Management ethics
Lynas Coporation 's mining of rare earth metals in Malaysia
Lynas Corporation is an Australian rare earth mining Company. It was founded in 1983 and has two major operations: one in Western Australia, and the refining facility at Kuantan, Malaysia. Since its settlement in Malaysia in 2008, the company had to endure many controversies because of the risks of radioactive exposure. The purpose of this essay is to expose this company to ethics. Are they ethically correct? Do they respect the others ' wants and needs or is Lynas Corporation only focusing on cost savings and productivity? This will be answered as follow: first we will explain the current situations and issues Lynas Corporation is facing in Malaysia and the reactions of the Malaysian Government, then we will discuss the different parties responsible for preventing any collateral harm that may be caused by the company, and finally we will see the potential outcome that Lynas Corporation 's chairman has for the future of his company. Throughout this entire essay, we will analyse Lynas Corporation in relation to the management ethics ' theories to see if they respect it or not.
Lynas Corporation 's current situation:
Rare earth metals are a substitute of greenhouse gas emissions and avoid the bad consequences of global warming. They are used for hybrid cars, technological devices such as television or digital music. Rare earths consist only on physical and chemical properties which allow the protection of the environment through energy consumption reduction. These metals appear therefore as the perfect organic solution for reducing our energy consumption and preventing the world from global warning. However, to obtain a sufficient amount of the rare earth metals, they have to be used in a combined way to increase their concentration. This operation requires laboratory experts and creates waste. It releases an element called thorium that has radioactive characteristics. While Lynas Corporation
Lynas Corporation is an Australian rare earth mining Company. It was founded in 1983 and has two major operations: one in Western Australia, and the refining facility at Kuantan, Malaysia. Since its settlement in Malaysia in 2008, the company had to endure many controversies because of the risks of radioactive exposure. The purpose of this essay is to expose this company to ethics. Are they ethically correct? Do they respect the others ' wants and needs or is Lynas Corporation only focusing on cost savings and productivity? This will be answered as follow: first we will explain the current situations and issues Lynas Corporation is facing in Malaysia and the reactions of the Malaysian Government, then we will discuss the different parties responsible for preventing any collateral harm that may be caused by the company, and finally we will see the potential outcome that Lynas Corporation 's chairman has for the future of his company. Throughout this entire essay, we will analyse Lynas Corporation in relation to the management ethics ' theories to see if they respect it or not.
Lynas Corporation 's current situation:
Rare earth metals are a substitute of greenhouse gas emissions and avoid the bad consequences of global warming. They are used for hybrid cars, technological devices such as television or digital music. Rare earths consist only on physical and chemical properties which allow the protection of the environment through energy consumption reduction. These metals appear therefore as the perfect organic solution for reducing our energy consumption and preventing the world from global warning. However, to obtain a sufficient amount of the rare earth metals, they have to be used in a combined way to increase their concentration. This operation requires laboratory experts and creates waste. It releases an element called thorium that has radioactive characteristics. While Lynas Corporation
References: http://www.lynascorp.com/Pages/home.aspx http://www.themalaysianinsider.com/malaysia/article/lynas-waste-plans-unclear-says-australian-mining-expert http://www.nytimes.com/2011/03/09/business/energy-environment/09rare.html?pagewanted=&_r=0 http://www.mysinchew.com/node/79551 http://www.thestar.com.my/story.aspx?file=%2f2012%2f12%2f12%2fnation%2f20121212173104&sec=nation