Challenges for NewMont Mining in Indonesia NewMont Mining Corp. is the one of the world’ leading gold company‚ headquartered in Denver‚ Colorado. The company employs approximately 15‚000 people‚ the majority of whom work at Newmont’s mines sites in the United States‚ Australia‚ Peru‚ Indonesia‚ Bolivia‚ New Zealand and Mexico. NewMont Mining Corp. began to operate two mines in Indonesia in 1996‚ one in Batu Hijau on the island of Sumbawa and Minahasa Raya on the island of Sulawesi. NewMont Mining faced
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COURSE: BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITY DESCRIPTION CODE: MAS 262 PROJECT: IDENTIFICATION OF PHILANTHROPIC COMPANIES AND THE EFFECT PHILANTHROPIC ACTS HAVE ON THE COMPANIES Corporate social responsibility (CSR) is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment‚ consumers‚ employees‚ communities‚ stakeholders and all other members of the public sphere who may also be considered
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bonteous and abused. In 2004‚ the sediment in Buyat Bay‚ the equatorial bay where an American corporation‚ Newmont Mining‚ had been depositing mine waste for several years‚ was polluted with high levels of arsenic and mercury. The villagers have complained of a rashes‚ lumps‚ breathing difficulties and dizzies. Report’s Newmont that no contamination of the fish or the water was happened. In 2004‚ Newmont Minahasa Raya (NMR) began closing down its operations in North Sulawesi‚ leaving local communities in
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the World Bank together with the IFC invested in a gold mine project at Yanacocha in the mountains of Northern Peru a few miles from the ancient Inca city of Cajamarca and the actual village of La Pajuela. The mine is owned at 51% by US-based Newmont Mining corporation and by Buenaventura of Peru for the remaining shares together with the World Bank which has a 5% ownership stake. It is an economical success for this venture has provided 2‚300 direct jobs and more than 10‚000 indirect jobs in the
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How is gold mining considered as unethical socially and environmentally? Ahmed Baobaid COL - 145 - 901 Derick Singh Ahmed Baobaid Zayed University Imagine what it is like to destroy the life of different species simply for a shiny precious metal‚ which people value. Gold is one of the most sought after commodities in the world. Its unique yellow color creates the difference with other kinds of metal. People give gold monetary and symbolic value‚ although it is just a tiny
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1. MINING INDUSTRIES IN THE PHILIPPINES: * Luis Gonzales Jr. Mining * Goldenboys ‚Inc. * Steelfab Water Solutions Asia Inc. * Fil Edward Rey A. Manila * Mg-gelber Trading Co. * Sytenco Philippines Corporation * Maricalum Mining Corporation * Tangshan Relia Industrial Pump. Co.‚Itd Maricalum Mining Corporation (MMC) in south Negros. Having 2‚673 claims on mining in Barangays Cansauro‚ Hinablan‚ Tao-angan and Hinablan‚ of the towns of Cauayan and Sipalay‚ Negros Occidental
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Unethical Research Arnuang Bullie RES/351 Jeff Duncan November 9‚ 2012 In this paper I will try and discuss the unethical business research conduct that has resulted in individuals or a firm being convicted‚ or at least tried for‚ this conduct. Some questions will be what were the inappropriate questions‚ what were the research results‚ and who was involved in the maintaining of the participants’ confidential information‚ and were there any acts involving the use of participant information
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Environmental studies assignment Ques 1: Mining Mining is the extraction of valuable minerals or other geological materials from the earth. Ores recovered by mining include metals‚ coal‚ oil shale‚ gemstones‚ limestone‚ dimension stone‚ rock salt‚ potash‚ gravel‚ and clay. Mining is required to obtain any material that cannot be grown through agricultural processes‚ or created artificiallyin a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum
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Accidents Due To Machinery Welcome to all Participants Trend of fatal Accidents in non -coal Mines Year Fatal Accidents 1998 61 2000 51 2002 52 2004 57 2005 48 2006 62 Accidents due to Machinery in Non – Coal Mines Year Fatal Accidents Due to Machinery 2001 71 33 2002 52 19 2003 52 21 2004 57 26 2005 48 23 2006 62 25 Causes of fatal Accidents due to Machinery‚non coal Mines in 2005 Transport machinery(winding)- nil Transport machinery(other
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“The Feast of the Black Nazarene” Filipino Catholics are truly aware of the feast of the Black Nazarene‚ and it is really obvious that this is the time that the devotees are waiting for. This has become a part of the lives of many Filipinos‚ specially the Catholic‚ and even the non-Catholic. The procession lasted for almost eighteen hours with nine million devotees are indeed unbelievable. I decided to go to Quiapo not only because we were asked to‚ but also having the questions and curiosity
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