gold mine production declining
Gold sales form the official sector under the Central Bank Gold
Agreement (CBGA). Central banks became net buyers of gold
in 2010 for the first time in 21 years.
15. Copper
An Internationally traded commodity
Infinite recyclable life
Prices (Contango):
Volatile
Cyclical
Determined by the major metals exchanges
New York Mercantile Exchange (COMEX)
London Metals Exchange (LME)
Shanghai Futures Exchange (SHFE0)
Price might also be affected through speculative trading
and currency exchange
17. Copper Demand
Factors affecting demand
Global Economic Conditions
Instability Decreases Demand (US. and Europe)
Industrialization
Increases consumption (China and India)
Copper imports by China advanced to a record in 2009,
driving global prices up 140 percent.
20. The world’s most abundant and widely distributed fossil fuel
Was the most important source of the world’s primary energy until it
was taken over by the oil in the late 1960s
70% of the total world coal production is consumed for electricity
generation (Thermal Coal)
Other uses: steel production(Coking Coal), cement manufacturing,
and as a liquid fuel
COAL
23. ZINC
Zinc is the 4th most common metal
More than 50 countries around the world mine zinc ore, with the
largest producers : Australia, Canada, Peru, and the United States
Mining methods:
-Mined underground: 80% of the world’s zinc
-Mined in open pits: 8% of the world’s zinc
-Combination: 12% of the world’s zinc
27. Iron Ore
Elemental Iron is ranked 4th in abundance in the earth’s crust
and is the major constituent of the Earth’s core
98% of iron ore is used to make steel
Major producers of iron ore include Australia, Brazil, China,
Russia and India
31. Company Overview
A global mining, oil and gas company
Based in Melbourne, Australia and with a major management
office in London, United Kingdom
The world’s largest mining company measured by revenue
The world’s third-largest company measured by market
capitalization
In 2001, Billiton Plc merged with the Broken Hill Proprietary
Company Limited(BHP) to form BHP Billiton
32. Executives
Chairman: Jacques Nasser
After serving as a Director of BHP Billiton
Since 2006, he was appointed Chairman
on March 31, 2010
33 year career with Ford
From 1998 to 2001, President and CEO of Ford Motor Company
CEO: Dr. Marius Kloppers
In 2007, he was appointed CEO of BHP Billiton
Before joining Billiton in 1993, he worked with
management consultants McKinsey & Co in
Netherlands
33. Operation
Operating in nine businesses:
Petroleum
Aluminum
Base Metals (including Uranium)
Diamonds & Specialty Products
Stainless Steel Materials
Iron Ore
Manganese
Metallurgical Coal
51. Financial Risk Management
The identification and management of risk is central to achieving
the corporate objective of delivering long-term value to
shareholders
Risk profile for the whole business
Covers both operational and strategic risks
Group’s Portfolio Risk Management Strategy
A cash flow at Risk (CFaR) framework
We do not generally believe that active currency and commodity
hedging provides long-term benefits to our shareholders.
53. Financial Risk Management
The strategy, financial instruments are employed in three distinct
activities
Risk mitigation
Assessment of portfolio CFaR against Board-approved limits
Execution of transaction within approved mandates
Economic hedging of commodity sales, operating costs and debt
instruments
Measuring and reporting the exposure in customer commodity
contracts and issued debt instruments
Executing hedging derivatives to align the total group exposure to
the index target
Strategic financial transactions
Exposures managed within value at risk and stop loss limits
Execution of transactions within approved mandates
54. Interest Rate Risk
Exposed to interest rate risk on its outstanding borrowings and
investments from the possibility that changes in interest rates
will affect future cash flows or the fair value of fixed interest rate
financial instruments
Entered into interest rate swaps and cross currency interest rate
swaps to convert most of the centrally managed debt into US
dollar floating interest rate exposures.
56. Currency Exchange Rate Risk
Exposed to exchange rate transaction risk on foreign currency
sales and purchases (currency hedging)
Translational exposure in respect of non-functional currency
monetary items
Transactional exposure in respect of non-functional currency
expenditure and revenues
57. Currency Exchange Rate Risk
Translational exposure in respect of non-functional currency
monetary items
58. Commodity Price Risk
Financial instruments with commodity price risk included in the
following tables are those entered into for the following activities:
Economic hedging of prices realized commodity contracts
Purchased and sales of physical contracts that can be cash-settled
Derivatives embedded within other supply contracts
61. Commodity Price Risk
Provisionally priced commodity sales contracts
Provisional pricing mechanisms embedded within these sales
arrangements have the character of a commodity derivative and are
carried at fair value as part of trade receivables.
