9-799-130
REV: MARCH 11, 2002
KENNETH S. CORTS
Aluminum Smelting in South Africa: Alusaf's
Hillside Project
At the beginning of 1994, Alusaf was considering building the world’s largest greenfield primary aluminum smelter, a 466,000-ton-per-year smelter at Richard’s Bay, a deepwater port on the east coast of South Africa’s province of Kwa-Zulu Natal. Alusaf was the sole primary aluminum producer in South Africa, operating 170,000 tpy of capacity at the existing “Bayside” facility at
Richard’s Bay. Alusaf’s 1993 revenues were $220.2 million, up 1% from 1992. Income was $8.6 million, up 122% from 1992.
A feasibility study for the proposed “Hillside” smelter had been completed over the past two years. During this time, South
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Since that merger, Gencor had been a diversified financial, mining and industrial conglomerate. In May 1993,
Gencor announced it was spinning off its financial and industrial interests in order to refocus on its mining, metals, and minerals businesses. In addition to Alusaf, the companies retained in the
“unbundled” Gencor included the world’s third-largest gold producer, the world’s second-largest platinum producer, the world’s largest producer of ferroalloys, and the world’s largest supplier of titanium dioxide feedstock. Basic financial results for Gencor are given in Table A.
Table A
Gencor Financial Results
(US$ millions)
1993
1992
Net income
$ 258
$ 379
Total assets
3,766
4,439
Cash
Shareholders’ equity
Long-term debt
327
3,404
69
723
3,971
177
A number of companies besides Alusaf participated in the South African aluminum industry either as scrap recyclers or as fabricators. The production of secondary aluminum had held relatively steady at about 30,000 tpy since 1980. Together with primary production, this brought total domestic production to about 200,000 tpy (see Exhibit 1).
In 1994, semifabrication in South Africa remained primarily focused on domestic demand. South
African aluminum exports totaled approximately 100,000 tpy, of which 20,000 tpy were semifabricated products and 80,000 tpy were
As previously mentioned, net sales will be estimated beginning with the $61 million in net sales projected for 1991, then relying on Goldman Sach’s projected growth rate for 1992 and 1993, and using a 5% growth rate from that point forward. Net income is estimated for 1992 and 1993 using Goldman Sach’s estimate of the margin.
Financially 1993 was a record year: FPL’s capital expenditure was expected to decline by 33% over the next five years. Annual sales growth of 3.4% for the past five years exceeded the national average of 2% and was expected to exceed the average again for the next five years (2.7% vs. 1.8%).
Total profit show a positive increase from 18% in 2013 to 31% in 2015, far reaching the brothers’ preference of $1.1 M in 2015, Appendix 3 showed $1.4 M net profit
Joining Ironkids was a huge decision because this is when he started to doing cycling and other athlete sports. This is when he was a part of the triathlon. Where swam, ran, and biked for money to help his mom when she was taking shifts at a dinner. This was when Lance transformed into a manlier figure by supporting the family with his money. He also learns dedication when he was hit by a truck and he was very injured. Lance told his mom he was going to do the triathlon. He was say he was not going to quiet because he was injured. He wanted to show that even if he is injured he wanted to still try.
Using base period CPI (1982-1984=100) (2007CPI/2006CPI) x 2006 Sales = Adjusted Sales (207.3/201.6) x $171,179 = $176,019 When adjusted for inflation, sales grew at a rate of 1.24%, which means that sales growth has kept pace with general inflation.
Sales took the most percentage of total revenue. The revenue of sales increased gradually from $ 214,934 (in thousands) in 2010 to $ 260,832 in 2012 while the figure of royalties reduced gradually from $ 873 in 2010 to $ 681 in 2012 (in thousands). The revenue of other income increased from $ 1,286 to $ 1,325 during this period and then the figure decreased dramatically to $ 533 in the financial year 2012. In addition, in the financial year 2012, a new resource of revenue called membership was developed with the figure of $54.
There is certainly a market for this product. It is the market that is currently dominated by asbestos pad and micarta slab users, and is comprised of uneducated (about cushion pads) and price-sensitive customers. Prior to CMI’s involvement, “the pile-driving industry had paid very little attention to cushion pads.” There was no dominant manufacturer, little-to-no branding, and ambiguous distribution channels.
Over 2/3 of all aluminum ever created is still in use. Most of the 1/3 not still in use is aluminum cans in landfills.
Their mine and production facility at Vanscoy has a current production capacity of over two million tons annually. Expansion projections of 750,000 tons would increase production levels by up to 40 percent.
1993 Operating Cost Structure ($/metric ton except where noted) Average Total electricity and alumina cost Other raw materials Plant power and fuel Consumables Maintenance Labor Freight General and administrative Total 683
Q #1 The factors I would consider in setting a just financial compensation for each of the victims are as follows:
BHP Billion, a merging cooperation of BHP and Billion in 2010 (BHP Billiton, 2011), is a world leading company in mining and resource exploiting. According to ASX data, BHP Billion has the largest business scales in the Australian market, AU$166 billion of market capital and AU$71 billion of annual operating revenue in FY13 (Australian Securities Exchange, 2014). Over 128,800 employees and contractors work in 26 countries worldwide to create value for their shareholders (BHPB Annual Report, 2013). The core business has been classified into five units: petroleum, copper, iron ore, coal and aluminum, making 20%, 18%, 17%, 31% and 14% respectively in the revenue of FY13. It can be seen from Graph 1 that although iron ore was not the segment with the largest assets, it still returned with the largest revenue and highest ROA rate in 2013. The following paragraphs will focus on the strategy analysis on the segment of iron ore and how it can conquer possible threats
I came up with $3.2m by taking the 1st quarter revenue of $718,000 which is historically approximately 22.5% of the yearly revenue. Assuming this holds true again in 1991, the annual revenue in 1991 will be around $3.2m. This is a 19% year over year increase in revenue for BLC, which is in line with their year over year growth in 1989, and less than the 34% in the best year, 1990.
Credit Accumulation & Transfer Scheme (CATS) – Undergraduate – Degree in Business & Management Studies
3. Manufacturing capacity has been increased substantially since the last year with a new plant in Khandala, Maharashtra set up with initial capacity of 300 thousand kl per annum