...Yimou Feng Professor: Elaine Walker Class: International Business and Global Social Responsibility (8:00-9:40) 03 December 2012 Gold mining Section 1: Executive summary As a rare and valuable metal, gold used to be the currency all around the world. Although its position has been replaced, it also has a big market and huge demand. Because of the upgrade of technology and science, gold mining and gold industry developed quickly. In the following of this article, I will focus on gold mining and gold investment. For the gold mining, I will explore two main problems in gold mining—pollution and safety. For the gold investment, I will discuss if gold is useless for people to invest. Section 2: Issue definition Firstly, every gold mining company, whether giant multinationals or small national companies, all need to face a very significant problem—pollution. During the mining process, it is impossible for mining organizations to avoid gaining some extra and useless product; such as some heavy metals, which are harmful to the local environment. If mining companies cannot deal with these gangues in right way, disaster may happen; especially in developing countries. There is an example. Arsenic (As) is one of the main gangue in gold mining. Arsenic is an extremely toxic substance, and it is hard to be eliminated. In China, gold mining organizations always use boxing dam and deeply burying to dispose Arsenic. But, actually, it cannot totally solve the hidden danger...
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...Environmental Impact: California Gold Rush The Gold Rush of Yesterday and Its Effect on the Environment Today The California Gold Rush of 1848 produced more than a just a fever for the fortune seekers. It also produced an impact upon the environment whose effects can still be witnessed today. In 1848 the call went out across the nation, there is gold in Sutter’s Mill. As the word spread settlers and immigrants began their long treks across the plains and from far foreign lands across the seas to California. Up until the discovery of gold, much of the Californian lands had been unsettled. Between the years 1848 and 1866 some 350,000 emigrants had traveled to California in search of their fortune.1 This massive influx of such a vast number of people placed a huge burden upon the land and resulted in the dishevel of its indigenous people. As the population rapidly increased so did the need for food, water, and shelter. The requirements placed upon the land by its new population were great. The natural wildlife of the area was quickly over hunted for their meat and furs. The rivers were over fished and huge forests were clear cut to provide the demand of construction materials in support of structures and dwelling. In the lower lands trees were cut to clear land needed for farming and to provide fuel material to the mines. Natural water ways were redirected and damned to support the mining efforts. These changes only further exasperated the dwindling fish and fresh...
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...Adam, a seventeen year old boy started mining at the age of twelve, had gone through a bad mining accident one year ago. According to The Human Rights Watch Adam said, “I thought I was dead,” Adam K. said, describing a mining accident the previous year, when he was sixteen years-old. Adam, who started mining at age twelve, was digging a horizontal mining shaft, deep in the ground. The tunnel collapsed in front of him, burying and killing two of his friends. “I was so scared,” he told me, “I just cried and despaired.” Many young children like Adam have suffered from incidents like this and have lost others. Even after the incident, Adam still continued to work, finding work in any mine. Children as young as five work in mines making as little...
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...Consequences of Mercury Pollution Coming in Contact with Mercury People can come in contact with mercury in a number of ways. There is increased risk of mercury exposure in the dental, health and chemical industries. People are also at risk of consuming an unsafe amount of mercury if they eat certain things in excess amounts, such as more than 6 ounces of albacore tuna per week, or over 12 ounces of fish like shrimp, canned tuna, salmon, pollock or catfish. Exposure to mercury can cause brain damage, kidney damage, lung damage and various digestive system problems (McCoy). Perhaps the person most vulnerable to mercury poisoning is the pregnant woman and her unborn fetus. Trauma caused to infants and children as a result of mercury exposure is exponentially worse than it would be an adult. In most cases, it causes severe nervous system problems. Exposure A EU study found that “between 1.5 and 2 million children in the EU are born each year with MeHg exposures above the safe limit of 0.58µg/g and 200,000 above the WHO recommended maximum of 2.5µg/g” (Sunderland). Exposure to MeHg in these amounts affects brain development. Stunted brain development leads to a lower IQ. A low IQ lessens one’s earning power. When just looking at the European Union, the consequences are of paramount importance. In the study, Prof Philippe Grandjean explained, "If we convert the effects of MeHg on developing brains into IQ points then the benefits of controlling MeHg pollution...
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...Unfortunately, that's not all. Miners use mercury to extract gold from soil and as a result, tons of mercury have been dumped in the water causing the water to be poisoned. The water quality damage builds on the other forms of destruction the illegal miners create, including carving up the forest floor and riverbeds. "Our results reveal far more rainforest damage than previously reported by the government, NGOs, or other researchers," said Greg Asner, the American scientist who led the study, in a statement, reports Voxxi. "The gold rush in Madre de Dios exceeds the combined effects of all other causes of forest loss in the region, including from logging, ranching and agriculture." Asner added: "This is really important because we are talking about a global biodiversity hotspot. The region's incredible flora and fauna is being lost to gold...
