...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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...Mining group gold The mining group gold process contains the following basic processes. The first basic process is determination of the purpose of the proceedings, session or meeting. This entails the process of outlining the objectives and laying down the aims of the meeting prior to allocation of duties and responsibilities to be observed during the meeting. This step lays the foundation for the next step which is concerned with the desired outcomes of the proceeding, meeting or session. This second step is majorly concerned with the foreseeable results and expectations of all the stake holders of the meeting. The desired outcomes, much like the purpose, are written down and act as a guide or general framework for the meeting. The third step is concerned with allocation or assigning of roles of the facilitator, the overseer, the time keeper and the scribe. These are the primary players and regulators of the meeting who are charged with the duties of setting the agenda rolling. The facilitator is the key regulator of the meeting with the scribe taking down minutes and the time keeper allocating durations for all steps. The fourth step is setting the agenda, a comprehensive statement of the major objectives of the meeting which connect the purposes of the session to the foreseeable results. The last step is concerned with establishment and allocation of time for each item on the agenda. The mining group gold is a process that is effective for all types of proceedings or meetings...
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...are called in Brazil are independent farmers of the gold that flows beneath the rivers of the Amazon rain-forest. Their daily routine of early mornings, long hard days, and late nights drinking and taking cocaine contribute to their way of life. Their only goal in life is to drill for the gold dust which seems to collect at the bottoms of waterfalls then use the profits for illegal self indulgences like cocaine. To extract this gold dust they must combine mercury with the dust, and because of the mercury’s chemical make-up it is able to extract the gold from the useless rock and debris. The mercury, however, isn’t the cleanest element for the environment. Many garimpeiros carelessly use the mercury then dump it into the rivers polluting the water and the food. Also, the dust from the mercury gets inhaled by the miners, contributing to their polluted way of life. All day dragas, which are boats used for mining the bottom of rivers, are pulled to locations where gold is thought to be found, moving and polluting. Then there is the common drug use among these farmers. To sum the garimpeiros’ way of life, they live a life of drinking and drugs, women and murder. So the polluted way of life is obvious, men poison the waters and the food and then ultimately themselves, with the illegal activities of the mining trade in Brazil. Although most do not realize their way of life and its defects, the struggling people of the Brazillian mining trade have special situations and great aspirations...
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...Pan American Silver Corp. (NASDAQ: PAAS) * Enterprise Value: $833.83M | * Enterprise Value/Oz.: $1.36 | * Industry: Silver Production | * Symbol: PAAS | * Production: 19,330,000 (9 months) | * Market Capital: $1.03B (as on 7/1/16) | * Revenue: $511,728,000 (9 months) | * Share Price: $6.81 (as on 7/1/16) | * Net Income: $ (9.46)M (as on 30/9/15) | * P/E Ratio: N/A | Pan American Silver Corp. is a Canadian company focusing on silver mining in Mexico, Peru, Bolivia and Argentina with corporate office in Vancouver. The company is trading on the Toronto Stock Exchange under the SYM: PAA and SYM: PAAS on the NASDAQ. Founded in 1994, the company acquired its first operation, the Quiruvilca mine in Peru, in 1995. It has grown into an established and respected mine builder and operator through the acquisition and reengineering of existing mines, or through the development of late-stage exploration assets that they successfully permitted, built and put into ongoing mining operations. In two decades, with constant increase in production and reserve year after year the company has become the world’s second largest primary silver producer. Mines and Claims Pan American Silver owns seven operating mines and six development and exploration projects. All the projects and five of the seven operating mines are under 100% ownership of the company. The operating mines and development projects are all located in Mexico, Peru, Bolivia and Argentina. ...
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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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...Text Mining For Gold 1) What is the business impact of text mining? What problems does it solve? Text mining is the discovery of patterns and relationships from large sets of unstructured data; such as text files, emails, memos, call center transcripts, survey responses, legal cases, patent descriptions, and service reports. Text mining and text mining tools help businesses analyze this data (Laudon 164). The tools are able to extract the key elements from large unstructured data sets, discover patterns and relationships and summarize the information. Businesses use these tools to analyze transcripts of calls to customer service centers to identify major service and repair issues. The problems that are solved with text mining is; it shortens the time to accurately find data. By converting unstructured text into structure output, text mining results can feed into further analytics or be combined with the results of other data analyses. By doing so it enables delivery of comprehensive, high quality text mining results as part of systematic and reproducible workflows. 2) How does text mining improve operational efficiency and decision making? Text mining improves efficiency and decision making by providing the tools such as software so that companies can choose what data they want to focus on. Text mining software is starting to get popular and software companies are developing software to accommodate business needs. Example, the Law Firm DLA Piper discussed in...
