Mining companies around the world are increasingly developing policies and changes in the business model to achieve an improvement of the relevant relationships and partnerships with local and regional groups and trade unions around the mine operations. It is not only the guarantee of stable, sustainable operations on the game ..
"Socio-economic mining" - Sounds interesting, but there is such a thing really? If so, what's behind it and why this issue should be of interest in the mining industry right now?
Global commodity and mining companies reported increasing resistance of local and regional population groups involved unions and local contractors, which would slow down the entire mining operations and business activities. This kind of difficulties have increased dramatically in recent years and are now one of the biggest stress factors and challenges for mining companies operating dar.
Particularly in South America and Africa more and more complications come to light, but also in other parts of the world are increasing conflicts with the natives and locals to determine. These affect not only the only foreign resource companies, even local mining companies such as the Chilean copper giant Codelco, or Brazilian mining giant Vale (WKN 897136) often face the same problems. As negative exemplars of massive scale, meanwhile, are among foreign companies including Barrick Gold's (WKN 870450) Pascua-Lama project on the border between Argentina and Chile and Newmont Mining's (WKN 853823) Conga project in Peru, which is even together with the local partner and the mine size Buenaventura (WKN 900844) was developed.
The causes of disputes with the locals and regionals parallels are evident worldwide. Almost always concerns in particular the lack of prospects for the locals to poorly secured and sustainable integrations, in their opinion, too little taxes the mining company, the real arrive even with local people, insensitive business practices, inadequate education and communication to low willingness to compromise, lack of respect, as well as significant concerns about the environmental consequences of the operations. This is especially the fear of long-term damage to the existential water supply in the center of the debates.
It is clear that he is no longer sufficient for the mining companies to sponsor just a few social projects on site - such as the expansion of a hospital or kindergarten - and otherwise to drive a radical change of course and mine operations at all costs and against all opposition advance. This approach is generally sufficient whiteness not only to provide more and more explosive and resistance in the future.
In the many years bull market during the last decade the mining companies have such themes yet often downplay or hide or handle skillfully. Well into the crisis it hits the involved commodity groups doubly hard. Also a dramatic long-term consequences of uncontrolled greed and hunger of growth, which were still on the agenda at leading major corporations until recently.
Even if it appears too late in many areas - the company must respond in every case. In the corporate philosophy not only changes in the focus of growth have (old, outdated) added profitability and shareholder value place (new, future), but rather also softer issues such as dealing with the locals and regionals are redefined and intensively addressed. And it is generally the improvement of the values for all stakeholders to target, because only so profitable mining operation can also be saved permanently.
Of course the time in the midst of crisis is very bad and many of the commodities companies are already so strong with his back to the wall, that they need to focus all their energy on other areas. Continue creating many companies just barely move operations to generate many positive cash flow, let alone make a profit. Thus, the financial margin, meanwhile, is also clearly limited.
Medium to long term, the Miners are but have no more choice, not amplified here and permanently be put. Certainly, any changes will require time and foresight to achieve and be without hardships barely. Finally, the fronts in many mining projects and operations are hardened on site, the atmosphere is tense, and the resulting damage in many areas large. Further, it requires much more time, as always, sustainable building new confidence.
Nevertheless, there are of course companies in the resources sector, who do their homework thoroughly (he) made and / or are on a good course, sufficient to satisfy the local and regional population groups and to seek a sustainable relationship with them, which is a win-win situation is created. Some resource companies now try also right from the start, a very different course to drive around the mining operations and / or have a new strategy and a different business model for developing.
Here is the theme, social-economic mining comes into play match ', which should solve most of the problems mentioned above with the mining companies or significantly improve the situation. One of commodities companies, which increasingly wants to call the new, highly promising business model into life and practice in the future, the Global Mining KG (GM) based in Offenbach.
The founders at Global Mining an excellent team of experienced, knowledgeable professionals and experts from the mining and financial sectors Placed together in order to implement the envisaged tasks and achieve goals. The GM project manager Dr.-Ing Axel Eckart can also look back a considerable track record in the mining business. For 35 years, active in the global mining industry, the learned geologist and mining expert in over 15 countries for the realization of more than 240 mines and mineral projects has contributed extensively. Mr. Eckart has a very strong network in the global mining industry, which is a great privilege for the project development of Global Mining. The CEO of Global Mining has broad expertise in the areas of investments, private placements, financial management, sales and controlling and has been successful for 28 years in the financial industry operates. The entire team of GM can be viewed here.
The Global Mining KG has specialized since its foundation in sustainable investments and services in the field of raw materials. It should come to bear on all initiated projects of social and economic approach of reason. This means for GM in the first place that the local population be involved much more than traditional commodity-focused companies in the mining projects and will ultimately benefit significantly on several levels.
Concretely, these measures are inter alia achieved by the following steps: Launch of a rehabilitation fund (financed by the sales of the commodity mining operations), immediate profit and revenue sharing for local partner companies, mining and mobilization of local labor, building and supporting local projects that the regional and local communities and based businesses are sustained good.
