Preview

Bauxite Mining Issue in Orissa.

Good Essays
Open Document
Open Document
335 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bauxite Mining Issue in Orissa.
Commentary On: Bauxite Mining Issue in Orissa.

(Draft #1; I’ve just done my research and written up, i still have to put it all together, produce graphs and more)
Article link : http://www.guardian.co.uk/business/2010/aug/24/vedanta-mine-plan-halted-indian-government

In a conference or board meeting room, business leaders should get down to the nitty-gritty interest, such as minimizing social cost instead of minimizing private costs. Often long-term environmental damage is overlooked by short-term business gains. In today's cultural society, externalization of cost is a big flaw built in the system. Negative externality is unintended but an arrant consequence. There is a wild divergence between practice and theory when it comes to managing harms caused by economic activities. Through the years, cultural change and laws have prompted big improvements serving the environment. One such activity is the Niyamgiri Bauxite Mining Project by Sterlite Industries.

Vedanta Aluminium Ltd. was supposed to extract up to 150 million tons of bauxite from the Niyamgiri Hills. The Orissa Mining Corporation was not able to initiate the project mainly due to the rejection of the final clearance by the MOEF (Ministry of Environment & Forest). This led to a major set-back to the UK based Vendanta Group.
The rejection was based on quoting various violations of the forest and environmental laws. The companies report was found in violation of the Forest Conservation Act 1980, the Environmental Protection Act, 1966 and the Forest Rights Act, 2006.However , this did not stop the industry yet, the COO of Vedanta industries proposed the state government to allocate some other bauxite source close to their refinery. The Niyamgiri reserve holds 78 million tones of Bauxite. The hill alone couldn't fulfill the requirement of the Company.

NGOs and other organizations opposed the entry of the project into the Niyamgiri hills.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Both Tavin Mcleavitt and Shaunna Rangel offer positions that are supported by both facts and opinions. The author Tavin Mcleavitt explore to urges diamond mining is harmful to the environment, while the author Shaunna Rangel argues that the mining companies are finding new ways to preserve the environment, while both sides make and acceptable case, the author Tavin Mcleavitt provides a stronger argument. First example is the author Tavin Mcleavitt stronger argument is the explanation that diamond mining pollute air quality. The author2 praise with support from regulators for this reason mining can closely monitor to emit dangerous levels of carbons, as a result governments can continue to enjoy benefit from diamond mining. This is a valid…

    • 296 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Abc Company - 1

    • 1244 Words
    • 5 Pages

    References: 1) Wayne Jansen, Business risks facing the Mining Industry, kpmg.com, December 2011, pdf. Retrieved 18 December 2012 from http://www.kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/Documents/6104_Top%20Risks%20in%20the%20Mining%20Industry_TL_web_v4%20(FINAL).pdf…

    • 1244 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    2. Discuss the economic and environmental impacts of extracting any two minerals that you identified in the table. (Additional resources may be necessary.)…

    • 268 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The modern pursuit for resources to build society has left a negative impact on our environment. While many communities need industry to live, as it offers employment and a way to survive, it also is poising the backyards of the people that work in industry. The film “On Coal River”, emphasizes this dangerous situation.…

    • 542 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The BHP OK Tedi Mine in Papua New Guinea (PNG) has raised many environmental, ethical and social responsibility issues regarding organisational management on many fronts. There have been many approaches in an attempt to confront and address the varying factors which encompass both past and present business practices.…

    • 1812 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Rio Tinto Industry Analysis

    • 2817 Words
    • 12 Pages

    Rio Tinto is a successful international company in finding, mining and processing the earth's mineral resources such as aluminium, copper, gold, diamonds, industrial minerals (borax, titanium dioxide, etc), iron ore and energy products (coal and uranium). Rio Tinto is a combination of several subsidiaries with each subsidiary focusing on a type of product. This report will be focusing on Rio Tinto's industrial minerals group of ilmenite miners that are comprise of wholly owned QIT - Fer et Titane in Canada and also 50% interest Richards Bays Mineral located in South Africa. Both subsidiary mine ilmenite which produces titanium dioxide as the main products that are usually used for pigments used in paper, plastics, paints, etc.…