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...Old Phones are the new Gold Mines With new chemical methods, more precious gold can now be selectively extracted from old electronics. The study was recently published on Angewandte Chemie journal by German Chemical Society. Figure 1: A substantial amount of gold obtained from recycling old phones and other electonics [Credit: http://nokiarevolution.com] With rapid revolutions in technology in this digital age, people are quick to change their phones to the latest handsets. But few people realise that recycling their old phones is imperative, and the shocking potential benefits it may bring. A recent study has found a surprising new way to extract the maximum amount of gold from old Waste Electrical and Electronic Equipment (WEEE)---using...
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...Introduction Gold is a very valuable metal that has many uses around the world from being the foundation of the world’s economy to jewellery, electronics such as mobile phones, calculators, computers and televisions as well as dentistry and other medical techniques (The Many Uses of Gold 2005-2013). Gold has been used in the economy for over 6000 years (Neale. T 2005). The early transactions were done using pieces of gold. Then there was the ‘gold standard’, where a country maintained a stockpile of gold to back every dollar in circulation. This meant any person could present paper currency to the government and demand in exchange an equal values of gold, this is no longer used in any nation due to its cumbersome. Now gold is used as a financial backing for currency (The Many Uses of Gold 2005-2013). Copper is essential in everyday life. It is used universally in the home for water pipes, locks, electrical wiring and electronics. Copper has excellent thermal and electrical conductive properties, as well as being strong and ductile it is hygienic, has a resistance to corrosion and is extremely easy to alloy (Copper – a vital element 2013). It is due to these properties that copper is such a popular metal that is widely used in the infrastructure, electrical, mechanical and construction sectors of society. Gold and copper are both extracted from the earth’s core through mining techniques. Papua New Guinea (PNG) is ranked as the 11th gold producer in the world (Gold Mining in Papua...
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...Mining Group Gold Introduction to Business and Technology Professor Cussac December 4th, 2013 The five basic steps for Mining Group Gold are first to determine, or establish the overall purpose of the session or meeting. Nobody wants to walk into a room without having a specific topic or idea to be covered. Having a scope defined will determine the next steps of drilling down what should be accomplished, and help define the time frame, as well as the necessary participants of the meeting or session. Secondly it is important to determine the desired outcome(s) of the session or meeting. An overview stating desired outcomes of a meeting or session is important information for the participants to have, so that they may gear themselves up for appropriate interaction, dialogue, evidence to support positions, and tasks that need to be addressed. The third step would be to assign the roles of a facilitator, a scribe, and lastly a timekeeper. The facilitator is the one who is able to open the topics, garner responses, while the scribe takes notes, helps with charts and brainstorming ideas on paper, while the timekeeper keeps accurate track of the time associated with the progress of the overall meeting or session. The fourth step for success in mining group gold would be to set the agenda for the meeting or session. An agenda serves a purpose of letting participants understand all of what is to be covered in the meeting or session. And lastly, the fifth step would be...
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...required departmental level meetings that are called on some regular basis, either weekly, every two-weeks, or monthly. The expectation is that such meetings are necessary and therefore required. And yet, some people consider such teams to be a waste of time, money, and resources. The Mining Group Gold process is a team process and meeting management process whose sole purpose is to leverage the combined wisdom, experience, and ideas of everyone on the team in order to cash in on this wisdom to improve the overall meeting process and to improve the decisions of the organizational unit. Kayser (1995) developed and perfected a method for teams or groups of individuals to maximize and capitalize on their collective effort in a decision meeting venue. Kayser’s steps to Mining Group Gold are to (a) establish a purpose for the meeting; (b) set the outcomes that the group wishes to achieve from the meeting; (c) assign the roles of facilitator, scribe, and timekeeper; (d) set an agenda for the meeting; and (e) perform periodic time checks during the session to keep the group on track and on task. The connection between the Bikhchandani et al. model of observational learning and Kayser’s Mining Group Gold process is that significant behavioral observation and reflection...
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...Problem-Solving Case, Ch. 5 Text Mining for Gold? 1. What is the business impact of text mining? What problems does it solve? Text mining has had a large impact on business. Businesses are able to use text mining techniques to better understand their customers. It allows them access to unstructured data that were not available before, such as Facebook statuses, Twitter tweets, blogs, transcripts from call centers, e-mails, and phone calls. Text mining allows businesses to analyze that information for better decision making and it allows them to consolidate that information at lower costs since the cost of text mining programs is much less than the cost of paying hundreds of people to go through the information manually. It allows businesses to determine their weaker areas of customer service and begin improvements with their customer relations. 2. How does text mining improve operational efficiency and decision making? Text mining improves operational efficiency by use of software programs that analyze the available data and consolidate it. It removes the possibility of human error and allows businesses to save money in wages by reducing the number of employees necessary to manually analyze the information. Text mining improves decision making by allowing businesses access to information that was not available before. For example, according to the textbook, Kia was able to analyze the affect of its Super Bowl commercial by using text mining techniques to determine the...