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...pursue her MBA from . She specializes in strategic management, organizational design and human resources. With her abundant experience in mining she provided us valuable insights specifically into the mining industry. Peru has an enormous economic strength in the form of multiple mineral deposits and is currently ranked 4th in the world. It currently occupies 7th place among the top 10 leading mineral producing countries, with an estimated production value of US$ 27,063 million. The primary competitive advantage for Peruvian mining is its diversification of minerals being produced: copper, gold, silver, lead, zinc, tin, molybdenum, iron, cadmium, mercury, selenium, indium and other metals. It is the region’s top producer of zinc, tin, lead and gold, and occupies second place in the production of copper, silver, molybdenum, mercury, selenium, cadmium and phosphoric rock. Currently, Peru has a sufficient reserve of minerals to generate a constant flow of metal production for several decades. The high rates of production have attracted a large amount of inbound investment into Peru's mining sector. An estimated US$ 59.5 billion is expected to flow into the country over the next few years. New mines and expansion projects are expected to more than double its copper production by 2016. The Peruvian economy was revived by the resurgence of the mining sector and has been one of the key drivers behind the company’s stellar growth records. However this...
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...ARTICLE IN PRESS Resources Policy 34 (2009) 24–31 Contents lists available at ScienceDirect Resources Policy journal homepage: www.elsevier.com/locate/resourpol Recognizing and nurturing artisanal mining as a viable livelihood Petra Tschakert à Department of Geography and Alliance for Earth Sciences, Engineering, and Development in Africa (AESEDA), Pennsylvania State University, 315 Walker Building, University Park, PA 16802-5011, USA a r t i c l e in f o Article history: Received 7 February 2008 Received in revised form 3 May 2008 Accepted 4 May 2008 JEL classification: L72 Q32 Keywords: Artisanal and small-scale mining Recognition Flourishing Alternative livelihoods Ghana a b s t r a c t Much of the discourse and literature on artisanal and small-scale mining (ASM) in sub-Saharan Africa has inherently prescriptive recommendations on how the sector should develop. Devaluation, misrecognition, and criminalization of artisanal, largely illegal miners hamper their participation not only in environmental and political decision-making but also in negotiating potential alternative livelihoods. This article addresses the following three questions: (a) what are the pull and push factors in Ghana’s artisanal and small-scale mining (ASM) sector?; (b) what concrete livelihood options exist for unregistered miners when regularization is impeded and undermined?; and (c) in the absence of promising alternative livelihoods, how can the ASM sector be re-imagined to allow...
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...Newmont Case Analysis As can be seen in this case, a truck of Newmont Mining Company leaked 151 kilograms of mercury, which was a by-product of gold mining in the Yanacocha mine in Peru, along a village road. Due to this leak incident, more than 1,000 local residents were sickened by the toxic mercury, which had caused blindness, neurological damage and other health problems. The company, however, claimed that the mercury had no long-term damage to the patients, and those who hadn’t become ill at that time didn’t have a risk to become ill in the future. This argument, nevertheless, had been challenged by the US Environment Protection Agency (EPA), which warned that elemental mercury was extremely poisonous, which could cause severe health problem. What made thing worse was that after the occurrence of this incident, Newmont hired both the local residents and a team of day laborers to collect the mercury and clean up the road without any protective clothing or safety training. Besides this leak incident, Newmont had already caused numerous damage to environment in Yanacocha such as the contamination of water and crops. Eventually, Newmont’s violation of both the environment and the local residents’ way of life had led to the fierce protest from the locals. Due to the locals’ resistance, Newmont’s business and operation in Yanacocha had been disrupted, which had caused a decline in profits. One possible way for Newmont to improve the intense situation is to build up relationship...
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...through inhalation, consumption of contaminated food and/or water, or even absorption through the skin. Some of the toxins that persist in the human body include lead, mercury, dioxin, and furans, dichlorodiphenyltrichloroethane (DDT), and polybrominated diphenyl ethers (PBDEs). The lead toxin is contained in both the indoor and outdoor air. Industries, waste incinerators, and plants manufacturing lead-acid battery usually emit that from the outdoor air. Lead-based paint is also a source of both lead contained in indoor and outdoor air. The lead present in drinking water normally comes from the corrosion of lead-containing materials found in the water supply systems. The coal-fired power plants are the leading emitters of mercury in the environment because mercury occurs naturally in coal. Gold mining is another source of mercury as it is largely used in the separation of gold from the mined ore. Waste incinerators produce mercury through the burning of disposed items containing mercury, for instance, thermometers and compact fluorescent light bulbs. Cement kilns also release mercury contained in the coal used as fuel in cement-manufacturing plants. Fish is another major source of mercury as it contains higher concentrations of mercury, which the fish takes up after consuming seafood that gets contaminated by mercury pollution that enters oceans and other water bodies. Its natural sources include volcanic eruptions and forest fires. Pesticide sprays are the major sources of DDT....
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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 stating that they should be the only ones to mine their own resources but the government still allowed it for large investments coming from foreign companies which will boost the economy. 1 The country’s mining industry was also ignited by the legend of Yamashita’s treasure. The legend has attracted tourists and curious treasure seekers to look out for the supposed ‘treasure’ of gold that the Japanese Army had hidden in the different parts of the country. 2 It seems that gold mining is a lucrative business. But is mining helpful to the country? Mining have garnered vast impacts in every aspect of the country. It boosts the economy by letting the mining companies give the government its share of their profits. But only a margin of profits is being given to the government. According to Governor Joey Salceda of Albay, “which hosts the Rapu-Rapu Polymetallic Project, only received P3.4 million from the mining company’s revenues. The company’s export value reached P7.7 billion...
