1. A mining firm can create competitive advantage by choosing a mine with specific physical features or increasing the efficiency of its operations. First, choosing the location and the kind of place to mine is crucial. In an open pit mine the ore can be stockpiled while in an underground mine the grade/density of the ore can be selected more flexibly. On the other hand, the efficiency to process the ore is reflected when a firm does less mining and obtains more gold. In the short term a mining firm can adjust the quantity and the quality of the gold. In the long run the company can reduce the costs and increase the production using economies of scale.…
As seen from above, crucial planning needs to be done prior to opening the mine so that a profit will be made in the end. The total income received from selling the minerals need to be greater than all the costs involved. These costs include, the wages of the miners, surveyors and financial analyzers, the costs of the mining process itself including the clearing of land and digging, the costs of buying and running the vehicles and equipment and finally the costs of the environmental rehabilitation.…
2- mining on the West. how mining change the West, and the practical and social problems which arose on the mining frontier.…
The project studied is located in Pueblo Viejo, Cotui, world-class mineral resource and one of the biggest non-developed gold deposits. Through the development of the project, the Barrick Gold has been able to get the results they wanted from the mine, but there have been several discussions within the Dominican population over the disadvantages that it has brought to the economy of the country. Moreover, the Dominican State has a prior interest for the country to develop economically, generating jobs and taxes. But as the project develops, it is noticed the increasing damage that Barrick Gold’s actions have on the environment of the country, especially in Cotuí. The main fear of the cotuisanos is that within 25 years, when Barrick completes its work, they will be left in a contaminated town, with no natural resources and without the benefit of the billions of dollars in resources that it’s being extracted at the moment (Protest Barrick Gold, 2007).…
4. How the mining companies work with and help with the communities where they are mining.…
natural resources has a supplementary significance, but they need add much value based in the knowledge. This article discuss…
Minerals have aided in the continuous growth of developing nations and also, "had abundant mineral deposits that enabled them to industrialize" (Berg, 2013). However, as a consequence of industrialization, "these countries largely depleted their domestic reserves of minerals so that they must increasingly turn to developing countries" (Berg, 2013). Also, minerals affect the global economy. For example, China "controls more than…
Resources and reserves are similar in that the both benefit humanity. Resources are materials that can be used to satisfy human needs, or used as support. Reserves on the other hand are known deposits with the ability to extract the available material economically; the size of these reserves is not always known or defined. Resources could be possible reserves but they are not exactly economically viable. When estimating the influence of reserves and resources for commodities some technological, economical, environmental and political factors must be taken into consideration. In technology for example extraction methods, development, processing, shipping and distribution are some main areas to pay attention too. These technological impacts can affect the cost and the feasibility of recovery, this referring to any externalities, costs aside from the established price for the commodity. Linking to this we see the economical factors, which include commodity price, supply and demand, cartel, and price controls. Also any changes in price, regulations, or politics may influence resource recovery since the political and human factors involved are government/political stability; crime control; industrial nationalization; perception and cultural value.…
Since the beginning of the history, frequently the necessity to survive had been base in the interaction between different parties. Most of the time, each party is looking for something that could benefit them. For instance, I could have the ability to catch a fish easily, but I’ll need a canoe which my neighbored have, to go through the river to get the fish, and my neighbored need the fish to eat as well. There is where the exchange between products begins. The same happens in mining, where develop (rich) countries “helps” the developing (poor) ones to extract their minerals and raw materials to “increase the economy”. However, what does the wealthy countries gets from this? It is a true help or they like me, just need the canoe to catch the fish. The first world commerce system was the Silk Road, and it was substitute with the first worldwide commerce system, the silver. The Silver was the first mineral obtained in the Americas and send to the Old continent to commence. From there humans stated mining to get minerals, and gemstone, such as gold, diamonds, and silver, among others. Minerals are solid inorganic substances of natural occurrence. Mining is the process of obtaining coal or other minerals from a mine. What are the benefits of mining? What are the disadvantages of mining? One side doubt of the advantages that could bring mining for a country and the other side discussed that mining give essential benefit to the country and increase its economy. “To mine or not to mine? That’s the question” The discussion had been a big inquiry during the past centuries. It had cause controversy because of its pros and cons. But it is really worth it?…
Economic progress must not, under any circumstance, go against the social and environmental progress. When this happens, the ways of growth must be reformulated. In Belo Monte’s situation, its construction began without the proper environmental and social impact studies, taking away legitimacy to a project that could represent lots of benefits, both for the Brazilian industry and the general community. Nevertheless, instead of those benefits, what this project has brought is the protest of the national and international communities. This is due to the way that all the processes had been managed, neither taking really into account the geographical place where it’s located (the Amazon forest) nor involving the affected communities, without mentioning the multiple corruption and overruns scandals that have taken the cost of Belo Monte form R$4.5 billion in 2005, to R$19 billion in 2010.…
I support the Kayapo rights to preserve their way of life over the rights of those of the greater “world” to have access to it. This land is theirs to do with as they please. Since the 1950’s when the Kayapo people began to interact with the outside world, they have managed to participate in many aspects of the contemporary world while maintaining their indigenous culture. It is important to allow them to continue their way of life for as long as they choose. I feel that the Brazilian government has an obligation to protect the rights of the Kayapo not only for the Kayapo, but also for the greater good of our planet. If mining, logging, cattle ranching go unregulated and dams are permitted, the global ecological balance could adversely shift.…
With a total land mass of just 8,124 square miles, El Salvador is the smallest country in Central America. Like many of its’ neighboring countries, it possesses very few natural resources. Since the nation’s economy is based predominantly on agriculture, it’s no surprise that its’ citizens often experience “resource roller coasters”. In addition, its’ long history of inappropriate land tenure and ownership practices date all the way back to colonialism. Even more strikingly, “sixty percent of El Salvador’s population is expected to live in the capital by 2010.” As a result, El Salvador has to deal with continuing environmental problems. The fact that the nation lies along the Pacific Ring of fire doesn’t help either, which subjects the country to frequent earthquakes and volcanic activity. The environmental problems that El Salvador continually struggles with are deforestation, soil erosion, water pollution, contamination and lack of bio-diversity.…
Mexico is commonly associated with their poor water quality and the complications due to these problems, but according to recent studies, one of the most serious problems is in Mexico’s Riviera Maya. Researchers have found products such as pharmaceuticals, shampoo, illicit drugs, toothpaste, pesticides, chemical run-off, and other pollutants that are infiltrating the giant aquifer under the Riviera Maya. The pollutants occupy a series of water-filled caves near the popular tourist attraction of the Yucatan Peninsula and eventually run off into the Caribbean Sea (ScienceDaily, “Pollutants in Aquifers May Threaten Future of Mexico 's Fast-growing 'Riviera Maya '.”).…
Bibliography: * 1. Skhouri 2008, Mongolian Mining Industry, International Business Wiki, accessed 04 April 2010, < http://www.wikia.com/Wikia>…
The exploitation of natural resources does not benefit the population at large. The most productive sectors will continue to be in extractive industries - especially oil and gas, mining, and timber - with the latter two causing significant environmental degradation. Other areas, such as manufacturing, tourism, and services, struggle in the face of poor infrastructure, unpredictable…