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...Mining group gold Date 10/11/13 Mining group gold The mining group gold process contains the following basic processes. The first basic process is determination of the purpose of the proceedings, session or meeting. This entails the process of outlining the objectives and laying down the aims of the meeting prior to allocation of duties and responsibilities to be observed during the meeting. This step lays the foundation for the next step which is concerned with the desired outcomes of the proceeding, meeting or session. This second step is majorly concerned with the foreseeable results and expectations of all the stake holders of the meeting. The desired outcomes, much like the purpose, are written down and act as a guide or general framework for the meeting. The third step is concerned with allocation or assigning of roles of the facilitator, the overseer, the time keeper and the scribe. These are the primary players and regulators of the meeting who are charged with the duties of setting the agenda rolling. The facilitator is the key regulator of the meeting with the scribe taking down minutes and the time keeper allocating durations for all steps. The fourth step is setting the agenda, a comprehensive statement of the major objectives of the meeting which connect the purposes of the session to the foreseeable results. The last step is concerned with establishment and allocation of time for each item on the agenda. The mining group gold is a process that is effective...
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...Answer 1 Five basic steps for Mining Group Gold 1. Determine the purpose of the session or meeting. 2. Determine the desired outcomes of the session or meeting. 3. Assign the roles of facilitator, scribe, and timekeeper. 4. Set the agenda. 5. Establish the time allocation for each item on the agenda. ______________________________________________________________________________ Answer 2 Facilitator has to be a leader in each and every situation. When individual works on specific parameter and situation along to build passion and motivation of his team that person building up his leadership in particular task and situation which the individual adapt according to it maturity level. There is a leadership and the collaborative style of people is very effective and making the team work of the people with efficient performance. The actual cause of problem is being diagnosed and there is willingness in changing the plans. The plans which are changed are realistic and portrayed for long term relations (Barbuto, JE 1997). ______________________________________________________________________________ Answer 3 Safeguarding means the protecting of the work environment of company. Gate opening is the process which describes how the firm gets benefit from the opening of the new product development. ______________________________________________________________________________ Answer 4. Group thinking process does not consider the discussion process lead to common...
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... Butch was uncertain as to the type of company he should register. He planned to be the Managing Director of the company and to have his close friend Patsy as Chairman. Butch wanted to keep the affairs of the company confidential and retain control of its management but without the large amount of capital required, the company would not be able to undertake its objectives. In April, Butch contracted with some mining engineers to assist with the mining operations in October. Butch signed the contract with the mining engineers as “agent of Diamond Pty Ltd”. In June, Butch registered Diamond Pty Ltd with no constitution. Ralph is a shareholder in Diamond Pty Ltd. Ralph becomes aware that the directors of the company are considering the creation of a constitution with the following rules: i) that no director may be removed from office by the members; ii) that members may only appoint directors of the company as proxies to general meetings; iii) that the company’s activities are restricted to diamond mining. In early October, Butch advises the mining engineers that Diamond Pty Ltd is not going to go ahead with the contract as it no longer requires their services. REQUIRED: With reference to the Corporations Act 2001 (Cth) and case law, you are required to answer the questions set...
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...Introduction Managing the risk of changing prices of gold is central to the business strategy of American Barrick Resources Corp., one of North America's largest and most successful gold-mining firms. The case contrasts this firm's hedging policies with those of its rivals that do not hedge and details the wide range of hedging products (gold loans, forwards, options, and spot deferred contracts) used to manage price risk. In 1992 the management of American Barrick is pleasantly surprised by unexpected new gold finds, but this new production places demands on the firm's hedging program and tests the firm's commitment to hedging when prices of gold and of many hedging vehicles are unattractive. The gold mining industry has been heavily impacted by the fluctuating gold prices and continuously rising operating costs. Hedging gold prices has become important to ensure financial stability in a sector where mines are unprofitable due to high volatility. Through this case we question the value created by hedging and analyse various instruments to decide upon the best available instrument to Barrick. In this document we explore: 1. Popular theories of hedging and focus on hedging in the gold industry. 2. Analyse features and risk of the gold hedging program at Barrick. 3. Analyse characteristics of Barrick’s gold hedging program. In this document we conclude that value of hedging gold prices creates value for shareholders especially when other firms remain exposed. ...
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