New financial mechanisms for addressing mining community problems

by Canada. Dept. of Energy, Mines and Resources.

Publisher: Department of Energy, Mines and Resources in Ottawa, Ont

Written in English
Published: Pages: 61 Downloads: 322
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Subjects:

  • Single-industry communities,
  • Mine closure

Edition Notes

StatementDepartment of Energy and Mines Manitoba and the Department of Energy, Mines and Resources Canada.
The Physical Object
Pagination61 p
Number of Pages61
ID Numbers
Open LibraryOL21624228M

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Community Agreements and Mining: A New Frontier for Social Impact Investments. are potentially the most appropriate mechanism for addressing uncertainties and protecting the community’s interests, community-related issues are considered to be among the most serious challenges to a mining project IASC Extractive Industries Issues Paper Comprehensive Integrated Solutions for the Mining Industry A study of the role of internal audit in today’s global mining community An analysis of reporting on sustainability and environmental issues by leading mining and metals companies A summary and analysis of the important issues.

The problems are most acute where local government capacity or other forms of local representation are lacking and where community rights are not enforced by the central ng that mechanisms are in place to enable local communities to play effective roles in.

Community relations and development (CRD) functions provide mining operations with a mechanism for relationship building and benefit sharing. • We take CRD practice as a proxy for a company's commitment to sustainable development (SD) and corporate social responsibility (CSR).Cited by: Financial institutions produce datasets to handle their problems by using data mining tools.

Recently new technologies have been developed for tracking, collecting, and processing financial data. Mining industry response to the book continues to be incredible. Thanks in large part to the efforts by John Chadwick of the Mining Journal,and many other members of the mining community, the Hard Rock Miner’s Handbook has been distributed to over countries worldwide.

Web hits and downloads continue as students and. faced with mining in their community. Although mining companies promise jobs and development, it is fairly unusual for a community that is affected by the mining, to see these benefits.

One of the challenges communities face is a lack of information about their rights and the law that applies to mining. Mining law and governance is complex. Challenge #4: Capital intensity in mining. Developing new mines is expensive, and fewer and fewer corporations can afford the full life-cycle costs of current mining operations.

Rio Tinto alone has at New financial mechanisms for addressing mining community problems book $12 billion in mine closures on its books.

With current operations, mines will need to be monitored for hundreds of years after they close. Key Financial Concepts in the Mining Industry. Revenue Sales Revenue Sales revenue is the income received by a company from its sales of goods or the provision of services.

In accounting, the terms "sales" and "revenue" can be, and often are, used interchangeably, to mean the same thing. Revenue does not necessarily mean cash received.

Mantashe immovable on community engagement matters. Given the increased attention being given to the socio-economic and environmental impact of mining, a lot of work, initiatives and money is now being deployed to address and prevent the negative impacts of mining.

The current turbulence in the mining industry in South Africa has its roots in several different factors.

First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry.

A great deal has been written about the first two factors, so. I've actually been through a few of these and agree with the majority of the answers listed here but for one fact.

When you value things you typically have three methods: 1. DCF (present value of estimated future earnings from the project) 2. Com. A good community profile will help you to make sure you address the correct issues in your area. Here is a broad list of the types of things you may want to know: • The people in your ward and the problems.

Mining is a dangerous profession. The traditional occupational hazards such as coal dust inhalation, damage to hearing due to the noise in a mine and chemical hazards still stand but the changing nature of mining has led to a raft of new issues. As mines are getting deeper, the. Search the world's most comprehensive index of full-text books.

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mining industry, with its impending development of several new mining projects ($B over the. Mission 's plan would address these issues. See the green mining page for more information. Cost of inaction/action.

If no action is taken to remediate the many environmental problems inherent to modern mining, the end cost for governments and communities would be devastating. Financial Footnote Analysis: Developing a Text Mining Approach Maryam Heidari1 and Carsten Felden1 1Information system department, University of Freiberg, Freiberg, Saxony, Germany Abstract-Financial footnotes analysis provides an opportunity to communicate with stakeholders beyond the numbers in the main body of financial statements.

new mining skills, community education and supplier development. Cyber risks require awareness, collaborative strategies and executive-level oversight to ensure these are mitigated.

The three domains (emergent opportunity, regulation and impact), inform the five sections that comprise the Future of Mining. Section 1: Digital Mine. It also addresses some technical geomechanical issues associated with deep mining. Some of the current challenges, advances, and prospective issues in deep mining can be summarized as follows: (1) Deep mining will become common in the future as coal and mineral resources at shallow depths gradually become exhausted.

Mechanism to integrate the 3 SD pillars: There is need to have a mechanism to integrate SD issues in social, economic and environment pillars.

This will promote cost-efficiency and effictiveness through the improvement, to the best extent possible, of such systems and monitoring and evaluation, procument and financial management. Fortunately, recent progress in the fields of communications, illumination, and dust control are enabling new techniques to improve employee safety and make working conditions more comfortable.

Here are four examples of issues that have historically plagued the mining industry and new solutions that aim to address them. of directors. Many companies in the US have adopted legal compliance mechanisms which address ethics or conduct issues in formal documents (Weaver et al ), but much of this activity has been attributed to the U.S.

Sentencing Commission’s Guidelines for organizational defendants which prescribe more lenient sentences and. As companies look intohere are what we consider the top business risks facing the mining industry. Business Risks in the Mining Industry 1. Production Management Maximizing the economic efficiency of production is a competitive advantage for miners who do it well.

Production is impacted by financial, geological, and even social factors. Major Issues In Data Mining. The scope of this book addresses major issues in data mining regarding mining methodology, user interaction, performance, and diverse data types. These issues are introduced below: 1.

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Great overview about the mining sector. Not deep but very wide. By reading this book, you will know where to start your research and avoid very silly mistakes that can be costly. Mining is cyclical- Never fall in love with mining shares.

Costs matter. Beware of fraud- These lessons alone will save you from lot of costly s: 9. Data mining tools become important in finance and accounting. Their classi-fication and prediction abilities enable them to be used for the purposes of bankruptcy prediction, going concern status and financial distress predic-tion, management fraud detection, credit risk estimation, and corporate per-formance prediction.

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Get Free Mining The Environment And Indigenous Development Conflicts Textbook and unlimited access to our library by created an account. Fast Download speed and ads Free! Mining companies have to give an amount equal to 10–30% of the royalty to DMFs for investments to improve the lives and livelihoods of mining-affected people.

Last week a friend who knows I have spent a fair amount of time working on mining/oil and with mining/oil companies in recent years asked me what are some of the major societal challenges facing mining companies in the next few years. My response .