Business Ethics - Rosia Montana: Political and Social Risk Management in the Land of Dracula
What might opponents have done to raise the profile of their concerns and slow or stop the mine's redevelopment?
A group of politicians and non-governmental organizations were trying to block the redevelopment of the gold mine at Rosia Montana. At first, these seemed to be the only opponent groups fighting against the revival of this project, nevertheless new associations and recently formed group of citizens began to protest because of the negative impact and threats that this project represented.
Gabriel Resources’ initial offer seemed to be attractive in terms of job creation (2000 additional jobs), industry development (gold production)
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They could’ve demanded to abolish the tax shield provided as to provide some funding to recuperate the region. This way, the project seemed less profitable. Moreover they should’ve demanded a minimum number of firms to participate in the process (normal procedure in any public tender) and evaluate under a strictly public scrutiny.
ENVIRONMENTAL CONCERNS -The opponents could argue the environmental impact associated to cyanide and water contamination and therefore fight against the mine’s redevelopment. The resulting gravel had to be agitated with a mixture of water and cyanide; however cyanide tainted wastewater would contaminate the adjacent valley. Moreover cyanide release in the air would also entail serious health risk. Life expectancy was already lower than average, few restriction where put on how foreigners could invest, therefore enabling an unlimited scope and flexibility as to “legally” carry out their operations. Past history evidenced the failure of a dam and how it brutally contaminated the water supply and threatened the ecosystem. They argued they were going to recuperate the area but no clause was there are to assure its implementation. A down payment should’ve been done by the
Secondly, I find that this project lacked oversight of a strong panel / board / committee to check the progress along with expenditures vs. budget. This was public money that was budgeted for a project and yet, there was no clear division between the payer and the decider as Rubin explains in “The Politics of Public Budgets”. As she states there are two critical characteristics of public
Shaw, W.H. (2014). Business ethics: A Textbook with cases, (8th ed.). Boston, MA : Cengage.
As many things in life, ethics has evolved through the history of our society. As anyone who has ever has read the news can attest, there are certain behaviors and tradition typical in societies around the world that may seem unethical and, sometimes, inhuman when seen through our ethical point of view. However, we often forget that many of those behaviors and tradition were, not only accepted, but expected in our society at one time. As our society changes over time, our moral code and compass shifts changing our outlook and tolerance for certain behaviors. And, as in other aspects of our society, the way we conduct business is no different.
The title of this case study alone insinuates that perhaps this mine disaster could have been prevented. Martin opens his case study with very descriptive and gruesome details about the events that lead up to the explosion. Martin states: “One hundred and eleven men were killed in that
Some argue that, economically, the mining operation will be a net gain in money for the working class and that 75 to 80 percent of the jobs in northern Minnesota will be local [1]. However, for the project to fully go through, it requires “$200 million to $400 million in financial protections, and would overall be a financial liability for taxpayers” [2]. So despite how many jobs the project will create, it could result in a net loss of money for the people living in that area. Another problem that PolyMet thinks they have solved is the mass amount of pollution that will surface during the mining process. They say they will “use the most advanced mining procedures to extract the materials and prevent pollution during the mines 20 year life” [3]. Not only is this solution incredibly vague in its description, but many argue that “the pollution will be a problem long after the mine plays out and PolyMet is gone. The latest studies shows a possibility that the mine’s wastewater could flow north to the Boundary Waters Canoe Area Wilderness” [3]. The argument that advanced procedures would be used against pollution falls short of satisfactory when their description is so ill-defined.
The dusty conditions of the mine and blasting procedures were contrary to the State mining law and to the Federal Mine Safety Code under which the mine was being operated by the Coal Mines Administration (Ankeny, Gallagher, Malesky, Perez, & Smith, 2012).
The mining has become a controversial topic due to the mass publicity regarding the potential danger of nuclear power and uranium mining, not to mention the objections by some Indigenous groups. The controversy is significant
M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity
Business ethics and values have developed through time and crosswise over orders into a field, which is a standout amongst the most vital subjects in the field of business. For the authentic improvement of business morals, it is vital, to begin with, a meaning of business ethics and values in a worldwide setting (Savage, 2005). The study characterize business ethics and values from an administrative viewpoint as choices about what is correct or wrong (worthy or unsuitable) in the authoritative setting of arranging and actualizing business exercises in a worldwide business condition to profit (Child, 2015). The development
This mine would expose us to many dangerous metals and minerals that, if not handled correctly could contaminate the water we drink, the food we eat, and the air we breathe. The minerals that could be found in the formation are mercury, asbestos, arsenates, sulfates, silicate dusts, and many other poisonous or potentially poisonous minerals.
Alaska should not allow the Pebble Partnership to build the Pebble Creek mine in Southwest Alaska. The benefits of the mine are nothing compared to what would happen to the environment if the mine were to be built. First off, the people in this region make their living off of the salmon who live in the rivers. If the mine were to be built, those rivers would become polluted and all of the salmon would die, meaning that everyone there would have to find a new way to survive. Not only would the rivers and water sources be polluted, but the environment in general. The mine would generate about ten billion tons of waste. This would then go onto pollute the air, kill many of the plants, and harm the animals in the region. While the Pebble Partnership
One of the many reasons why I believe that the mine should be relocated is because of the toxins that the mine would create. The toxins will penetrate through the ground and into the ground water, which will flow into the rivers and into Bristol Bay where the salmon
They have tried to resolve the issue over the years by digging up the resident’s yards and replacing it with uncontaminated soil. Instead, they put clay which doesn’t absorb water, which caused other issues. The damage has been done, no one was held responsible. The responsibility of the clean-up should have been put on the mining companies and at the cost of the mining companies. They forcibly came into the land, abused the land and the people in the area, then left. It will take decades for the land to ever recover from the damage they caused for a
Ethics are very important in the business world and to the general public. Ethics is defined as a system of moral principles or the rules of conduct recognized in respect to a particular class of human actions or a particular group. Using a moral compass should be a requirement for every CEO and executive. Any person who will have some impact on society needs to understand the difference between right and wrong. Since businesses touch such a large segment of our society, codes of ethics must be established and followed to protect the general public. In the following pages we will discuss the 1989 Exxon Valdez oil spill disaster and examine how it relates to (1) the state of business ethics since 2000, (2) examples of the classic
Pike River Mine tragedy took place on the 19th November, 2010 and resulted in deaths of 29 workers. Many factors led to this tragedy especially poor decisions made by PRCM and Department Of Labour. In this Report, many aspects of the tragedy will be discussed.