EUROPEAN BUSINESS SECTOR
MINING INDUSTRY
TWAREEQ IMAMBACCUS
EUROPEAN BUSINESS ENVIRONMENT
DR. INMA RAMOS
WORD COUNT: 2000
06/04/2015
RICHMOND THE AMERICAN UNIVERSITY IN LONDON
Outline
I. Introduction
A. Member of the mine industry
B. Trading metals and minerals inside and outside the EU
C. Goods and services that are offered
D. Basic statistic on production
II. The Single Market for mining
A. Achieving free movement of mining across the EU
B. Free movement of mining in the EU
C. Free movement of employees and consumers in Euromines across the EU
D. Free movement of capital in the EU mining industry
E. Public sector procurement of mining
F. Importance of research and development for internal market
G. Trading barriers
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Through the activities and operations of these members, metals and minerals were created in more than 42 types. Europe is the world 's leading producer of some metals and minerals. Euromines also delivers an official pedestal in which the members assess how European and International policies and legislation affect the industry and express common positions and actions to undertake. The mining industry is mainly involved in the primary sector of the EU economy as the members of Euromines extract metals and minerals from the environmental sites such as mining locations and quarries. The main metals that are mined are bauxite, chromium, gold, iron and silver and this contributes to 100% of the EU production. Euromines Representation in Metals Mining in % of EU Production The main minerals that are extracted from the quarries in the EU are Barytes, Potash, Magnesite, Bentonite and Sulphur and this accounts for 100%, 100%, 93%, 85% and 71% of the EU production respectively.
Euromines Representation in Industrial Minerals in % of EU Production The main countries in the EU where the metals and the minerals are traded are in the Denmark, Italy, Germany and Belgium. These are the member states where the metals and minerals are mainly found and extracted for production of various goods. The graph above shows that the main exporters of metals and minerals are Germany, Italy and Belgium.
Single Market
The EU single market engages in attaining the free movement
When mining gold there is about 1 ounce of gold per ton though when mining on the surface that statistic drops to about 0.5 ounce of gold per ton. Gold is highly valued at about $120,000 per truck this is because gold is malleable, and it never loses luster or rusts. Next, copper which is also a valued metal because of its specific properties, it conducts electricity and bacteria doesn’t like to come in contact with copper. Many people have found the value in copper and trade copper in the same way stocks and shares of companies are traded. And finally bronze which is made of 80% copper and 20% tin, bronze is used in the manufacturing of bells. Bronze is used in the making of bells because when copper, a pure substance, is hit it creates a ripple effect making the bell easy to dent, with tin the rows of copper atoms are more stabilized, but too much tin can result in a bell cracking as the Liberty bell did.
Out of the 28 members of the EU, there is ought to be a country with a weaker economy. Based off of Nauro F. Campos, Fabrizio and Luigi Moretti’s research, countries that recently joined (2004) the EU like Portugal, Czech Republic and Hungary now has an economy much higher than their synthetic GDP. Which is the predicted GDP if they didn’t join the EU (Doc B). This information proves that the EU does actually work economically as countries in the organization by improving their economy and supporting them. Another example of this economic growth is Poland. According to Mitchell A. Orenstein, the Polish economy had been growing “rapidly” for 20 years. At more than 4% a year. He also stated that some German industries are able to produce goods in Poland for cheaper than China. These examples show how the EU is able to support its members economically and still benefit the stronger members at the same time. Benefiting both sides brings peace in between the countries, which brings me to this last
Mining has strong increase in revenues and investment in the mining sector and for other industries aligned to mining and resources. Modelling undertaken for this document estimates that the mining increase has on average delivered 0.62 per cent to whole funding
It is not surprising that in document 4 a British merchant would write about the advantages of silver because, as he describes silver has allowed him to trade with places such as Portugal, China, and Japan. The new trade not only improved the lives of the countries giving or receiving silver, but it also positively impacted many merchants. As described, the amount of trade in the region increased as merchants began to travel through areas in Europe providing things such as silk, gold, porcelain etc. These new extravagances improved the quality of life of many European countries especially Spain. Furthermore, as described in Document 8, much of the European world was introduced to “luxuries” from China and other parts of the world due to their key role in the global flow of silver. However, the English scholar also mentions that European countries gain nothing of “solid use” only perishable commodities and luxuries. This describes the dependence that many regions had on European countries however, this reliance on resources was not reciprocated by the Europeans. As illustrated in Document 7 the silver mining in Spain truly encouraged the global trade of the resource. It brought about more diversity in trade as well as improving the economies of many countries and regions. This illustrates the relationship that many Asian countries had on Europe creating many
economic, social and environmental responsibilities, while making a positive and lasting contribution to the environment and communities in which it operates. However there is also a large amount of informal alluvial diamond digging – which is not currently regulated and therefore neither is its impact on the environment. This document, as the majority of diamond mining is formal, focuses on the environmental impact on this sector.
jewelry and tools. Europeans never stopped wanted resources so they had to reach out to other
Mining has been an important source of income in Wales throughout time. At their peak in 1884, the Llechwedd slate caverns produced 23,788 tonnes of slate used
California also does a lot of mining. (cite) California and Portugal have a lot of similarities when it comes to how they bring in income.
The European Union is a union consisting of 27 countries that have an agreement of free trade. This is when the countries within the EU can trade with each other without any tariffs. They all use the same currency which is Euros apart from the UK and Gibraltar who use GBP (Great British Pound). The advantage of this for L’Oreal is that it allows them to expand in other countries such as France, Spain and Italy without being charged any extra fees for selling and trading within that country. It also allows L’Oreal to invest in other EU countries if
Theses are exported for the iron that they need, and gold and silver after that.
Export dominated by mining sector with 40 % valued, followed by manufacture, construction and agriculture, forestry and fishing (REMPLAN 2015).
As mentioned above, Australian production in iron ore expected to be strong and Indian iron ore exports expected to take off in the next few years. I expect worldwide iron ore vessel shipments to
With the inclusion of theses countries in the EU the average wage went up and the living conditions have improved. They now are able to afford all the commodities that the rest of Europe has been enjoying for years.
There are many benefits of trading within the EU, the agreement in 1993 was effectively the start of what we now refer to as the single market, it removed the borders of a member country for trade enabling the free movement of goods between members without the encumbrance of the customs process and reducing the need of a significant amount of accompanying documents that was required for goods being moved across borders. Previously it was necessary for goods to be shipped with certificates of origin, Invoices, packing lists with a full breakdown of package contents. If moved by road, which is the normal method of transport within the EU, a CMR transport note
Brandes, et al (2007) reports that there are at least five sets of primary drivers affecting the future of European manufacturing: