The mining industry in developing nations often lacks the enforcement of ethical principles, laws and regulations. I therefore believe developing nations are better off without large mining companies operating within them. Mining majors can use force to get there way and this often includes political involvement and corruption. Mining companies often overlook the artisanal miners, that use the mine as their lone source of income, and move them out from the mines. The impact on locals is not usually not taken into account when a new mine is set up. Mining companies often disregard the citizenship, fairness and dignity principles of the Global Business Standards Codex to improve profits. Mining majors will go to great lengths to make profit in a developing nation and sometimes this means corruption. Corruption is when a person uses the power given to them through their job or position to make a personal gain (Rodrigez 2005). Mining companies will offer bribes or payouts to government officials in order for them to stay quite on an issue. This makes the mining company appear to be in compliance with regulations even though this is not in accordance with the citizenship principle due to the corruption involved. Mining companies use corruption as it is cheaper then fixing compliance issues that arise. The problem has become more common in Africa recently because standards have been driven down as a side effect of reforms to encourage foreign investment (Campbell 2012). Once a government official is corrupt they then ignore any issues that come about. Corruption is usually used in order to increase total profit. The issue created by corruption can be solved by regularly checking up on the mining major and using different officials. One... ... middle of paper ... ... mining companies is not always inline with the Codex. Decisions made without the input of all stakeholders can lead to losses by some groups. This is why I believe that developing countries are better off without mining majors in operation within their borders. Mining majors may not always do what is best for the country that they operate within. Wether this be through corruption, unfair treatment or a lack of respect for individuals, their conduct isn't always in line with the Global Business Standards Codex. Although mining majors can bring some benefits to a developing nation, such as jobs and health care, I believe that overall the country is better off without them. This is because without mining majors taking all of the minerals and selling them off, the people native to the country and governments are able to make the profits from selling their minerals.
Following the globalization, many companies in developed countries move factories to developing nations. As a multinational company, there is at least one facility in one country other than its home country. Those companies have offices and factories in different countries and usually have a centralized head office in their home country. Advocates of multinationals say they create jobs and wealth. And multinationals can improve technology in developing countries, which are in need of this. On the other hand, critics say multinational companies often barely pay employees enough to live on in developing countries, and it is unethical to pay cheap wages.
Summary of Source Information: This article talks about the health conditions of many miners and diamond diggers that are affected due to substandard working conditions in sub-Saharan Africa. In these areas, where there are many unregulated mining locations, workers are prone to being exploited to hazardous working conditions. Children are especially vulnerable in these environments because they already suffer from poor health conditions due to lack of care and nutrition. Children have often been exploited in the diamond industry due to their ability to get into small spaces and dig out packs of dirt. Another health effect associated with diamond mining, in which this article talks about, is how diamond deposits have often mixed with vegetated areas, leaving it unsuitable for farming activities. Mining equipment leaves heavy minerals and chemical products that run into the rivers and contaminate vital sources of water for the mining community and people who live in these rural areas. Currently, diamond companies, as well as labor and health activists, are trying to do something to help improve health conditions of workers.
Corruption consists in the illegitimate agreement between a corruptor and a corrupted, in which they abuse of their public power in order to obtain personal benefit. Bribery and corruption is something that has been going on for years. According to Allen, “officials perceive themselves as immune to any penalties for demanding and receiving bribes” which she states that it is one of the main reasons for bribery and corruption in underdeveloped countries. According to Transparency International, an organization committed exclusively to end corruption, three of the most corrupt countries in the world are Somalia, North Korea and Afghanistan. This does not mean that corruption is only seen in underdeveloped countries. In international business, corporate employees often find themselves dealing with corruptors in foreign countries and, in most cases, they will give in.
Is this additional expense necessary? Why or why not? Yes, this additional expense is necessary and mining affects the plant and animal population, hydrological cycle. And it’s necessary to maintain this for sustainable development. Q5.
The runaway corruption in the country harms the business environment and causes collapse of various established institutions and industries.
The advance of technology during the gold rush had a very positive effect on the economy, bringing in over $100 million dollars in two years. In today's currency after inflation, that’s over $2 billion dollars.
What comes to mind when you think of coal mining? If you're like me, coal mining means living in darkness and a cold hearted industry. Other words that come to mind are poverty and oppression. Coal mining is not a job that you dream about or get a degree for. People who are coal miners do not chose a life full of danger and repression, they get stuck with it. There are many dangers that come along with coal mining, not only for the workers, but for the environment. Coal mining and the coal industry have caused irreversible damage to our environment and has killed innocent miners.
Lins, C., & Horwitz, E. (2007). Sustainability in the Mining Sector. Retrieved November 6, 2017, from http://www.fbds.org.br/IMG/pdf/doc-295.pdf
Mining is the process or industry of obtaining minerals from the earth. Topics in this paper I’ll be specifically discussing are pros and cons of mining, structures of a mine, mining in general, California gold rush, diamonds in Africa, and comparison of diamond and gold mines.
The indirect impact of the mining industry has been huge in terms of funding for things like skill development through education and training, there is also provision made for social services in the mines (e.g. health care for the employees of the mines and their families, housing, school etc.) and the contribution the national economy.
Kearney, A.T. (2001). Corruption and the Globalization Index. Last access on 27 March 2005 at URL: http://www.globalcorruptionreport.org/download/gcr2001/data_and_research.pdf NAIM, Mois´s (1995). Corruption Eruption. Last accessed on 2 April 2005 at URL: http://www.carnegieendowment.org/publications/index.cfm?fa=view&id=648 MORAN, Robert T. and RIESENBERGER, John R. (1994)
This innovation and technology is set to enhance productivity, as well as communication for miners under the ground. Not only Rio Tinto is looking to gain any profit without involving other stakeholders (communities). It has introduced program that are set to benefits the communities around their mines, the project is called working with our neighbours
Warhurst, A. (1999). Mining and the environment: case studies from the Americas. Ottawa, ON, Canada: International Development Research Centre.
Conceptualizing Corruption in South Africa Conceptualizing Corruption in South Africa Amr Taha El Baba Lebanese American University SPECIFIC PURPOSE: To persuade my audience that corruption could cripple the progress in South African societies. Crime and corruption are not relevant to the degree of poverty present in a country as some of you might think. Corruption is a social phenomenon that every society deals with, regardless of the level of development in the country. What makes corruption a dangerous social phenomenon is its ability to adapt to the conditions present in any country.