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Kumba Iron Ore Ltd As one of the iron ore mines in South Africa, Kumba Iron Ore focuses on exploring, beneficiating, marketing as well as
Kumba Iron Ore Ltd As one of the iron ore mines in South Africa, Kumba Iron Ore focuses on exploring, beneficiating, marketing as well as the sales of iron ore to the international market. The company succeeded Kumba Resources after the operations of coal and heavy minerals spun off back then in November 2006. The result of this birthed Kumba Iron Ore which now focuses on heavy minerals and Exxaro Resources which is in charge of coal. Kumba Iron Ore, as of 2014, had a net income of R14,148 million and a total of 14,040 employees. Source: https://briefly.co.za/29502-list-biggest-mining-companies-south-africa.html [Accessed 9 February 2023]. Q.1.1 With any manufacturing organisation, there is always the question of environmental (15) issues. Environmentalism and the focus on global warming have placed environmental considerations on the agenda for all organisations. Discuss the role of environmental stakeholders at Kumba Iron Ore Ltd. In your discussion, argue the importance of environmental stakeholders. 1.2 The term "bottom line" is well-known when referring to the profits of an organisation, but the term "triple bottom line" (TBL) is now becoming a common term. Justify the need for the triple bottom line in an organisation such as Kumba Iron Ore Ltd. Explain why it can be important to the organisation and in your answer, include how the triple bottom line can be useful to Kumba Iron Ore Ltd. 1.3 Several stages have been identified in the development of stakeholder relationships. Outline and explain these five stages. 1.4 In building relationships with investors, the organisation should make use of the RACE (research, analysis, communication, and evaluation) formula. If you were the investor relations manager of Kumba Iron Ore Ltd, describe in detail how you would use the RACE formula to reach investors. In your answer, you should begin by explaining the RACE formula and then apply the formula to your role at Kumba Iron Ore Ltd
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