Analysis Of Compania De Minas Buenaventura S.a Essay

a) a General Statement of commitment to H&S, signed by Head/Chair of Governors or indicating that it has been endorsed by the committee of the Governing Body which has responsibility for H&S;

We as business owners, management and or in a role of authority must set, address and comply with a solid foundation of ethics. “A code of conduct is the single most important element of your ethics and compliance program. It sets the tone and direction for the entire function. Often, the code is a standalone document, ideally only a few pages in length. It introduces the concept of ethics and compliance and provides an overview of what you mean when you talk about ethical business conduct.”

Policies are documents within the work place put together, influenced by law, by the manager. The policy will be designed around an area of practice that needs to be evidenced as being in line with law. The document gives a list of procedures for carrying out the task required,

A policy is a file or document that guides the service providers with principles on their how the

“A policy is a statement of guidelines or rules on a given topic. A procedure describes the steps used to perform a given task or project.” (1) Tennessee

at Las Cristinas, Venezuela. The investment will allow 20,000 metric tons of additional ore to be mined

Peru is rich with minerals, natural resources, and precious metals such as silver, gold, copper, timber, iron ore, coal, potash, phosphate, petroleum, and natural gas. Natural resources have created Peru's infrastructure jump in growth in recent years. Peru has been building roads that go through different types of terrain to include mountains, rainforest and urban areas. Peruvians have updated their railway systems that transport civilians to and from their jobs all throughout the country. Although Peru is wealthy; unfortunately the majority of this income from these natural resources does not make it to the miners and farmers that work long days in order to acquire the resources for global sale. Many of Peru's citizens still live in poverty

In knowing the market and their competition, PotashCorp has positioned itself for the exponential growth in world food demand by reinvesting in their own company. Competitors’ desires for a new greenfield mine project are a big gamble. It would cost more than $2.8 billion dollars plus infrastructure costs in a tight credit market and take five to seven years to build. By proceeding with multi-billion dollar expansions of their existing facilities, Mr. Brownlee demonstrates conceptual skills and the planning function, enabling his company to meet this growth in the most cost-effective and efficient manner possible.

On October 26, 2011, AuRico acquired Northgate Minerals and acquired a 100% ownership interest in Young-Davidson and on September 1, 2012, the Young-Davidson open pit mine declared commercial production. Finally, on October 31, 2013, Aurico announced that the Young-Davidson underground mine had achieved commercial

Policy and Procedures- give direction and explanation of how to carry out tasks and responsibilities.

This paper introduced Manuel G. Velasquez and his four ethical precepts in business. These four ethical standards are specifically discussed in Chapter 2 of his book, Business Ethics: Concepts and Cases. These four standards or principles are usually used as a guide for people to considerate in making business decisions, which are the utility, rights, the justice and the care. They are described and explained with examples respectively below to indicate basic principles that people should follow as a member of a group when working for a same goal.

Barrick Gold Corporation is the largest gold mining multinational company in the world, based in the Canadian city of Toronto .Barrick has several projects in different stages of exploration and development, counting more than 15 countries around the world among its projects.

Maintained policies and procedures for general operation of Compliance Program to prevent illegal, unethical or improper conduct.

To create a competitive advantage, a mine has to properly manage its exposure to gold price fluctuations. This is not an easy thing to do since there are so many factors to consider: when, how much, and how to hedge the gold production. Firms in this industry differentiate themselves based on the risk management strategies they implement. Furthermore, mines should also be able to minimize the cost of gold production along with making large sunk costs. Operating in

Global code of business conduct: It is what the group call it “The Way We Work” and which is considered the group’s conscience(Rio Tinto annual report, 2012).Actually, this code is another global approach to business by consolidatingthe principles, standards and polices to form a mandatory reference for the group’s global operational structure and external parties (consultants-agents-contractors-suppliers). Through whichthe group ensures that its core values (accountability-respect-teamwork&integrity) are expressed and maintained while managing the economic, social and environmental challenges of its