首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For Anglo-Americ
Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For Anglo-Americ
admin
2015-09-26
60
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.
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://kaotiyun.com/show/ZSXK777K
0
专业英语四级
相关试题推荐
Smoking,whichmaybeapleasureforsomepeople,isaserioussourceofdiscomfortfortheirfellows.【C1】______,medicalautho
BBC’sweatherforecastisa______programme.
Processesinthehumanbodyarenotinallrespectsexactly______tothose’thatcanbeproducedintheexperimentalanimals.
Aftertheseventeenthcentury,themajorityofHarvardgraduatesenteredprofessions______theministry.
Inatelephonesurveyofmorethan2,000adults,21%saidtheybelievedthesunrevolvedaroundtheearth.An【C1】______7%did
Inatelephonesurveyofmorethan2,000adults,21%saidtheybelievedthesunrevolvedaroundtheearth.An【C1】______7%did
Accordingtothenewsitem,PresidentObamaisvisitingthefollowingcountriesEXCEPT
Mercifully,IwasabletocompleteallIhadtodowithinafewdays.Theunderlinedpartmeans______.
Suicide,thenumber-twokillerofcollegestudent,claimsthelivesofapproximately5,000college-agepeopleeachyear.Thatnu
MovementoftheEarthIfyouaretravelingforwardsinatrain,thethingsaroundyououtsideseemtobemovingbackwards./T
随机试题
导致人体气虚的主要原因是()。
下列哪些药物具有行气作用
对于继发性高血压,下列哪项不正确()(2000年)
患者男,27岁,以左侧后牙自发痛、夜间痛为主诉就诊,检查前倾阻生,牙冠与远中牙颈部形成的间隙有较多的食物嵌塞,远中冠周轻度充血,冠周袋无脓,触痛(福),X线见远中牙颈部深龋。最恰当的应急处理
张某、王某、孙某和李某成立一个有限合伙企业。张某为有限合伙人,王某、孙某和李某是普通合伙人。2005年5月张某在其他合伙人不知情的情况下擅自与一个戊电子企业签订合同,戊电子企业相信张某为普通合伙人而与其交易。而该交易使合伙企业欠戊电子企业3万元钱。2006
设置在高层建筑一层内的燃气锅炉房,下面做法没必要的是()。
( )是指权利人依法对特定的物享有直接支配和排他的权利。( )是指用益物权人对他人所有的不动产或者动产,享有占有、使用和收益的权利。
已知某工程双代号网络计划的计划工期等于计算工期,且工作M的开始节点和完成节点均为关键节点,则该工作()。
企业不论在成本模式下,还是在公允价值模式下,投资性房地产取得的租金收入,均确认为其他业务收入。()
计算D2n=
最新回复
(
0
)