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...element displaying certain properties by which it has the ability to conduct heat and electricity. The metals comprise about two thirds of the known elements. Some metals, including copper, tin, iron, lead, gold, silver, and mercury, have been around for many years, so long, that they were known to people in ancient times. Copper is probably the oldest known metal, known to humans. Metals differ so widely in hardness, tensile strength, density, and melting point that a definite line of distinction between them and the nonmetals cannot be drawn. The hardest elemental metal is chromium with the softest being cesium. Most metals are malleable, but gold, silver, copper, tin, and aluminum are extremely so. Some metals exhibiting great tensile strength are copper, iron, and platinum. In the heavy metal category, beginning with the most dense, are osmium, iridium, platinum, gold, tungsten, uranium, tantalum, mercury, hafnium, lead, and silver. When it comes to industrial uses, the melting points of the metals are important. Tungsten is the hardest metal known to man, and it only melts at extremely high temperatures that reach over 3,300 degrees Celsius, while cesium has a melting point of 28.5 degrees Celsius. The best metallic conductor of electricity is silver. Copper, gold, and aluminum follow in that order. All metals are relatively good conductors of heat with silver, copper, and aluminum at the top of the list. The radioactive metal uranium is used in reactor piles to generate...
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...There were several reasons why Americans decided to settle towards the West. Americans had a desire to get rich, seek religious freedom, and also to improve their health. From the 1830s to the 1860s, 500,000 individuals traveled to California and Oregon on the Overland trails. The trip from the Missouri River to the West Coast was nearly two thousand miles. The first movement of the settlement was with the Gold Rush of 1849. Prospectors (someone that searches for specific mineral deposits) made the first gold strikes along the Sierra Nevada Mountains in California. This created a huge “mining boom” and started a pattern for other possible strikes in other regions. (P. 387) Many hoped to “strike rich” in gold and silver but others had no intentions...
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...Gold is a chemical element with the symbol Au and atomic number 79. It is a dense, soft, malleable, and ductile metal with an attractive, bright yellow color and luster that is maintained without tarnishing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, such as with tellurium as calaverite, sylvanite and krennerite. Gold resists attacks by individual acids, but it can be dissolved by aqua regia (nitro-hydrochloric acid), so named because it dissolves gold. Gold also dissolves in alkaline solutions of cyanide, which have been used in mining. It dissolves in mercury, forming amalgam alloys; is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to confirm the presence of gold in items, giving rise to the term acid test. This metal has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. Gold standards have sometimes been monetary policies, but were widely supplanted by fiat currency starting in the 1930s. The last gold certificate and gold coin currencies were issued in the U.S. in 1932. In Europe, most countries left the gold standard with...
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...PESTEL Brazil Why Brazil? * Brazil is politically stabile and has democratic rules achieved under the presidencies of Fernando Henrique Cardoso and Luiz Inácio Lula da Silva. * Brazil has a diversified and growing economy that plays a significant role in the global economy. Brazil is the largest economic power in Latin America and the world’s 10thlargest economy. * The country is open to and encourages foreign investment by implementing investor-friendly policies. The country is one of the world’s leading destinations for foreign direct investment. * Brazil is the fourth biggest producer of gold in the world. It has abundant reserves of natural resources and many regions are still unexplored which make the country an attractive location for mine development. * Brazil has an established Civil Law system and a modern mining legislation. * The country is a green energy leader, renewable energy supplying nearly 45% of the country’s energy needs. * Expanding into Brazil will allow Newmont to reinforce its presence in South America where its competitors are already well established. PESTEL Analysis Political Type: Federative republic (with 26 states and a federal district) Independence: September 7, 1822. Constitution: Promulgated October 5, 1988. Branches: Executive–president (chief of state and head of government popularly elected to no more than two 4-year terms). Legislative–Senate (81 members popularly elected...
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...presentation On NANO Mercury Power Plant (Non Conventional /Renewable) ABSTRACT: power plant is used to production of electricity by so many methods like hydro power plant,nuclear power plant ,gas turbinre plant combined cycle power plant, solar power plant, wind power plant, tidal power plant, diesel generator, petrol generator, this all are power plant run by fuel and generate electricity. i am introducing new type and technology power plant MERCURY: It's the only common metal which is liquid at ordinary temperatures. Mercury is sometimes called quicksilver. It is a heavy, silvery-white liquid metal. It is a rather poor conductor of heat if compared with other metals but it is a fair conductor of electricity. It alloys easily with many metals, such as gold, silver, and tin. These alloys are called amalgams. The most important mercury salts are mercuric chloride HgCl2 (corrosive sublimate - a violent poison), mercuric chloride Hg2Cl2 (calomel, still used in medicine occasionally), mercury fulminate (Hg (ONC) 2, a detonator...
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