62. Liquidity Risk
Arises from the possibility that it may not e able to settle or meet
its obligations as they fall due
Additional liquidity risk arises on debt related derivatives due to
the possibility that a market for derivatives might not exist in some
circumstances
Moody’s Investors service: Long-term credit rating of A1
Standard & Poor’s: Long-term credit rating of A+
63. Maturity Profile of Financial
Liabilities
The maturity profile of the Group’s financial liabilities based on
the contractual amounts, taking into account the derivatives
related to debt, is as follows:
64. Credit Risk
Arises from the non-performance by counterparties of their
contractual financial obligations toward the Group.
To manage credit risk:
Credit approvals
Granting and renewal of counterparty limits and daily monitoring of
exposures against these limits
The financial viability of all counterparties is regularly monitored and
assessed
Counterparties
Receivables counterparties
Payment guarantee counterparties
Derivative counterparties
Cash investment counterparties
65. Credit Risk
Industry credit
In line with our asset portfolio, the group sells into a diverse range of
industries and customer sectors
66. Credit Risk
Fair values
All financial assets and financial liabilities, other than derivatives, are
initially recognized at the fair value of consideration paid or received, net
of transaction costs as appropriate, and subsequently carried at fair value
or amortised cost
Derivatives are initially recognized at fair value on the date the contract is
entered into and subsequently remeasured at their fair value. This
measurement of fair value is principally based on quoted market prices.
69. Company Overview
Largest pure gold mining company in the world
Proven and probable mineral reserves of 140 million
ounces of gold
Headquarters in Toronto, Ontario
Founded and went public in 1983
70. Worldwide Operation
Operates in Australia, Africa, North America and South
America
A portfolio of 26 operating mines
72. Executives
Peter Munk
Founder & Chairman of the Board
Companion of the Order of Canada, the
highest honor for a private citizen.
Aaron Regent
Appointed CEO on January 16, 2009
Compensation for 2009 was 21 million
Chartered Accountant
73. Strategic Move
Retiring Barrick's hedge book
Barrick used $3.4-billion of the stock sale
proceeds to buy back all of its fixed-price
contracts and the majority of its floating spot
price contracts.
From 2004 to 2009, Barrick's hedge book
liabilities have more than doubled, rising to
$5.6-billion from $1.9 billion.
"I wanted to own gold companies and not
companies involved in the hedging business.“
- Charles Oliver, portfolio manager
74. FINANCIAL AND OPERATING
Highlights
The market price of gold is the most significant factor in determining
the earnings and cash flow-generating capacity of Barrick’s
operations.
Q3 2011
Net Earning increased 52%
Cash margins rose 51% to $1,415 per ounce
Average Realized Gold Price was $1,743 per ounce
Total cash costs of $453 per ounce and net cash costs of $328 per
ounce
Stable Production
Sold 5.7 million ounce gold in the past 9 month, with $10.5
billion revenue
83. Hedging Strategies
Objective: The primary objective of our risk management program is
to mitigate variability associated with changing market values related
to the hedged item.
Actively hedge foreign exchange economic risks and key input
commodities, including the fuel hedge provided by Barrick Energy.
providing full leverage of production and reserves/resources to
market gold prices.
Gold Leverage
Unhedged on all future gold production
Meet annual production targets
Grow reserve/resource base
84. Gold Leverage
For a producer who is unhedged against spot gold prices, its
gross margin per ounce is said to be leveraged.
For example:
- if producer has a cost of $300 per ounce and the spot gold price is
$600 then their gross margin is $300.
-If spot gold price rises by 10%, then gross margin will rise by 20%; if
it decreases by 10% then gross margin will decrease by 20%
85. WHAT BARRICK DOES TO
HEDGE AGAINST THESE RISKS
Interest rate swaps
Foreign currency contracts for non-US expenditures
Commodity hedging for inputs such as diesel, electricity,
propane and natural gas, as well as its production outputs
for both copper and silver
87. Hedge Against Interest Rate Risk
$200 M USD receive-fixed interest rate swaps outstanding
Hedge Against Foreign Exchange Risk
Been designated against forecasted non-US dollar denominated
expenditures.
