Porter's Diamond Industry Analysis

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According to Porter (1990), Porter 's diamond is a model which explain the competition 's benefits for the countries. Moreover, it is a model that helps to analyze and improve the country 's performance in international market. This model has four main elements which are factor endowments, demand conditions, relating and supporting industries and firm strategy, structure, and rivalry. In this report, we are going to apply the Porter 's diamond with mining industry in South Africa which is the important contributor to their economy, and moreover South Africa is a world leader in mining. • Factor Endowment According to Porter, factor endowments is defined as a country 's position in term of production, such as skilled labour or infrastructure. This element concerns that the different factors have different levels of competition 's benefits. There are two factors involved which are basic factor and advanced factors.  Basic factor : natural resources, climate, location, and demographic  Advanced factor : skilled labour, communication infrastructure, research facilities and technological know-how If we apply to South Africa, both factors affect the mining industry in term of increase in …show more content…

Bucket-wheel excavators are heavy equipment used in surface mining. The primary function of Bucket-wheel excavator is to act as a continuous digging machine in large-scale open pit mining operations. For example, there are one company that quite popular in Mining ThyssenKrupp. They compact bucket wheel excavators. Typical features of all compact bucket wheel excavators are their two-crawler travel mechanism, a so-called C frame construction and a counterweight below the discharge boom. It helps to collect the diamonds much more easier. We will give you some examples about these machines which are

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