首页在线考试章节闯关谁正在考试学习应用
您的位置:在线考试首页>章节闯关>临时目录>阅读理解>商业经济类> 第1关
  • 00:00:00
已做0项(正确0项,错误做0项)/共34项,剩余34项未作答
结束作答
阅读理解
收藏纠错
Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For 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 Beers to 85%; the rest is owned by the government of Botswana, when 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 take. 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 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.
1
According to Paragraph 1, we can know Anglo-American _____.
A.would acquire a 40% holding of De Beers
B.mines two-third of world's diamonds
C.will earn $5.1 billion from Oppenheimer family
D.digs up most of its gems in South America
本题答案:
  • A
  • B
  • C
  • D
  • 参考答案:A
  • 系统解析:
    细节题。根据第一段第三句可知,11月4日,这家全球矿业巨头宣布将以51亿美元的价格从奥本海默家族手里收购戴比尔斯公司40%的股份,该公司开采的钻石占全球钻石开采量的五分之二,A.陈述正确,故为正确答案,同时排除[B]和[C]。根据本段最后一句可知,这使得英美资源集团在戴比尔斯的股份上升至85%,其余股份则归博茨瓦纳政府拥有,戴比尔斯公司正是在该国开采钻石,[D]陈述错误,故排除。
2
The Anglo-American's acquisition results in that_____
A.Nicky Oppenheimer wants to take on the diamond mining business
B.Anglo-American sold part of its stake in De Beers with an IPO
C.Anglo-American has suffered a shortage of funds after the purchase
D.the Oppenheimers might get monetary benefits with future sales
本题答案:
  • A
  • B
  • C
  • D
  • 参考答案:D
  • 系统解析:
    推理题。根据第三段第四句可知,交易条件允许奥本海默家族从今后几年的债券发行或出售中将更多的现金收入囊中,这表明这样的结果不是不可能的,D.“奥本海默家族可能从未来的出 售中获取金钱利益”陈述正确,故为正确答案。根据第二段第五句可知,很显然,没有家族成员愿意从事钻石开采业,A.“尼克?奥本海默想从事钻石开采业务”陈述错误,故排除;根据第三段第三句可知,事实上,英美资源集团可能会通过首次公开募股分拆戴比尔斯公司,[B]“英美资源集团通 过首次公开募股出售了它在戴比尔斯的部分股票”过于绝对,故排除;而[C]“英美资源集团在此次收购后遭遇资金短缺”未被提及,故排除。
3
According to the passage, which of the following statements about global mining business is INCORRECT?
A.Anglo-American has become a mining mega-merger.
B.BHP Billiton has become one of the biggest listed companies.
C.Anglo-American was once almost taken over by a company of ten years old.
D.Xstrata has a business in South Africa both in platinum and diamonds.
本题答案:
  • A
  • B
  • C
  • D
  • 参考答案:A
  • 系统解析:
    细节腰。根据第四段第三句可知,在过去的大约十年里,英美资源集团一直远离矿业的巨资并购浪潮,A.“英美资源集团已经成为一个大规模的矿业合并企业”陈述错误,故为正确答案。根据第四段第四句可知,这样的合并以及对全球资源巨大需求市场的出现已经促使必和必拓(BHP Billiton)成为全球最大的上市公司之一,[B]“必和必拓已经成为全球最大的上市公司之一”表述正确,故排除;根据第五段第二至四句“曾经是世界最大采矿企业之一的英美资源集团现排名在斯特拉塔左右,而后者只是一个拥有十年历史的公司,在2009年甚至试图以零溢价收购英美资源集团。斯特拉塔在南非也有重要份额的产业。与业内其他公司不同,除了钻石以外,它还有大型的祐金业务”C.“英美资源集团有一次几乎被一个成立十年的公司收购”和[D]“斯特拉塔公司在南非有铂金和钻石业务”表述正确,故排除。
4
Which of the following is NOT the reason for Anglo-American to diversify out of South Africa?
A.The threat of nationalization.
B.Local regulations of laws.
C.Lack of diamonds.
D.Uncontrolled workers.
本题答案:
  • A
  • B
  • C
  • D
  • 参考答案:C
  • 系统解析:
    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。
5
What does the word “that” in the last paragraph indicate?
A.Branding the rocks.
B.Deploying capital wisely.
C.Hallmarking the mining business.
D.Getting out of the diamond business.
本题答案:
  • A
  • B
  • C
  • D
  • 参考答案:A
  • 系统解析:
    语义题。根据文章最后一段最后两句可知,博茨瓦纳的投资环境则要宽松得多,但是其脱离钻石业可能也是明智的:钻石业更多依靠的是“石头的”品牌化,而不是精明的资本配置和物流技术,这些都是采矿业的标志。如果“that”是英美资源集团的最终目标,那么此次交易看上去是个明智之举,文中冒号后面的内容是在解释说明退出钻石业是合理的,而英美资源集团购入在博茨瓦纳的钻石公司,如果说是明智的话,应与上文解释相反,可见,其中的“that”指代的是A.。
我的笔记
提交纠错
请输入您发现的错误详情用户: