The Risk Management Pl A High Level Overview Of The...

The risk management plan provides a high-level overview of the project. It is the process of identifying, assessing, responding, controlling, documenting and reporting risks. A risk is an event or condition that could have a negative effect on a projects objectives and success. A risk could also create a positive effect known as an opportunity. This paper will define how risks associated with the driveway resurface project will be identified, analyzed and managed. It further outlines how risk management activities will be performed, recorded, and monitored through the lifecycle of the project. MORE Roles and Responsibilities The roles and responsibilities will describe the people who are responsible for managing the identified driveway resurface project risks and their responses, and for each type of activity identified in the risk management plan. There are specific members of the project team that will be assigned as risk managers. The following people will be responsible in their respective areas: (a). Project Manager – Accountable for the planning of risk and ensuring the risk management plan is implemented and adhered to; identify key personnel to carry out risk manager roles; and be involved in the identification, analysis, responses, monitor and control of all identified risks; and further establish a framework for unidentified risks. (b). Contract Department – Responsible for developing mitigation and contingency plans and perform the steps required to identifyShow MoreRelatedCobit Framework21120 Words   |  85 Pagesorganisation representing individuals in more than 100 countries and comprising all levels of IT — executive, management, middle management and practitioner. The Association is uniquely positioned to fulfil the role of a central, harmonising source of IT control practice standards for the world over. Its strategic alliances with other groups in the financial, accounting, auditing and IT professions are ensuring an unparalleled level of integration and commitment by business process owners. The InformationRead MoreChina National Offshore Oil Corporation: Organizational Analysis7102 Words   |  29 PagesMBA 684 Organizational Analysis | 4/2/2013 | Professor Mark Lee | Nick Chen | ç› ®Ã¥ ½â€¢ Executive Summary 2 Company Overview 3 Organizational Structure 4 Organizational Culture and Social Responsibility 4 Organizational Strategies 5 Opportunities in the Domestic Environment 6 Overseas Acquisitions 7 Strength of Organization 9 Threat of Organization 10 Products and Services Offered by CNOOC 11 Information Technology and Control Systems 12 Organization Size and Life CycleRead MoreInternal Logistics as Part of Supply Chain13971 Words   |  56 Pagesof Nokia-China internal logistics by looking into Nokia-China’s internal logistics in Dongguan Branch- Supply Logistics Department. NOKIA is already a strong, international and successful company. It has its own set modes in organization and management. In the study, the case department is presented as example of internal logistics process for others. However, every department has to constantly improve itself, and create maximum benefits. This thesis states relevant theories of logistics, supplyRead MoreMerger and Acquisition: Current Issues115629 Words   |  463 PagesMergers and Acquisitions Current Issues Edited by Greg N. Gregoriou and Karyn L. Neuhauser MERGERS AND ACQUISITIONS Also edited by Greg N. Gregoriou ADVANCES IN RISK MANAGEMENT ASSET ALLOCATION AND INTERNATIONAL INVESTMENTS DIVERSIFICATION AND PORTFOLIO MANAGEMENT OF MUTUAL FUNDS PERFORMANCE OF MUTUAL FUNDS Mergers and Acquisitions Current Issues Edited by GREG N. GREGORIOU and KARYN L. NEUHAUSER Selection and editorial matter  © Greg N. Gregoriou and Karyn L. NeuhauserRead MoreImpooving Employee Performance72019 Words   |  289 PagesEdition Donald L. Kirkpatrick Foreword by Dick Grote American Management Association New York †¢ Atlanta †¢ Brussels †¢ Chicago †¢ Mexico City †¢ San Francisco Shanghai †¢ Tokyo †¢ Toronto †¢ Washington, D.C. Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019. Tel.: 212-903-8316Read MoreProject Management Sample Assignment4110 Words   |  17 PagesAssociation for Project Management (APM) suggests that the project business case provides justification for undertaking a project by evaluating benefit, cost and alternative options. The main purpose is to obtain approval and commitment for investment in the project (Association for Project Management 2006, p.129 and MGT8022, USQ 2013). According to Project Management Institute (PMBOK, PMI 2013), the business case describes information from a business standpoint to determine whether or not the project is worthRead MoreTechnical Review Task Force : Master Data Management Service ( Pk And Spms )2751 Words   |  12 Pagescompl ement the operation under the Umoja model. Master Data Management was identified by the UPIRTF as one of the top issues and proposed that an Integrated Master Data Management Service (IMDMS) along with any other required governance structures