In total, Barrick has AUD $4,488 million, CAD $364 million, CLP
211 billion and EUR 35 million designated as cash flow hedges of
our anticipated operating, administrative, sustaining capital and
project capital spend
89. Hedge Against Commodity
Price Risk
Commodity Contracts Diesel/Propane/Electricity/Natural Gas
In total, we have fuel contracts totaling 3,385 thousand barrels of
diesel, 540 thousand barrels of Brent crude, and 8 million gallons of
propane designated as cash flow hedges of our anticipated
usage of fuels in our operations.
Continue purchase 89M lbs of copper collars, 45M oz. of silver
collars (hedge against sale)
95. Company Overview
A global diversified mining group with its headquarters in Zug,
Switzerland
The fourth largest diversified mining company, with a market
value in excess of $64 billion
Listed on the London and Swiss Stock Exchanges
Recognized as the industry leader in the Dow Jones
Sustainability Index for the fourth consecutive year
99. Financial Highlights
Operating profit up 75% to $7.7 billion during 2009
Record real cost savings of $541 million achieved (3.4% of the
cost base), the 9th consecutive year of cost reductions
Strong cash generation of just under $10 billion
Gearing reduced to 15% from 26% and net debt by 38% to
$7.6 billion, despite total capital expenditure of $6.1 billion
during the year
100. Operational Highlights
20 major expansions and new mines currently in construction,
including 10 projects approved during 2010
Three major new mines successfully commissioned: Nickel
Rim South, Goedgevonden, and Blakefield South
20% annual reduction in total recordable injury frequency rate;
sector leader in the Dow Jones Sustainability Index for the 4th
year running
103. Market Overview
Xstrata’s portfolio of exposures is diversified by commodity,
geography, currency, and end-user market
Xstrata’s key competitors are Anglo American plc, BHP Billiton
plc, and Rio Tinto plc
120. Risk Management
Philosophy
Risks arise from exposures are managed by the Treasury
Committee, which operates as a sub-committee of the Executive
Committee
The responsibilities of the Treasury Committee include the
recommendation of policies to manage financial instrument risks.
These recommendations are reviewed and approve by Board Of
Directors and implemented by the Group’s Treasury Department
123. Credit Risk
The major exposure to credit risk is in respect of trade
receivables.
The credit quality of the Group’s significant customers
is monitored by the Credit Department.
124. Liquidity risk
The risk that the Group may not be able to settle or
meet its obligations on time or at a reasonable price
Utilizing both short and long term cash flow forecast to
manage the risk
Using S&P (BBB) and Moody’s (Baa2) to assess the
ongoing credit-worthiness
125.
126. Interest rate risk
The main exposure is the movement in the LIBOR
The Group prefers to borrow and invest at the floating interest
rates
Undertaking a fixed rate hedging or interest rate swaps, where
the movements in the short term interest rates is more
significant
129. Foreign currency risk
Mitigate the risk by maintaining a diversified portfolio of
assets across several different geographies and operating
currencies.
Using currency cash flow hedging to reduce short term
exposure to fluctuations in the USD against local currencies
132. Commodity Price risk
Affect the operating profit and earnings
The risk is managed by maintaining a diversified portfolio of
commodities
The group does not implement a large-scale strategic
hedging to reduce costs and maintain low cost.
133. Commodity Price risk
The Australian and South African operations have entered into coal
forwards to hedge prices of future sales of coal. The open forwards and
collars commodity contracts as at 31 December 2010 are as follows:
134. Recommendations
Maintain hedging strategy on both commodity prices and foreign
currencies
Access capital and managing cash flow and liquidity requirements
Create hedging strategy to mitigate liquidity risk
Withdrawal option
Liquidity option
Editor's Notes
Market capital in million*
Market capital in million*
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Market capital in million*
Market capital in million*
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Founded in 1983 when three small mining and oil and gas companies were merged as Barrick Resources Corp.
Barrick Gold Corporation engages in the production and sale of gold, including related mining activities such as exploration, development, mining and processing.
Shares are traded under the ticker symbol ABX on the Toronto, New York, London and Swiss stock exchanges and the Paris Bourse.
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Notice the main assets come from non-current with plants and equipment covering most of it
Long term debt, retained earning
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allowing it to significantly increase its leverage to the gold price
allowing it to significantly increase its leverage to the gold price