Special rehabilitation and support measures are for example the laying of drinking water, sewage and power lines, and the construction of village roads and access, which significantly improved the infrastructure both in terms of quality, as well as regarding the quantity. Schools and educational institutions receive grants in the form of teaching materials, computers and sports equipment. Global Mining is also committed to the goal of recruiting the workers in the mining pits from neighboring villages. But not only that, the derived labor should also be trained in and what they increasingly motivate and encourage.
In addition, Global Mining aims at the treatment works to set up jobs for women. Following the economic standard of living in the villages will greatly increase, just as in many of the mining nations and emerging developing countries take over the family financial planning to women. Next example is the occupational health care are coupled with the villages and a local fire-fighting and fire protection systems are founded, which also take on the tasks of mine rescue and firefighting. Another objective of the Global Mining KG is to make the remaining mining area after completion of mining so that a new area for the local population is created. This area is then free for the use of natural or agricultural land or to a residential area. Thus, from the ground up, remembered the days after the mining operations.
In the implementation of ambitious plans again especially help maintain good relations locally, as well as the local experts and politicians, who are firmly integrated into the project team of the Global Mining Company. Under the following link you can find out about the above rehabilitation and social programs for the local and regional population around the mine operations more:
Global Mining is currently focused on a promising gold-mining project in the resource-rich Tanzania. The mining industry in this relatively stable African nation is on a strong growth path. Experts see a sustained, long boom imminent, and multi-billion heavy, get foreign investment in the coming years.
Tanzania benefits in addition to the significant resource potential, which can finally show some African countries, especially from a relatively strong geopolitical framework. So there are both a modern mining law, as well as all important trade and economic agreements. Next are clear import and export regulations, there is a reliable assignment of responsibilities, authorities and the legal certainty of ownership of land, land claims and guarantees. Quite interesting is the way the existence of a German built Geological Service, which can of course German companies benefit most.
However, the carefully selected projects in Tanzania, the Global Mining have other privileges. The focus on small deposits Global Mining needed only a fraction of the usual capital expenditure to successfully record a mining operation. In times of tough cost inflation, explosions in the mining CAPEX and difficult conditions for financing measures currently a very important and in fact crucial advantage. So Global Mining expects already with a sum of $ 1.8 million for Tanzania gold project to be fully in production and thus represents a timely cash flow generation in prospect.
Furthermore, the company is targeting the exploitation of very high grade gold mines. The company has set itself the goal of promoting only from shallow pits with an average of 20 grams of gold per tonne. This results in a whole host of other benefits. Thus, for example, Global Mining is able to achieve a much higher productivity and much higher margins. This resulted from the high gold grades, as well as to the low depth of the operations that a very favorable stripping ratio (waste: ore) may designate. Thus, the projected direct production costs between 300-400 ¤ per ounce (about 390-525 USD), which is currently in a global comparison with the active gold producer expresses a good value. In addition, the small-scale operations can be easier and more efficient to manage, with Global Mining saving an additional cost and can reinvest the positive cash flow profit. For more detailed information including the opportunities for participation can be viewed on the Company's website:
Tanzania can boast a strong development of the mines and gold industry since the "opening" of the country. Many large corporations have invested billions in the discovery, development and operation of commodity and gold deposits. These include inter alia AngloGold Ashanti (WKN 932018), African Barrick Gold (WKN A1CTRD), Kinross Gold (WKN A0DM94) and Randgold Resources (WKN 725199). Numerous multi-million-ounce gold deposits have been discovered in recent years and developed aggressive. Experts continue to see a massive exploration and development potential, as well as huge, unterexplorierte and very promising areas. In addition to the majors to venture more and more smaller resource companies on the lucrative land.
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What gold producers have to make (iwS mining company) in 2013 + different, to regain confidence back and to convince the market and the shareholders?
Excerpt:
".. Improve relations with the local and regional populations in addition to mining operations in order to reduce project risks and to ensure sustainable operations. Improvement Programs are initial costs money and takes time, there's no question. However, is only a fraction of of the cost amount be for bidding for escalations and unplanned adjustment of mining operations. demonstrations and clashes with the locals are a big risk factor for the operations of the mining companies have become. Enough just not (any longer) from to sponsor a few social projects and otherwise a radical change of course to drive the producers must take seriously any dispute issues and concerns of the locals, the local populations should therefore much more be involved in the success of each operation, but also the locals must be convinced not only of the economic privileges -... herein are bsp. the water supply and ecology often very important issues. Just as all pull together. parallel can social responsibility be immensely improved. further must be a constant exchange with representatives of the locals in order to respond better and faster to the needs and armed topics.
Improving relationships and communication with the miners and the unions. At this point, there is also much need for improvement. The mining companies have in difficult regions where the situation and mood of the workers is heated and unstable and thus pose a threat to the operations - essential work on constructive solutions that incorporate defuse the situation real and sustainable. Again, the contentious issues need to be much more serious and the causes for explosive topics are better understood. This can bsp. be achieved with more respect and closer collaborations in which a controversial and constructive exchange. Leave the regional or geopolitical risks, no improvement or they are not controllable, then the mining companies need to communicate and possibly draw hard conclusions from the risk factors disclosed .. (he) "
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