be established. To this end, the IMDMS is being established by the IMDMS Working Group and led by a dedicated resource both appointed by the UPIRTF. The IMDMS, in addition to offer Master Data Management services to its customers, shall be the responsible entityRead MoreCoso3205 Words   |  13 PagesEnterprise Risk Management — Integrated Framework Executive Summary September 2004 Copyright  © 2004 by the Committee of Sponsoring Organizations of the Treadway Commission. All rights reserved. You are hereby authorized to download and distribute unlimited copies of this Executive Summary PDF document, for internal use by you and your firm. You may not remove any copyright or trademark notices, such as the  ©, TM, or  ® symbols, from the downloaded copy. For any form of commercial exploitation distributionRead MoreCoso Framework3220 Words   |  13 PagesEnterprise Risk Management — Integrated Framework Executive Summary September 2004 Copyright  © 2004 by the Committee of Sponsoring Organizations of the Treadway Commission. All rights reserved. You are hereby authorized to download and distribute unlimited copies of this Executive Summary PDF document, for internal use by you and your firm. You may not remove any copyright or trademark notices, such as the  ©, TM, or  ® symbols, from the downloaded copy. For any form of commercial exploitationRead MoreIslamic Banking vs Conventional Banking3346 Words   |  14 PagesIntroduction Islamic finance is one of the fastest growing sectors of the global financial industry. It has become essential in some countries and very relevant in others. Many factors have influenced to the rapid growth of Islamic finance, including: (i) high demand in many Islamic countries; (ii) growing demand of foreign investors to invest in Islamic banks, along with introducing it to their own countries; (iii) consistent progression in the strengthening of their legal framework to a more reliable and

Music And Its Effect On Society - 1524 Words

Music to Mind Statistics show that the average American listens to around four hours of music each day (Stutz 2). This means that Americans listen to roughly 1,460 hours of some type of music every year. If people listen to this much music, there has to be a way to use it for good. Once people stop thinking about music as just an extracurricular or a way to pass time, the music movement will grow by showing others what crazy things it can do. Right now, America is all about using everyday activities and making them into something more. Being engaged in music, and all fine arts, is a perfect example of an underdog exceeding people’s expectations and doing great things. Music has been shown to make connections in the mind, aid patients with alzheimer s and dementia, and help students succeed more in school. Listening to different genres of music has been proven to affect the brain and the way it thinks. A study was done at UC Berkeley, showing that songs with different tempos, make our minds think of different things, especially colors (Anwar 3). They set up a test, where people listened to the same song, and closed their eyes. When the song was over, they had to choose what colors they associated with the song. For example, Mozart’s Requiem in D minor connected people with dark, bluish grey colors, while his Flute Concerto No.1 in G major connected people with bright yellows and oranges (Anwar 2). A good way to detect the difference is in the major and minor keys.Show MoreRelatedMusic And Its Effect On Society1500 Words   |  6 Pages Music as life provider, never would I have suspected that music could possess a strong element in treating the human body, despite the pure entertainment, music can give to us, it cannot compare to how it affects people. The main reason for it would be how it is used for medical purposes, how it is affecting us (health wise), and how it helps educationally. There are a lot of interesting aspects that music brings and it is identified as analgesic and anxiolytic. It has been used as a therapeuticRead MoreMusic And Its Effect On Society1080 Words   |  5 PagesMusic can produce many effects, mental and physical, in listeners and participants. Cultures throughout history have recognized these effects and used music for healing, productivity, and socialization. Currently different aspects that affect individuals’ chemistry, development, and performance are being studied. The placebo effect, a common mind over matter concept, will be looked at in its relation to music. The chemistry behind music is not as revolutionary as one might assume. For simplicityRead MoreRap Music And Its Effect On Society Essay1277 Words   |  6 Pagesthink that it is only classical music that has a positive effect on society because of its soft tune and melody, but in fact rap music can have that same effect. The reason that some people think rap music leads to violence is because gang members can often be found listening to rap music, and they dress in the urban clothing style of rappers. The reality is that rap music is greatly misunderstood. The media