Rio Tinto Group Wholly Owns and Operates Essay

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Rio Tinto Group wholly owns and operates mining and processing ventures under the holding Rio Tinto Iron Ore Group. This group is largely focused on projects in North America and Australia. Development projects are underway in West Africa and India but are currently uninvolved in the iron ore projects in Mozambique and Tanzania (Rio Tinto Iron Ore 2011). Regarding subsidiary management, the Rio Tinto Group has made clear that they require all of their subsidiaries to develop independent programs to remain in compliance with the Group's policies, such as the sustainable develop initiative the Group developed in response to climate change (Rio Tinto 2011). The Group stated all of their subsidiaries are required to develop three-year programs to bring them into compliance with Rio Tinto's policies.

Rio Tinto, like other mining multinational enterprises, has encountered a shortage of mining inputs such as tires, due to the huge expansion in demand of mined metals worldwide.

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Rio Tinto's response to the shortages began in 1998 when the Group leveraged its spending toward larger-scale resource acquisitions which, over the past decade, has resulted in a fully integrated global procurement strategy which has widened profit margins (Rio Tinto 2006).

Rio Tinto's coordination and support systems are being rapidly modernized and largely automated through an initiative starting in Perth, Australia, called "Mines of the Future" (MOF). This large-scale civilian robotics project, the largest of its kind, will result in the automation of on-site transportation as well as equipment maneuvering and packaging. The creation of an operations center in Australia for all projects moving into MOF operation will reduce the number of staff needed in the ground in foreign territories, instead relying on fiber optic and satellite communication. The accuracy and coordination aspects of….....

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