    • 2817 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Conducting business in global markets can be very stressful. With regards to environmental factors, the way that business conducted is very important. We now live in a society where…

    • 545 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    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?…

    • 306 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    BHP Billiton, as a leading global resources company, has explicitly declared its commitment to operating sustainably. It is thus imperative for the company to seriously take into consideration the issue of environment and climate change and other relating issues. This essay therefore will first look at BHP’s environmental stand from a sustainable international business aspect and then some existing issues of the company’s current operations and managerial decisions.…

    • 1811 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Businesses provide a range of goods and services to suit consumer wants, needs and budgets…

    • 1397 Words
    • 6 Pages
    Good Essays
  • Good Essays

    1) A British based private mining firm has been in news recently for the controversy regarding the violation of Forest Rights Act, at its bauxite mining site in Niyamgiri hills in Kalahandi district, Orissa.…

    • 364 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Minning

    • 1123 Words
    • 5 Pages

    “Mines, Industries Choke Keonjhar District.” Times of India 24 Sept. 2009. Infotrac Newsstand. Web. 5 Nov. 2012.…

    • 1123 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    ‘Alabama's mining industry is vital to the state's economy. It ranked sixteenth nationally in total nonfuel mineral production value and thirteenth in the production of coal in 1999. The value of nonfuel minerals in 1999 was $993 million. The State produced 19,504 thousand short tons of coal in 1999. The industry employs 9,700 workers, with an average annual income of $48,968. Alabama's combined direct and indirect economic gain from the mining industry is $8,061,602,000’.…

    • 1669 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Neyveli Lignite Corporation Limited (NLC) was incorporated in 14th November of the year 1956 as a private limited company under the house of Government of India (GOI). It went to public in 7th March of the year 1986. The main core activity of NLC is lignite excavation and power generation using lignite excavated. Neyveli lignite corporation has been conferred with “MINIRATNA” status in 2004. In commencement of Golden Jubilee Celebrations ( 1956-2006) the Hon’ble Prime Minister Dr,Manmohan Singh, visited Neyveli on 04.02.2006 and laid foundation stone for Mine-I and TPS II Expansation.Vision of NLC To emerge as a leading mining and power company.Mission of NLC * Strive towards greater cost competitiveness and work towards continue financial strength. * Continually imbibe best practices from the best India and international organization engaged in power generation and mining. * Be a preferred employer by offering attractiveness avenues of carrier growth andexcellent work environment and by developing human resource to match international standards, * Play an active role in society and sensitive to emerging environmental issues.LIGNITE RESERVES: Geological reserves of lignite in the country have been estimated at around 36009 million tons. As on 01-01-2004 out of the above 4150(MT) of lignite spread over an area of 480 Sq.KM is on the Neyveli Lignite fields in cuddalore district of which around 2360 million tons have been proved.EXSISTING PROJECTS :MINE – I The lignite seam was first exposed in August 1961 and regular mining of lignite commenced in May 1962. German excavation technology in open cast mining, using Bucket Wheel Excavators, Conveyors and Spreaders were used for the first time in the country in Neyveli Mine-I. The capacity of this mine was 6.5 MT which met the fuel requirement of TS-I. The capacity was increased to 10.5MT of lignite per annum from March 2003 under Mine-I expansion scheme and at present…

    • 3560 Words
    • 15 Pages
    Good Essays
  • Best Essays

    Nowadays, diamonds are one of the most precious luxury items where people are purchasing for large sums of money without knowing the facts that the mining industries are affecting the natural environments around them. As more people are purchasing the diamonds, the more diamonds are produced from the factories and more negative impacts are resulted on the environment. For diamond companies like De Beers is recently engaging with the community and finding ways to reduce the amount of negative impacts on the environment such as energy use and emissions, waste and recycling, use of water and impact on biodiversity. This essay analyses the performance of De Beers specifically how the company is contributing to the environmental and communities. The aim of this paper is to show a balanced argument between positive and negative impacts affecting the environment and the company.…

    • 1894 Words
    • 8 Pages
    Best Essays