QUESTIONS & ACTIVITIES
1. Identify and briefly explain three ways the natural resources industry contributes to the Australian economy.
1. On 8 March 2006, The Australian Stock Exchange (ASX) released two announcements - one from Woodside and one from North West Shelf LNG (LNG means Liquid Natural Gas) concerning the North West Shelf Venture.
Go to the BHP Billiton website and read this announcement.
- Read and note the main points
- Review the BHP Billiton Case Study, paying particular attention to Section 3, A major industry player in action
Use websites such as:
to obtain further background information.
1.1 What do you understand by the North West Shelf Venture?
Who are the major players?
Compile your own definition of the term joint venture to add to the glossary of terms in the BHP Billiton Case Study.