often portrays rap music as negative and focuses on rap music more when it is related to somethingRead MoreRap Music And Its Effects On Society1535 Words   |  7 Pagesmore recent rap music that glorifies sexual themes, practices and criminal mischief. This violent rap music has been seen to have harmful and undesirable effects on the behavior of adolescents as seen in many academic journals and a couple of long ter m scientific experiments. Even though many have acknowledged these negative effects seen in rap music of this time, some have used rap music to relay more positive messages such as using rap music in church sermons or just releasing music without the crudeRead MoreRap Music And Its Effects On Society1860 Words   |  8 Pageslyrics over a basic beat or rhythm. Many members of society today assume that rap is a dangerous and violent influence, however what they seem to be ignorant of is the fact that rap music is actually beneficial. The majority of the world we live in today has unjustly classified rap as a barbaric form of music, unfit for any decent human to listen to, but the reality of the situation is, that people simply cannot accept the culture known as rap into society. Nowadays, rappers such as Kanye, Soulja Boi,Read MoreElectronic Music And Its Effect On Society1595 Words   |  7 Pages When it comes to electronic music the general assumption is that it is mindles s noise that can be created by anyone with a music program and a laptop. The reality is that the process of creating electronic music is very complicated and tedious. It is also likely that the same people that say they dislike electronic music or that it isn’t real music enjoy listening to it without their knowledge of it. Electronic music is not only found almost everywhere but creating it can be compared to writingRead MoreMusic Therapy And Its Effects On Society1697 Words   |  7 PagesFortunately, for the people facing these issues, there is. Music therapy is a relatively new approach that doctors, teachers, and many others are taking to help heal and improve the quality of life for their patients and students. It’s starting to become more common around the United States and is expected to become even more popular in the future. Books like Chinua Achebe’s Things Fall Apart support the idea of music therapy by demonstrating how music can be used to soothe and improve the moods of individualsRead MoreChinese Music And Its Effect On Society1622 Words   |  7 Pages Chinese Music has been around for thousands of years. Their music is created to entertain the high royals in china as well the people. According to the China Highlights, the traditional music was so important because it was the ideal society to help conduct and govern them. It was also used for not for entertainment, but for musicians to accomplish a political and social goal. For more than centuries, learning how to play an instrument was taught at a very young age. Growing up, they would goRead MoreRap Music And Its Effect On Society1915 Words   |  8 PagesAs a whole, â€Å"Rap music† is a misrepresentation of black culture. Rap teaches youth that violence, demeaning women and participating in criminal activity are acceptable in today’s society. Despite the rap artists’ that do use self-expression as a means of changing the way listeners view society, rap music contradicts the good that it can create. Rap is proven detrimental toward society, despite the p olitical views most believe it provides. Simply stated, raps contradictive nature makes it impossibleRead MoreMusic Therapy And Its Effect On Society1786 Words   |  8 Pagesabout my own experiences with music and how music affects all mankind, I wondered how others were affected by music. Does music really make a difference or is it just an opinion. As early as the days of Aristotle and Plato, it was believed music had healing powers. (1- AMTA) When I began researching music therapy, it was much different than what I expected but I do believe it is a career that can beneficial to all. As I continued to explore the benefits of music therapy, I found much research

Analysis Of Trifles By Susan Glaspell - 1042 Words

The time and setting tell a lot about what a story and its underlying meaning can represent to each character individually and together. In the short play â€Å"Trifles† by Susan Glaspell, readers and viewers are taken back to a period that is a lot different than the current. From the surroundings, viewpoints of each sex and their assigned roles in the society all gave a greater understanding of what was portrayed and how it was essentially handled. Trifles started with the Sheriff and his wife Mrs. Peters, Mr. Hale and Mrs. Hale and the County Attorney entering the home of the deceased Mr. Wright. From the very beginning, it is easy to depict what the living arrangements are based on how the layout of the home and the condition it was found†¦show more content†¦Hale because he was dead. They found him lying on his bed with a rope around his neck and rushed to alert the coroner. From there, the play begins to