1. Enterprise building challenges of mining companies in the future.
- Author
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BHATTACHARYA, JAYANTA
- Subjects
- *
MINERAL industries , *MINING corporations , *MERGERS & acquisitions - Abstract
(This paper is drawn from various chapters of the author's forthcoming book, "Principles of Mine Planning, Vol-II, Enterprise Building", now in press. Reprinted with permission from the Publisher, Engineering Press) 1. "....BHP Billiton has come out of Australia; Vale came out of Brazil and Anglo American of South Africa. It was absolutely imperative that an Indian natural resources player should be seen as emerging. We need not one, but at least five such Indian companies. So, we have taken the first step where we can say to the world we are an Indian natural resource player going global". 2. " One metal company cannot create and sustain value. A metals 'pure play has very less value. Vale has always suffered ... so they have now added coal, copper, etc, to have a mixed basket and diversify. As an Indian company, we have really large capacities but internationally we are still small. We have only created a foundation for taking off ". Anil Agarwal, Chairman, Vedanta Resources on justifying merger of Cairn Resource, India with Vedanta Group. [ABSTRACT FROM AUTHOR]
- Published
- 2013