Business conduct within the Mining industries have changed overtime as the rapid demand of constant supply in raw and refined materials have increased. Due to such demand, the mining industry and the business within requires low-cost, high capability labors which only resource rich developing countries has to offer, as most of these countries have no legal regulation on labor services. This leads to issues such as exploitation of workers with focus on the dignity principle, the inequality of power under the fairness principle and bribery under the citizenship principle within the Global Business Standard codex. (Paine et.al 2005). The other standpoint however is foreign business within the mining industry, and specifically within developing countries can act as an instrument for economic growth for the nation and raising living standard for the employees, whilst providing a competitive advantage from the easily available labour for the business. (Campbell 2010) Finally, it’s about applying basic business conduct benchmark through the principles of the GBSC where businesses continue to source labour from developing nations whilst applying a higher ethical code of conduct toward its employees.
One of the major issue within the Modern Mining industry is maintaining integrity and ethically compete within the global market, which requires discrimination on any acts of bribery. The actions of Bribery defined by AAMIG president Bill Turner ‘Bribery is a payment for something to which you’re not legally en¬titled’ . Bribery comes in multiple characteristic and forms, such as the facilitation payment. Conversely, In order to remain competitive within the global mining market, every business must source an effective workforce meaning t...
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When dealing with corruption, first question to ask or to clarify is what corruption is. NSW Research (2002) describes corruption anything from gaining materialistically by virtue of position (for eg. getting a special discount at stores) to engaging in ‘direct criminal activities’ (eg. selling drugs). Newburn (1999) believes that there is a thin line between the definition of ‘corrupt’ and ‘non-corrupt’ activities as at the end, it is an ethical problem. For common people, however, bribery generalises corruption.
In this case, Phelps Dodge management is primarily concerned with the long-term viability and profitability of the company. The management team has internalized a duty to the owners of the mining operations to adjust company practices to reflect current market conditions with the goal of maximizing company profitability and industry dominance. The remuneration and professional reputation of the Phelps Dodge management personnel is also correlated to the general performance of the corporation, thus introducing very personal attributes into conflict. In the view of these mangers, the restrictions placed upon the business operations by the labor unions are a significant hurdle to achieving these goals. This view by the Phelps Dodge management of the labor force as one of many puzzle pieces to be adjusted to further enhance profits and corporate viability is supported by the capitalistic business environment prevalent throughout the United States as well as much of the Western
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Long had the countries of Africa been hindered beneath the rule of the colonial powers of the Europeans. In the wake of independence, the population believed that a new and better life would be in the near future. What they didn’t realize is the hardships and turmoil that would be faced to ensure success. A prime example of this is seen in the country of Sierra Leone. Quite obvious, a country utilizes their main resources in order to gain status and power amongst the world. For example, some countries contain oil as their resource, while others may produce crops to provide for their country. In Sierra Leone, mines filled with diamonds were found to be the lucrative resource needed to give the country a chance at success. With such a rare commodity
...t concluded that the amount of expenditure for the companies, collectively, was over $55 billion.(Lannin 2013). According to Terry Heymman, who is a member of this council, the amount also included payments to communities, payments to employers and employees, to businesses and suppliers and governments. (Gold 2013). Terry Heymman also stated that the benefits of gold mining are so great, they can't be measured; even the economy benefits from gold mining, royalties are everywhere, making up a huge section of the government's total revenue (Lannin 2013). Also, a few of the top members of a Wisconsin sand mining industry aimed to improve the association standards by creating a strict code of conduct. Even though they already had high levels of environmental protection, management and safety, they wanted to improve them, they aimed for self-regulation. (Rivedal 2012)
Bribery is wrong, and it would be almost instinctive to point at the benefits of impartially functioning public servants and incorrupt corporations to our democratic society as justification. However, in this imperfect world where bribery is rife in varying degrees, is it possible to express this notion convincingly? Certainly 'because the UK Bribery Act says so' is far less persuasive to a council planning office in Shanghai than in London, and indeed in compliance with section 7 of the Bribery Act 2010 which relates to commercial offences, it is essential that this question is engaged with on a corporate scale and without assertion through dogma. Accordingly, this essay will argue that elements wrong with bribery are inclusive of both moral and economic considerations. Moreover, in conjunction with international mandates, advent of aggressive legislation such as that of the UK Bribery Act 2010 is representative of global efforts to eliminate bribery. Hence, it follows that bribery can never be considered a normal part of business because it is economically unsustainable in the long term.
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But therein also lies the greatest opportunity for miners, were they to exploit the same avenues to skillfully influence public opinion, educate society on the economic and social benefits of mining, and complement on-the-ground community development endeavors with online engagement. The following passages discuss these opportunities and threats in detail.
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-economic interest of the miner without any legal document (e.g. land rights, mining license, mining exploration license) that can validate the operation
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In our industry the majority of professionals considers corruption activities such as bribery to obtain planning permission or contracts; billing for unperformed work; production of fraudulent invoices; concealment of bribes; false or exaggerated claims; collusion and cartel activity; inclusion of extra cost to contract claim; cover pricing; employment of illegal workers; cover pricing; and leaking of information to a preferential bidder. Nevertheless are practices that exist in construction, and this is because the people start with small things, and in the end, people will tolerate this behaviour gradually, without realising that his moral scale has been
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The term sustainable mining is used loosely by governments and NGOs. Minerals are a finite resource with an uneven distribution on the earth crust, for a resource to be sustainable it has to be replenished, regenerative or renewable in its essence with no environmental impacts (D’Souza, 2012). It is true that there are abundant deposits of some minerals including silicon and iron, however other minerals like silver and copper are relatively scarce, and the recent economic and population growth rapidly accelerated the exploitation and consumption of these minerals(Miller & Spoolman, 2009:p.360). Moreover, some minerals (terbium and neodymium) are hard to extract because there are not many rich profitable deposits, meanwhile, they are highly
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