expand beyond the case when the group arrives at the home searching for clues and indications. While the men look around for bold indication of why this happened, the women looked around at the smaller details of the home and tried to relate to the wife. As the men looked around the kitchen they concluded there was â€Å"nothing here but kitchen things†. as they went on to search through her cupboards making remarks about her worrying about her preserves while being held for murder. They went on to discuss that women are used to worrying about trifles and what we would do without them. The way the men spoke about women made it clear that they believe that the women were only good for housework and worrying about the little things such as kitchen work. throughout the discussion, the two other women huddled closer together as if forming a bond as the men discuss their daily work as if it is merely little to nothing. As the men went on to looking upstairs, Mrs. Hale continued her views on the men invasion of Mrs. Wright home while collecting some clothes for Mrs. Wright who was in holding. As the women conversed and walked around the house, the women began to connect with each other and with Mrs. Wright as Mrs. Hale discussed the type of woman she was in the earlier years and how it all changed after she was married. SheShow MoreRelatedScript Analysis of Trifles by Susan Glaspell910 Words   |  4 PagesScript Analysis of â€Å"Trifles† by Susan Glaspell Summary   In the play Trifles by Susan Glaspell, there are five characters, three men and two women.   They are in a house where the murder of Mr. Wright took place the day before.   The men are trying to find evidence to name a killer or motivation to name Mrs. Wright as the murderer.   While the men are downstairs, the women occupy themselves with looking around the kitchen and living room.   They take note of Mrs. Wrights canned fruit and the factRead MoreAnalysis Of Trifles By Susan Glaspell846 Words   |  4 PagesSociety has put abnormal standards between women and men. Our gender equality has been an issue throughout history and legislative rights. In the short play â€Å"Trifles† by author Susan Glaspell, shows the feminist content and the failures of marriages. Mr. and Mrs. Wright had been married for a long time. They don’t have a family and live in a place that’s very solitary aside from any other houses. An investigation occurred to find the strang e death of Mr. Wright and to discovered evidence if Mrs.Read MoreAnalysis Of Trifles By Susan Glaspell907 Words   |  4 PagesThe play â€Å"Trifles† written by Susan Glaspell is about John Wright who was murdered. When the play begins the county attorney, sheriff, and Mr. Hale are all at Mr. Wright’s home to search for evidence for who murdered him. The two women that are in the poem are Mrs. Peters who is the sheriffs wife, and Mr. Hale’s wife, Mrs. Hale. Minnie Wright is the suspect in Mr. Wright’s case, but they are searching for answers to know exactly what happened. While the men are trying to solve the crime their wivesRead MoreAnalysis Of Trifles By Susan Glaspell804 Words   |  4 PagesIn the play Trifles, Susan Glaspell creates a situation that at first glance appears to place a woman at fault, but as the readers continue, he/she realizes that the truth is the opposite to what it appears to be. It is interesting to see how the author uses t he image of a perfect husband to portray irony with the hidden theme of isolation and patriarchy within their domestic relationship. This irony leads into Minnie Foster, also called Mrs. Wright, to use the idea of justice vs. law within thisRead MoreAnalysis Of Trifles By Susan Glaspell1255 Words   |  6 PagesMurder, torture, and mayhem are merely three of the unique problems that can be found throughout the one act play Trifles by Susan Glaspell. The writer opens up the story by explaining the situation of Mrs. Wright, a middle aged woman who is being accused of murdering her husband. The crime scene is a mess. A sheriff, the prosecuting attorney and their wives are looking in to the gruesome death that occurred upstairs in the Wright household. It is immediately found that the men focus their attentionRead MoreAnalysis Of Trifles By Susan Glaspell1829 Words   |  8 PagesMurder, torture, and mayhem are merely three of the unique problems that can be found throughout the one a ct play Trifles by Susan Glaspell. The writer opens up the story by explaining the situation of Mrs. Wright, a middle aged woman who is being accused of murdering her husband. The crime scene is a mess. A sheriff, the prosecuting attorney and their wives are looking in to the gruesome death that occurred upstairs in the Wright household. It is immediately found that the men focus their attentionRead MoreTrifles By Susan Glaspell Analysis1738 Words   |  7 Pageswomen dont realize the struggle women before them had to undergo. In the late 19th century women werent important, respected, or anywhere near equal to men. It was common for women to be misunderstood and or assumed by men to be uncivil. Trifles by