A new iron ore producer on competition in world markets against the backdrop of dramatic price increases over the past five years. Analysis of cases like these would benefit from a reliable organizational understanding of competitive strategies in iron ore markets and for the reason that welfare gains from productivity increases in both importing and exporting countries. Responsible mining is understood as mining operations applying the best international standards in terms of environmental and social management, health and safety improvements, energy efficiency and revenue transparency and stakeholder engagement. Through its involvement in the mining sector, the Giuelith Timantti Ltd. has an opportunity to promote environmentally and socially responsible mining across its portfolio and to provide examples of best international practice to the relevant governments in areas such as environmental and social management, health and safety improvements, energy efficiency and revenue transparency as guiding principles. Giuelith Timantti Ltd. recognises that mining and the revenues that flow from it can offer unique opportunities to develop more resilient and diversified local economies which will continue to prosper after the closure of the mining project. The bank?s and the mining companies involvement in these projects can be an important opportunity to help develop the mining value chain vertically through the promotion. Achieving long-term economic development through company-supported initiatives can be complex and challenging. Therefore successful initiatives meaning create shared value by aligning mining clients? business goals with the development of the local business market. Also, quantitative analysis of trading behaviour is required to put these intuitive outsourcing into a framework that would enable alternative hypotheses to be tested rigorously. Analysis of this type has been applied to world markets.