BHP Billiton established as a result of amalgamation between the Billiton and Broken Hill Company. The merger took place in the year 2001. This is one of the largest producers of different commodities such as iron ore, copper, Uranium and coal. The multinational company has a vast interest in metallurgical coal, gas and oil. BHP Billiton is based in Melbourne, Australia. The Mining Industry has undergone through many fundamental changes. The biggest diminution has been observed in exploration support services and employment services.
The company BHP Billiton is one of the largest producers of energy coal and its operations are carried out through Sydney office. The extrication of gas and minerals is carried out in Australia. The company has generated revenue of about 37 billion. The BHP Billion is one of the largest mining companies all over the globe and employs 26,000 employees. The company recognizes the essential necessity of regulating carbon dioxide and recognizes the considerable impact of thermal coal. The company has been involved with the development of technologies that can show low emanation of carbon dioxide. The Evans, R., Brereton, D., & Joy, J. (2007, p.607-619) states that changes in operations are prone to the geographical and climatic changes. This has a severe impact on the economic performance and output. The Australia’s exports have shown declines in past two consecutive years. In financial years 2016-17, the exports have taken a leap of 17 percent, which is A$ 53 billion to A$370 billion.
The assurance of Australian Governments for all-embracing the industry players and persistent internationally compete is on the prime list. BHP Billiton has been able to innovate at lower costs. The company has shown productivity enhancements. Australia is one of the countries that occupies a robust position and has years of experience in coal mining. World class infrastructure and continuous track record of advancements is the foundation. The company has witnessed to take a leap from A$46 billion to A$290 billion. This result in exports has grown by 19 percent in financial year 2016-17. The Mohr, S., Höök, M., Mudd, G., & Evans, G. (2011, p.329-341) states Australian Companies are enjoying a remarkable period of constant growth, the increase is by 8 percent. The increase in the upshot for goods has been slower and services exports have shown to increase from A$6 billion to A$ 80 billion.
The Company, BHP Billiton is heavily reliant on single as well as multi-user sites. This is regulated under various regimes. The BHP Billiton has been operating and using the single user port and rail system. The company has been producing and exporting the iron ore. A critical element to BHP Billiton is multi-user infrastructure sites as they are less efficient when compared with the single user sites. The company has also been involved with the development of gas, airport infrastructure, electricity and these are challenging as it involves huge investment. The investors have their own obligations as infrastructure is prone to a number of risks.
The BHP Billiton has shown a resilient interest in the competitive markets. The strategy is to expand and operate upstream assets and markets. The company has been focused towards the growth and development of a diversified portfolio for a long period of time. To regulate the operations effectively, the company has been massively investing throughout the different investment climates and economic cycles. This has led to the increase in production cycles and business collaboration.
One of the well-organized sectors of Australia is mining and this is a major contributor of national GDP, accounting for seven percent. The mining industry is export oriented and accounts for 50 to 55 percent of national exports. The country has an ongoing demand for the modern and sophisticated equipment’s. This represents a vast number of opportunities for US suppliers (Korneev, 2015).
The determination and evaluation of different material risks from the initial stage to development and closure involve interaction with stakeholders. The key perspective involves taking into account their knowledge and outlook into different decisions. The disastrous impacts of hazardous equipment’s can be minimized by undertaking compensatory actions and pursuing the plethora of opportunities. The company BHP Billiton plans different strategies to effectively deal with material sustainability problem. The key investors in the organization have created an open platform to prioritize the concern areas and business prospects. The company is involved with annual sustainability assessment which is achieved through a periodic cycle of classification, prioritizing the important areas and affirmation and close review (Roest, Lomas and Mahoney, 2016)
The BHP Billiton is committed towards the chief environmental responsibilities. Few of them can be summarized below-
The labor costs in Australia are very high and the company shows a strong interest towards excavation, trains and trucks and different equipment’s. The BHP Billiton is a big name in the mining industry that has early adaptation towards mobile technologies (Donnelly, 2011).
The Research plan stands for communicating the strategy, vision, mission and goals and values of the BHP Billiton- the leading mining company. The BHP Billiton communicates through its charter and how it measures success. The foundation is based on the decision making, performance, accountability for a long term.
Aim of the Research Plan-The BHP Billiton’s broader approach is to stabilize the pre-requisites of various voluntary commitments.
Need Statement-The BHP Billiton is dedicated towards improvising the materialistic challenges and advancement towards viable development. The iron exports are worth A$60 billion and this accounts for 15 percent of total goods and services exports.
Project Description-The projects undertaken by BHP Billion are mainly focused towards enhancement of quality of life of citizens through its business activities. The employment of large workforce and direct and indirect social investment is done to contribute towards the accomplishment of sustainable development.
Budget- The BHP Billiton accounts for coal an export that has gone up by 14 percent of total exports. Travel and education services have generated A$25 billion in financial year 2017.
