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
31
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
ThethreebiggestliesinAmericanare:(1)"Thecheckisinthemail."(2)"OfcourseI’11respectyouinthemorning."(3)"I
ManypeopleinvestinthestockmarkethopingtofindthenextMicrosoftandDell.However,Iknow【C1】______personalexperie
Smoking,whichmaybeapleasureforsomepeople,isaserioussourceofdiscomfortfortheirfellows.【C1】______,medicalautho
Smoking,whichmaybeapleasureforsomepeople,isaserioussourceofdiscomfortfortheirfellows.【C1】______,medicalautho
Smoking,whichmaybeapleasureforsomepeople,isaserioussourceofdiscomfortfortheirfellows.【C1】______,medicalautho
Inatelephonesurveyofmorethan2,000adults,21%saidtheybelievedthesunrevolvedaroundtheearth.An【C1】______7%did
Globalwarmingisthegradualincreaseofthetemperatureoftheearth’sloweratmosphereasaresultoftheincreaseingreenho
Inrecentdecadeschildspecialistshavetriedmoreandmoretohelpparentswiththeirchildren’sschoolbehavior.Schoolsofe
AttheuniversityMr.Robinsonspecializedin______.
Diamonds,sparklingunderanAfricansun,haveanattractioncommensurate(相称的)withtheirhighpriceandbeauty.ForAnglo-Americ
随机试题
甲国法院按照本国冲突规范的指引本应适用乙国法,而乙国冲突规范却指定应适用甲国法,甲国法院结果适用了本国的实体法,这种情形称为()
函数f(x)的导函数f’(x)的图象如图所示,则在(-∞,+∞)上f(x)的单调递增区间是()
危险度评价指标不包括哪一项
患者,女性,42岁,右下颌第三磨牙残根,曾患有甲状腺功能亢进,现症状不明显,基础代谢率正常,心率85次/分。此时正确的处理为
能缓解氯丙嗪引起急性肌张力障碍能减少左旋多巴在外周的损耗,提高脑内DA的浓度
甲、乙签订买卖合同,甲向乙购买5台机器及附带的维修工具,机器编号分别为E、F、G、X、Y,拟分别用于不同厂区。乙向甲如期交付5台机器及附带的维修工具。经验收,E机器存在重大质量瑕疵而无法使用,F机器附带的维修工具亦属不合格品,其他机器及维修工具不存在质量问
下列参与审计业务的人员中,不属于注册会计师的专家的是()。
甲公司为上市公司,该公司内部审计部门在对其2015年度财务报表进行内审时,对以下交易或事项的会计处理提出疑问:(1)2015年12月31日,甲公司有以下三份尚未履行的合同:①2015年2月,甲公司与乙公司签订一份不可撤销合同,约定在2016年3月以每箱
生产理论主要研究()之间的关系的理论。
甲、乙两人轮流投篮,游戏规则规定为甲先开始,且甲每轮只投一次,而乙每轮连续投两次,先投中者为胜,设甲、乙每次投篮的命中率分别是p与0.5,则p=________时,甲、乙胜负概率相同。
最新回复
(
0
)