-
Essay / BHP Billiton Global Success - 1599
BHP Billiton is a leading global mining and resources company with approximately 100,000 employees in more than 25 countries around the world. BHP was founded in 1885 as a proprietary Broken Hill company with three main operations such as minerals. , oil and steel. In the case of the minerals and oil market, this includes the production of iron ore, copper, nickel, silver, diamonds, oil and gas, and other natural resources. It also produces other services such as transportation and logistics, business services, strategy and legal. In The Hague, Netherlands, Billiton PLC was established in 1860, where it began its first extraction. Previously, this company focused on tin mining in Indonesia, on Billiton Island. Then, in 1997, it would join the FTSE (Financial Time and The London Stock Exchange) 100 Index. Some of the key market conditions before the merger were: • Global financial markets have been more selective. • Customers and consolidation. have become much more efficient.• The uncertain financial positions of most of the world's major economies.• Facing a period of slow or no growth. Prior to emergence, BHP Billiton is one of the world's largest producers engaged in the production of zinc aluminum, copper, manganese, iron ore, uranium, nickel, silver, oil, gas and titanium. To continue the expansion of the organization, it opened two new mining companies: • Queensland, the Canning coal mine tonnes of silver, zinc, lead and crinum and • Canada, the Ekati diamond mine . Subsequently, BHP was created as a dual listed company on 29 JUNE 2001 following the consolidation between two companies Broken Hill Exclusive (BHP) and BHP (PLC). It subsequently became one of the largest diversified resource companies in the world. Its main...... middle of paper ...... companies that compete with BHP in the steel industry are: Arcelor Mittal Nippon Steel and Amp JFE Holding incTate Steel Europe Company Arcelor Mittal and POSCO are the two main companies that operate with the same market approach and market capital value are 24.97 billion and 20.70 billion. CONCLUSION: In a nutshell, it can be said that BHP can be evaluated using several methods; it includes PESTEL analysis which helps in measuring external environmental factors, while ENVIORNMENTAL analysis is useful in knowing the strengths and weaknesses of BHP. Additionally, the STRATEGIC GROUP MAPPING technique describes that BHP has the highest position in the market and also illustrates its near and far competitors. However, their goal is not only to make money but also to focus on the growth and development of their local communities..