200 Villagers Houses Burnt Down Again Near Barrick Gold Mine in Papua Essay - 1

200 Villagers Houses Burnt Down Again contiguous Barrick Gold Mine in Papua New Guinea - Essay ExampleMoreover, at that place have been describe injuries and oddments of small-scale miners close to the mine. Finally, it has also been alleged that the Porgera Joint Venture Mines security and associated submit police have meted extreme violence on the locals (MiningWatch Canada, 2014).It is expected that such concerns will lead to a drop in shargon value, especially due to obvious lack of transparency on the fiber of Porgera Company (MiningWatch Canada, 2014). In such a case, investors would be at risk of losing their money because of misrepresentation and stroke by Porgera to disclose critical information, such as their environmental compliance and agreements with local communities. On crystallise of making them an unattractive investment opportunity, it will also harm their reputation, especially in light of conflicts and death in the local community (MiningWatch Canada, 201 4). In addition, they could also be liable to huge fines if they are entrap guilty of environmental permit violations.These issues have raised various ethical concerns active the company, despite creating affable and economic benefits for the community via resource revenues and job creation. The company has obviously failed to sufficiently consult and engage the local community, while they have not given accurate information about the impact of their mining. In addition, there are environmental concerns about the safety of the mines, as well as lack of transparency about economic compensation and use of the locals land. As a result, Porgera has failed to consider the social, environmental, and economic impacts of their activities, which are all important aspects of ethical mining practices.As a competitor, such issues have been avoided, especially as the company is aware that the local community expects to generate substantial improvements in their living standards (Ali, 2013). T he company has desire to