This is partly because mining companies have had their fingers burnt by high-profile environmental accidentssuch as the lead poisoning of the Australian town of Esperance or the discharge of over two billion tons of untreated mine waste, over nearly three decades, into the Ok Tedi river in Papua New Guinea.
Rapidly shrinking sea ice exposes new shipping routes through the Arctic Ocean that will save time and money for companies moving goods from Asia to Europe, while also providing new opportunities for tourism and fishing. It even has large diamond reserves.
Yet prominent members of the mining industry, familiar with the economic and reputational perils of impatient investment, remain cautious.
Arctic online Admiral Robert Papp, the newly appointed US Special Arctic mining consultants final for the Arctic, believes social media has completely changed how the US government interacts with remote communities in Alaska, increasing pressure for accountability by establishing a transparent two-way dialogue.
Modern communication has also pushed industry transparency and disclosure policies to the top of the agenda. Mining accidents have also killed or disabled workers.
As members, major mining companies commit to a set of principles designed to maintain sustainable development standards. With Arctic mining in its infancy, many non-Arctic states, including China and the UKare lining up to invest in future projects.
This arrangement is unique for large-scale industries; for example, the equivalent global oil and gas industry association for environmental and social issues IPIECA allows any company to join regardless of environmental performance.
Climate change coupled with the global decline of ore quality has already made life difficult for extractive industries, which find themselves having to operate in increasingly remote environments where they encounter heightened competition with local inhabitants for water and energy. But mining firms have already made many of the mistakes, and learnt many of the lessons, that lie ahead of the oil, gas and shipping industries.
On the back of such recognition, countries are making longer term economic commitments. Messenger Economic interests are set to play an increasingly important role in shaping development in the Arctic. As the Arctic opens up for business, mining has taken an important step towards a leadership position in private-sector environmental stewardship.
They can — and should — play a pivotal role in guiding responsible industrial activity in the region. In spite of these riches, mining companies, particularly the mega-multinationals such as BHP Billiton or Rio Tinto, remain cautious about the Arctic. China, for instance, has just agreed to purchase oil and gas from the Russian Arctic over the next decades, while at the same time having secured stakes in Russian oil platforms in the region.
For example, around miners are killed each year in the South American gold industry. Yet these companies can only avoid the Arctic for so long.
This bottom-up approach to whistleblowing has contributed to rapidly improved standards of accountability among extractive companies, suggested within the broader Global Reporting Initiative GRI and the more recent industry-specific Initiative for Responsible Mining Assurance IRMA.
Corporate development of the Arctic appears to be a foregone conclusion and this is reflected by the development of major transnational agreements. The Arctic is rich in oil, gas, and metals such as nickel, copper, gold, uranium, or tungsten. For example, with Arctic shipping projected to increase massively in the coming years, the UN Maritime Safety Committee MSC will adopt the Polar Codeinternational guidelines for the safety of ships operating in polar waters.Synopsis of the Situation.
Arctic Mining Consultants is a mining consulting company that does mining exploration. This particular case looks into how Arctic Mining Consultants’ crew did not effectively do their job in Eagle Lake, Alaska. ARCTIC MINING CONSULTANTS Case Synopsis Arctic Mining Consultants is a mining company that deals with mineral exploration.
In this case study, the project given is staking 15 claims in Eagle Lake, Alaska. Now 43, Parker is a. geological ﬁeld technician and ﬁeld co-ordinator with Arctic Mining Consultants. He has specialised knowledge and experience in all nontechnical aspects of mineral exploration, including claim staking, line cutting and grid installation, soil sampling, prospecting and trenching.
View Notes - Arctic Mining Case Study(2)-1 from GSBS at University of Newcastle. mcs_additional cases 1/5/06 PM Page [case.1] Arctic Mining Consultants By Steven L. McShane and Tim%(2). Arctic Mining Consultants Synopsis of the Situation Arctic Mining Consultants is a mining consulting company that does mining exploration.
This particular case looks into how Arctic Mining Consultants’ crew did not effectively do their job in Eagle Lake, mint-body.com Parker is a geological field technician and field coordinator for the company. To what extent should Canada protect its Arctic Sovereignty?
Canadian Arctic Sovereignty is currently a pressing issue has raised many questions about who.Download