Media Summary Aanalysis
BUSS1002 - The Business Environment
4 Pages • Essays / Projects • Year: Pre-2018
Summary Thompson (2014) analyses the performance of BHP Billiton in the iron ore industry during the period of 2015-2016. He notes that BHP had missed its shipping target of 260 million tonnes. Their yearly target for 2016 was also downgraded by 10 million tonnes earlier in April. However, Thompson believes that BHP will focus on value over volume. Furthermore, the level of iron ores stockpiled is at its highest since December 2014. Therefore, the plentiful seaborne supply, coupled with the increased value means that BHP is expected to “behave rationally medium-term” with regards to shipping rates. Key Concepts
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