Organization Information-the BHP Billiton is involved with the typical export and import of locally assembled goods. BHP Billiton is a major player that caters to specialized markets and utilizes process control, different software technology.
These techniques can be summarized as below-
The Gantt Chart Schedule is a central component of the mining business. It is through the effort of BHP Billiton professional that all strategy, budget and financial goals are translate into time-based contexts. This informs the company with planning processes and management is able to take the critical decisions in expressive terms. This also provides the quantitative roadmap for the futuristic projects. There are different variables that are interconnected with conventional mining scheduling problems. The professional needs to set the temporal and the longitudinal plan for the allocation of assets, generation of revenue, cost management, quantity allocation, capital management through which business objectives can be attained. The conditions will vary across region and commodities. This is done in the unique modeling extraction and exploration context. All the feasible variables are defined within the framework. The Gantt Chart Schedule is prepared that is most advantageous to the organization. Mining schedule is one of the critical components of the research plan and problem must be handled to have a positive influence on the business success (Ong, Wang and Zainon, 2016).
The different costs must be overcome through proceeds/income capability of an organization. This is defined through the pricing techniques, recoveries and different variables. These are evaluated in relation to the different blocks processed. The business decision may get confound due to stockpiled of blocks like waste dumps or haulage capacity. When the company undergoes through the stockpiling, then it must be evaluated and reclaimed. This can be processed in successive periods. It is subjected to different environmental conditions and costs. Lastly, the company needs to evaluate the capital expenditures that are made available through a given investment. This must be performed to find out the maximum value of undertaking a project. The professionals need to understand the interrelationships that exist between the different variables and finding a feasible solution (Li & Zhang, 2012).
The BHP Billiton has registered an EBITDA margin of 40 percent for the financial year 2016. The commodity prices have shown slower growth of US$10 billion.
The company was able to achieve the productivity gains of US$435 million and remains constant for the financial year 2017.
The company has shown slow growth in Conventional petroleum by 25 percent, Iron ores by 18 percent, Queensland coal by 14 percent and grade adjusted Escondida by 20 percent respectively.
The company has reduced its Capital exploration expenses by 40 percent to US$ 6 billion and continues to decrease by US$ 5 billion.
On a cash source, the company has reported Capital exploration expenses to be US$ 7 billion and it is expected to get declines by US$5 billion in financial year 2017.
Conclusion
The different data visualization techniques play a key role in ensuring the projects meet with the different objectives. The BHP Billiton recognizes the strategic changes that are taking place within an environment. There are signs for analysis standards and heavy equipment’s being picked up. This company needs to adopt the demonstrated practices.
References
(2018). Retrieved from https://www.forbes.com/sites/timtreadgold/2014/11/11/china-and-india-fall-into-an-australian-coal-hole/#69975b5ae056
8415.0 – Mining Operations, Australia, 2014-15. (2018). Retrieved from https://www.abs.gov.au/ausstats/[email protected]/0/D96FCC4AEEA50923CA2568A90013940B?Opendocument
Australia’s export performance in FY2017. (2018). Retrieved from https://www.austrade.gov.au/News/Economic-analysis/australias-export-performance-in-fy2017
Caldecott, B., & Ma,, Y. (2013). Stranded Down Under? Environment-related factors changing China’s demand for coal and what this means for Australian coal assets.
Donnelly, J. (2011). BHP Billiton Forges Ahead With Large, Complex Projects. Journal Of Petroleum Technology, 63(03), 38-45.
Evans, R., Joy, J., & Brereton, D. (2007). Risk assessment as a tool to explore sustainable development issues: lessons from the Australian coal industry. International Journal of Risk Assessment and Management, (7(5), 607-619.
Korneev, S. (2015). BHP Billiton: assets optimization — scale quality or quality scale. Tsvetnye Metally, 15-19.
Li, Z., & Zhang, L. (2012). A Study on Multi-Project Management Based on Gantt Chart and Network Planning Technique. Applied Mechanics And Materials, 174-177, 2854-2860.
Mohr, S., Höök, M., Mudd, G., & Evans, G. (2011). Projection of long-term paths for Australian coal production—Comparisons of four models. International Journal of Coal Geology, (86(4), 329-341.
Ong, H., Wang, C., & Zainon, N. (2016). Integrated Earned Value Gantt Chart (EV-Gantt) Tool for Project Portfolio Planning and Monitoring Optimization. Engineering Management Journal, 28(1), 39-53.
Roest, R., Lomas, H., & Mahoney, M. (2016). Fractographic approach to metallurgical coke failure analysis. Part 2: Cokes from binary coal blends. Fuel, 180, 794-802.
Shah Neha K, S. (2011). Introduction of Data mining and an Analysis of Data mining Techniques. Indian Journal Of Applied Research, 3(5), 137-139.
Woodward, K., Wesseloo, J., & Potvin, Y. (2018). A spatially focused clustering methodology for mining seismicity. Engineering Geology, 232, 104-113.
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