Essays on Newmont Mining

Value Chain Product-Based Companies

Introduction Supply chain management refers to all engagements required in over-sighting of the movement of product/services from a producer to the final consumer. As a process, it involves the management of materials, finances as well as information through proper coordination and integration between companies. Supply chain forms the heart of a company’s operations to fulfilling its objectives. Effective supply chain has to create, deliver and maintain an effective value chain in its operations. Here, value chain refers to all internal function’s engagement with external suppliers in order to fulfill the needs of the consumer. In reflection to ...

Problem Statement:

The case is about the somber aftermath that is encountered by the Newmont Mining Corporation after the worst mercury spill, which jeopardized their ability to conduct business in Peru. The incident is said to be the worst mercury spill in the global history when one of Newmont’s truck stumbled out more than 150 kilograms of toxic mercury inside Peru from the Yanacocha mine. This caused severe threat to the lives of hundreds of people and drastically devastated the native communities. The consequent audit to the incident also revealed that the operations of Newmont Mining Corporation in Peru neither ...

Introduction

Mining activities can pose serious environmental and health implications. Although, these environmental and health hazards can be mitigated and effectively managed through sound engineering and environmental practices, these environmental and health issues associated with mining operations could not be totally eradicated. In general, there are three major players in the mining industry: the company, which include the employees and the stockholders; the regulatory bodies, which include the government and other national and international environmental organizations; and the community, which are not directly related to the mining industry, but is impacted by its operations. Each one of these stakeholders has ...

The article provides us with a profound insight of the Adam Smith’s philosophy. Moreover, it depicts Smith in a new light, which was unknown to most of the people, even those interested in economic theory and philosophy. Amartya Sen, in his article “Adam Smith and the contemporary world” asserts that usually people underestimate Smith’s influence on the economic theory and society as a whole. To prove the point, the author provides scores of relevant examples, quoting different passages from various works.

Everyone knows that Adam Smith is considered to be a “father of a modern economy”, however, not all of his ...

The relevant stakeholders described in the articles is composed of the corporations such as Newmont Mining and the other companies involved in the mining operations. However, the most affected and considerably the important stakeholders in the case are the residents of the communities near the Yanacocha mine, and town of Choropampa. Peru’s mining history was shrouded with allegations of environmental negligence due to the issues of mercury spill that affected the nearby areas of Newmont mining site. What makes the corporations involved as stakeholders is that the company has the highest business interest in the issue given that ...