Susan Glaspell shows the depiction of women towards the end of the 1800s. Men werent as kind or laid back when it came to running the household and handling every day matters as a family. Men were dominant. It was the patriarchal ignorance of the lateRead MoreTrifles By Susan Gla spell Analysis1257 Words   |  6 PagesTrifles by Susan Glaspell is a tragic mysterious drama that has to deal with a murderous wife, and a couple of friends who cover up her tracks. Throughout the story Glaspell gives clues to the reader to help him or her figure out what will happen in the end. Glaspell Wrote Trifles in 1916, according to the year it is safe to assume that this mysterious short story was placed in a time around the 1910’s setting. The clues she leaves, such as the quilting square, the bird, the reflections in the settingRead MoreAnalysis Of Trifles By Susan Glaspell1425 Words   |  6 PagesIn the play Trifles, by Susan Glaspell, the plot develops through action. As soon as the play begins readers and viewers are introduced to the county attorney, the sheriff, and Mr. Hale. Due to the fact that these three men discuss the case and death of Mr. Wright quite a bit, the audience is made to believe that they are the main characters of the play. However; the true protagonists of the play are revealed as soon as the men departure from the kitchen and leave the characters Mrs. Peters and MrsRead MoreAn Analysis Of Susan Glaspell s Trifles 983 Words   |  4 Pagespreconception someone makes based on gender, race, or religion that in this case is by gender, and affects women based on their expected gender roles. Women endlessly have expectations that go along with being a wife, mother, or simply a female. In Trifles by Susan Glaspell, 1955 by Alice Walker, and Girl by Jamaica Kincaid women are stereotyped by men and told to follow unwritten but expected roles such as being seen and not heard. As well as how they present themselves, their behavior, and tasks they need

Conventions and Agreements on the Products

Question: Discuss about the Impact Of Regulatory Frameworks, Treaties, Agreement And Conventions On Bhp Billiton In Australia. Answer: Executive Summary This report emphasises on the impact of regulatory framework and treaties, conventions and agreements on the products and services offered by the company. For this type of analysis, BHP Billiton an Anglo- Australian company has been selected. This is a multinational company that has its business operations in Australia and all over the world. Introduction BHP Billiton was established in the year 1851 with its headquarters in Melbourne, Australia. It mainly deals with exploration, acquisition and development of natural resources across the globe. The main products offered by the company include copper, iron ore, coal, petroleum and potash. Besides this, it has its assets in Western Australia, United Kingdom, deep water of Gulf of Mexico, Trinidad, Tobago and Pakistan through which oil and gas is explored, developed and marketed. In addition to this, it also explores silver, lead, zinc, uranium, thermal coal, gold, iron ore, and seaborne metallurgical. Along with this, it also owns the Jansen potash project situated in Saskatchewan potash basin in Canada (IBIS, 2016). The company operates in industrial metals and minerals industry in basic materials sector. The company has 80000 full time employees. Its major management office is in London (BHP Billiton, 2016). It is considered as the largest mining company in the world in terms of revenue. The company employs approximately 42829 employees in Australia including employees from all the subsidiaries which are under the control of the company (IBIS, 2016). Regulatory Frameworks related to Basic Materials Sector in Australia The Australian government grants different types of licenses to companies for the purpose of exploration and production of the minerals. The three types of licenses include exploration license, mining license and lease. Exploration license is issued by the government for the purpose of exploration and drilling of mineral sources and core samples. Besides this, it is granted for 5 years and provides rights to pursue drilling surveys and land entry on appraisal basis. In addition to this, mining license helps in extraction and selling of the minerals from license area and granted for specified time period in relevant State for example for 21 years in Western Australia. Along with this, lease provides a title over mineral discovery for 5 years and provides rights to explore and recover on an appraisal basis (Chambers, n.d). The licensing system facilitates in transferring of the ownership of the mines from state to private organizations for the purpose of exploration, extraction and selling of metals and minerals. In context to this, BHP Billiton has also attained the licenses of different locations such as deep water in Gulf of Mexico and other mines for the purpose of exploration, extraction and selling of different minerals such as coal, iron ore and other metals to different companies in different