Abstract This paper studies the impact of the mining company Barrick Gold in their Pueblo Viejo Project located in Cotuí‚ Dominican Republic. Many studies have been done to the actions of this company around the world‚ but this paper examines the situation of their project in the Dominican Republic and the effects that has caused both in the society and economy. This paper examines the Barrick Gold Corporation and the Protest Barrick Gold’s information provided by their respective
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India’s Gold Rush (Possible Solutions) Over the past year there has been a significant fall in household savings as a percent-age of GDP from 25.4% in 2009-10 to 22.8% of GDP in 2010-11. This fall in house-hold savings has occurred when the interest rate cycle is at its peak. Conventionally the only way to boost household savings has been to increase interest rates; how-ever that would risk slowing down an already sluggish economy. The reason for this anomaly in the economy is the huge surge
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The Gold Rush was a significant event that affected not only the development of California‚ but also the outcome of the United States of America. It was a period of time in American history in which large groups of people migrated with hopes to find gold in California‚ which proved to be crucial for the success and growth of California. The California Gold Rush had a major impact on the development of California‚ as it caused the economy and cities of California to flourish. This event caused major
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The author of the article “Klondike Gold Rush” starts his story from when the gold rush started and how it started. In the article it says that it all started when two ships docked in San Francisco and Seattle carrying miners with bags of gold. When the word got out to the press then everyone wanted gold. A lot of different people went to the gold fields. Some were big and some were small. These miners were called stampeders. Within 6 month about 100‚000 gold seekers started there journey to the
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The crises of the gold mining sector The critical issue facing the mining industry according to Zoli Diliza chief executive‚ chamber of mines is ensuring that the mineral policies of South Africa aligns with the highest standard of administrative justice‚ promote an internationally accepted level of security of tenure and invariably promote an enabling environment that will attract investors into south Africa‚ hence‚ improving her competitiveness. Gold’s rarity‚ beauty and durability have ensured
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“REPORT ON DO SOARING PRICE AND MOUNTING DEMAND IN INDIAN GOLD MARKET SPEAK OF A PARADOX? “ A STUDY ON “MISMATCH BETWEEN DEMANDS FOR AND SUPPLY OF GOLD’’ CASE STUDY SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTERS OF BUSINESS MANAGEMENT COURSE OF ALLIANCE UNIVERSITY ALLIANCE BUSINESS SCHOOL INDEX Page no. Content 1 Cover page 2 Index 3 Problem statement and Executive Summary 4 Issue analysis 5 Statistical
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Gold Loans ‘Lending with comfort’ Muthoot Finance – BUY CMP: Rs154 Target: Rs202 Largest gold financing company in the country with 20%+ market share AUM growth to moderate but remain strong on higher base NIM to decline on steep increase in funding cost; yield to be relatively resilient Earnings CAGR to remain brisk at 39% over FY11-13E RoA to marginally come-off; RoE to normalize India - a huge gold loan market India is one of the largest markets for gold accounting for ~10%
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yield upwards of 100 million ounces of gold. The Indonesian government was threatening to redistribute ownership of Busang‚ the mining region in which Bre-X had property rights‚ due to its fear that Bre-X was a short-term player not serious about extracting the gold or a long term commitment in Indonesia. These fears were justified given Bre-X’s small size (it had a net loss of $Cdn. 366‚677 in 1995 compared to a net income of $Cdn. 218 million from Barrick Gold Corp.‚ a potential government-corporate
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California Gold Rush changed California by creating a larger and more diverse population‚ establishing San Francisco as one of the premier trade and banking cities in the nation‚ and the eruption of mining “boom towns.” By the winter of 1848‚ rumors of gold had drifted eastward across the country‚ but few easterners believed them. The gold discovery needed validation and President James Polk delivered that in early December of 1848. Every family within the nation was discussing gold in the west
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Gold Mining: Why it should be banned in the Philippines? Gold mining in the Philippines can be traced hundreds of years back before the colonizers came to the country. As early as 1521‚ our ancestors were already panning gold and have decorated themselves with gold accessories. As years passed‚ the growth of the mining industry has increased. In 1995‚ Philippine Mining Act was passed which the government allowed foreign companies to fully operate in the country; it created backlash from Filipinos
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