首页
登录
职称英语
Diamonds, sparkling under an African sun, have an attraction commensurate(相称
Diamonds, sparkling under an African sun, have an attraction commensurate(相称
游客
2024-09-22
8
管理
问题
Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For Anglo-American the opportunity to get their hands on some more has proved too much to resist. On November 4th the global mining giant announced that it would acquire the 40% of De Beers, a company that mines two-fifths of the world’s diamonds, from the Oppenheimer family for $5.1 billion. This takes Anglo-American’s stake in De Beers to 85% ; the rest is owned by the government of Botswana, where the firm digs up its gems.
The price looks right. Demand for diamonds has bounced back after the credit crisis in 2008 and the following recession in the rich world. More and more wealthy Indians and Brazilians seem keen to sport a "rock" to show just how well they are doing. And the shrewd Oppenheimers do not seem to be getting out of the business because its future looks bleak. There is apparently no family member who wants to take on diamond mining. Nicky Oppenheimer, De Beers’s chairman, foresaw the sale in February when he stood down from the board of Anglo-American.
For Anglo-American it resolves the issue of its non-controlling stake in De Beers. Analysts have long reckoned it should either sell or try to increase its stake. In fact the firm might yet spin off De Beers with an IPO. The terms of the deal allow the Oppenheimers to pocket some more cash from a flotation(债券发行)or sale in the next couple of years, suggesting that such an outcome is not unlikely.
It would also make sense. Anglo-American is a different beast to the global diversified mining giants that would count as its competitors. It stood apart from the wave of mining mega-mergers over the past decade or so—except as a potential target. The consolidation and the emergence of huge markets for the world’s resources have propelled BHP Billiton, for instance, to become one of the world’s biggest listed companies.
Many would claim that Anglo-American has suffered as a result. Once one of the world’s biggest miners, it now ranks alongside Xstrata, a company just ten years old, which in 2009 even attempted a nil-premium takeover of Anglo. It also has a significant portion of its assets in South Africa. And unlike its peers it has a large platinum business, as well as all the diamonds.
Anglo-American’s recent strategy has been to diversify out of South Africa, where the threat of nationalization, scarcely credible but a fear for investors none the less, hangs over it. Black-empowerment laws, a scarcity of water and electricity as well as an obstinate workforce make it a difficult place to operate. Botswana is far more accommodating, but it might also make sense to get out of diamonds: it is a business that is more about branding the rocks and less about the savvy(懂行的)capital deployment and logistical(物流的)know-how that are the hallmarks of the mining business. If that is Anglo’s eventual aim, then the deal looks like a smart move. [br] Which of the following is NOT the reason for Anglo-American to diversify out of South Africa?
选项
A、The threat of nationalization.
B、Local regulations of laws.
C、Lack of diamonds.
D、Uncontrolled workers.
答案
C
解析
细节题。根据最后一段前两句可知,英美资源集团最近的战略是在南非之外实现多元化,在南非,国有化的威胁笼罩着该公司……赋予黑人权利的法律、水电的短缺以及难以管束的员工都使得南非成为企业运转的问题地区,[A]“民族主义的威胁”、[B]“当地的法律规定”和[D]“难以控制的工人”为英美资源集团欲退出南非的原因。而[C]“缺少钻石”则不是,故为正确答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3769908.html
相关试题推荐
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称
Whyarethebeescalled"AfricanizedHoneyBees"?[br][originaltext]These
Whyarethebeescalled"AfricanizedHoneyBees"?[br][originaltext]These
WhathadSouthAfricanAmbassadorKumaloexpecttheSecurityCounciltodo?[br]
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称
Accordingtothenewsitem,wefindthatSouthAfricans[originaltext]South
随机试题
JasonBraddockknewhehadtopayforhiscollegeeducation,sohewenttow
Literatureisameansbywhichweknowourselves.Byitwe(1)______meetfu
"Doyouthinkitisgoingtorainovertheweekend?""______".A、Idon’tbelieveB
HappinessandSadnessHappinessandsadnessare
《国家中长期教育改革和发展规划纲要(2010-2020年)》明确教育改革发展的战
Flynn分类法根据计算机在执行程序的过程中()的不同组合,将计算机分为4类。
患者,男性,53岁。吸烟史33年,每日1包,有咳嗽咳痰病史约7年,气促进行性加重
(2018年真题)关于清算的说法,错误的是()A.人民法院判定宣告公司破产
知识是建设项目负责人整体素质的基础,扎实的专业知识、广博的知识面有助于综合素质的
依据变电检修管理规定,地市公司电力调控分中心需要履行以下哪些职责()?(A)
最新回复
(
0
)