countries for the production of final goods. BHP Billiton is the biggest employer in Australia; therefore, there is a significant impact of the workplace relation framework on the company. It is requisite for the company to have a access to safe and productive environment so that training of employees can be done in an effective manner (Environmental Defenders Office of Western Australia, 2011). Along with this, the company can also gain employment arrangements that help them to attain competitive advantage over others by selecting skilled employees. The workplace relations framework of Australia provides safe, high performing and highly competitive workplaces. It aids in providing leading edge of global innovation and competitiveness to different organizations. The Department of State Development is responsible for the administration, management and regulation of exploration of minerals and mining sectors. The mining activity has a significant impact on the environment; therefore as per the regulatory framework in Australia, it is requisite for the companies to provide environmental reporting where there is a requirement of providing different incidents as per the criteria defined. BHP Billiton also discloses information related to carbon footprints and the emission of harmful products in the environment along with the measures adopted by it to reduce the negative impact of the activities carried out by it on the society (Yang, 2011). Besides this, there is also an occurrence of the fluctuations in the commodity prices due to changes in the technology, industry demand which has a significant impact on the financial results of the company. There is a decline of US $1 per tonne in iron ore prices and US $1 per barrel decline in the average price of oil which has impacted the profit after taxation of the company in the fiscal year 2015 to US $144 million and US $54 million respectively. In addition to this, the sales of the company is denominated in US dollar but the operating costs of the company is influenced by the fluctuations in the currencies of other countries such as Australian dollar, Chilean peso and US dollar. The main reason behind the impact of the foreign currency is that the mines and processing plants are located in these countries (BHP Billiton Annual Report, 2015). Along with this, controls on imports, exports, greenhouse gas emissions have resulted in delaying the construction and expansion of existing operations. In addition to this, the company has to adhere with the requirements of the Native Title Act 1993 for the recognition and establishment of native title which negatively affects the operations of the business due to their complex nature and difficulty of prediction. The logistical and processing operations of the company are situated in onshore and offshore geographic locations. These are subjected to natural disasters such as earthquake, hurricanes, floods and tsunami. These incidents cause disruptions in production and loss of facilities (Jarvie-Eggart, 2015). The changes in the climate and the regulations of the country regarding maintenance of climatic change adversely affect the operations of the company. This is because; it mainly produces fossil fuels such as coal, oil and gas which resulted in the emissions of greenhouse gases that contribute towards climate change. For instance, Australia has abolished carbon tax in 2014 which has resulted in increased productivity and positive impact on the sales and profitability of the company. This is because the operating cost of the company has got reduced as there is an emission of greenhouse gases in the environment due to production of fossil fuels (Runge and Shikwati, 2011). Besides this, the Australian government regularly reviews different projects of the company as it is a signatory to the Minerals Council of Australias Enduring Value that provides the industrial guidelines for sustainable development at operational level and obligations for consultation and environmental management. For example at Olympic Dam, the legislative limits remained low with respect to management of radiation exposures. It also had complied with the Environment Protection (Air Quality) Policy 1994 (Connor, 2016). Treaties, Conventions or Agreements That Has Impacted On the Products or Services of BHP Billiton in Australia BHP Billiton has entered the nuclear industry in the year 2005. The company has complied with the uranium stewardship principles by the development of national and international nuclear stewardship working groups to work with harmony in order to minimize the harm to people and environment due to the use of uranium as a fuel source. The company is engaged in a direct terms to the production of copper concentrate containing uranium. Application to the export of concentrate, and adoption of the Principles provides a responsibility to the company in the areas in which it operates and controls (Ashurst, 2012). Various interim measures are put in place that reflects national and international regulation and the company like International Council on Mining and Metals, Sustainable Development Principles and the Minerals Council of Australias Enduring Value framework for sustainable development. In Australia, the sale and export of radioactive material and uranium concentrates are regulated by its government. This is why, there is a requirement of establishing a new bilateral safeguards agreement with third parties for the purpose of allowing company to export copper concentrates to China or any other third party. These agreements helps in ensuring peaceful use obligations applied to any uranium recovered in China, that presence of bilateral Nuclear Materials Transfer Agreement results in accounting BHP Billiton for contained Uranium. This also indicates that the company has complied with the Australias uranium export regulations, international law and Chinese law (Olympic Dam Expansion Supple mentary Environmental Impact Statement, 2009). Along with this, before the negotiations for bilateral safeguards agreement, the Australian government has considered many issues such as strategic issues. Therefore, the government has granted the export license to the company for exporting UOC to China. In addition to this, the uranium in Australia is sold exclusively for peaceful purposes such as electricity through nuclear energy. Along with this, it is also subjected to safeguards agreement with IAEA and bilateral safeguards agreement. In the year 2010, multiple shipments have been sent to China from Australia containing Uranium as the country has satisfied that the sold uranium in China is used exclusively for peaceful matters and has not been used for making nuclear weapons (Olympic Dam Expansion Supplementary Environmental Impact Statement, 2011). In the year 2003, a convention between government of Australia, government of the United Kingdom of Great Britain and Northern Ireland is made for the purpose of avoidance of double taxation and the prevention of fiscal evasion in terms of taxes on income and capital gains at Canberra. This has a significant impact on the operations of the company as the tax is imposed either by the government of Australia or UK and does not be imposed by both the governments. This has resulted in increasing the profits of the company as less amount of tax is levied on the products and services of the company. This treaty helps in enhancing the economic relations between both the countries. The UK is considered as the second largest source of foreign investment and third largest trading partner (Miller and Oats, 2012). There are various Australian companies that are considered being active in UK such as Commonwealth Bank, BHP-Billiton and Boral. This also results in increasing the financial integration which has also resulted in substantial increase in the foreign investment by the companies operated in Australia. The dealings of mining companies with indigenous groups have changed due to establishment of reconciliation movement in the early 1990s in order to create bridge between mainstream Australia and indigenous Australians. The regulatory body which supervises it is Reconciliation Australia (Huang and Austin, 2011). In context to this, BHP Billiton a large resource company has developed Reconciliation Action Plans for the purpose of providing information related to commitments with indigenous Australian. Indigenous land use agreements are used by the companies for the purpose of maintaining harmonious relations with indigenous communities. In addition to this, there is also an integration of socio-economic concerns in the community development policies and strategies for indigenous communities for the purpose of prevention of negative impact and encourage positive influence on the socio-economic outcomes (Centre for Social Responsibility in Mining, n.d). Conclusion It can be concluded that BHP Billiton is one of the largest resourcing companies of Australia with established operations in many countries across the globe. It was founded in the year 1851 and deals in the exploration, development and selling of natural resources such as coal, petroleum, potash, copper and iron. Besides this, the company has to complied with regulatory frameworks of the country in order to operate in a successful manner. The Australian government grants different types of licenses to companies for the purpose of exploration of fossil fuels and natural resources. The company has attained the permission for exploration of the natural resources such as coal, petroleum, potash copper and iron. It has owned license for deepwater in Gulf of Mexico. Besides this, there is also a significant impact of the treaties and conventions made by the country on the products and services of BHP Billiton. It is requisite for Australia to make a bilateral agreement with China for the purpose of export and sale of uranium to China so that BHP Billiton can export uranium to companies operating in China for the purpose of peaceful use of the product. References Ashurst. 2012. Uranium in Australia. [Online]. 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