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There is some risk that in undertaking CSR a dependency on the company will develop Whether intentional or unintentional this can have serious consequences for the dependant community particularly after the mine closes Using a case study of two multinational mining companies operating in the Western Region of Ghana West Africa this paper aims to examine the community development
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For any industry to be successful it is to identify the Hazards to assess the associated risks and to bring the risks to tolerable level Mining activity because of the very nature of the operation complexity of the systems procedures and methods always involves some amount of hazards Hazard identification and risk analysis is carried for
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On the other hand of the spectrum negative aspects of mining are present These factors include environmental degradation displacement of communities and possible exploitation of workers Puts Community At Risk Large scale mining can fully exhaust a site s natural resources Miners often have to use equipment to dig deep into the soil
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Many mining regions are identical with struggling economies characterised with poverty and unemployment Power 2024 On a macroeconomic level a large and increasing body of literature forms a connection between development of one sector of a predominantly resource based economy and the decrease of previous rates of economic growth for domestic economies in developing nations
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During 2024 2024 the nonfatal lost time injury rate for mining is injuries per 100 FTE in coal mining and in metal/nonmetal mining This contrasts to a rate of 2024 rate for all industry The higher rate in coal mining leads us to place greater emphasis on research for injury reduction in this Mining sector
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Overall the top risks for this year s survey were generally consistent with the previous year including commodity prices permitting capital access and issues involving community relations and the social license to operate
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Customer Retention in the form of pattern identification and prediction of likely defections is possible by Data mining Risk Assessment and Fraud area also use the data mining concept for identifying inappropriate or unusual behavior etc Education For analyzing the education sector data mining uses Educational Data Mining EDM method This
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In some countries mining is responsible for significant amounts of water use as well as water waste Environmentally potential negative effects of mining can include air land/soil and water pollution of different kinds Mining produces potentially hazardous/toxic tailing waste and can leach toxic chemicals heavy metals and air pollutants
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The mining sector underpins a solid outlook After a slowdown in activity associated with the fallout from the COVID 19 pandemic the mining sector bolstered growth in 2024 and is expected to remain the main contributor to the acceleration inactivity in 2024 Net exports will support growth thanks to cobalt and copper about 85% of merchandise
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hacktivists—Pose a severe risk to the sector and sabotage—Risk is low but could evolve in the future Safety remains a focus area for mining management This is reflected in it being recognised as a significant risk for most mining companies and the continuous detailed reporting provided by the companies
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2 • Mitigating Off Strategy Risk Mining Industry Risk Challenges and Solutions INTRODUCTION 2024 was a tumultuous year for the global mining community Mining Risk Review 2024 Addressing uncertainty Willis Towers 6 Sep 2024 The last 12 months have proved to be a difficult and challenging time both for the mining industry and for those of us involved in the insurance Hazards in
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Mining is a dangerous profession The traditional occupational hazards such as coal dust inhalation damage to hearing due to the noise in a mine and chemical hazards still stand but the changing nature of mining has led to a raft of new issues As mines are getting deeper the risk of collapse has greatly increased
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The hierarchy of risk control also known as the hierarchy of hazard control is a system or framework used to minimise mitigate and eliminate exposure to hazards The hierarchy is typically referenced and implemented in industrial workplace like manufacturing construction oil and gas mining etc where incident rates are typically higher
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Mine workers are exposed to a variety of potential health risks that fall under this broad category While musculoskeletal damage can occur due to a trip fall or heavy lift the more serious ones occur slowly over time This could be due to ongoing heavy lifting or repetitive strains says Clark
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The recent accidents and subsequent investigations in the offshore oil industry makes it clear that at least some players in this industry are not using basic and appropriate safety engineering technologies and practices Commercial aviation is an example of an industry that decided early that safety paid After World War II Boeing wanted to
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This is distinct from systematic risk the dangers inherent to the market as a whole The most common examples of unsystematic risk are the risks that are specific to an individual firm Examples
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Jan 29 2024· This risk will only rise in severity The mining sector is a mature component of the global economy As social preferences change and new technologies become available the status quo of the mining sector becomes irrelevant The future of coal becomes increasingly uncertain as natural gas took a significant portion of coal s use
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Leading companies in the mining industry understand the benefits of developing strong stakeholder engagement strategies Whether it s a requirement for generating greater financial returns a need to manage risks related to potential conflict in relationships a duty to consult or as part of a framework for developing a good public reputation mining processes can affect a wide variety of
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Positive Effects of Mining Economic Growth Mining is a vital driver role of economic growth in numerous countries Locally it provides much needed jobs and investment capital At the top level it can drive and define national growth Some nations depend solely on extracting natural resources like many found in the Middle East Oil has built
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Given the many inherent challenges of maintenance in the mining industry safety should always remain a priority with every worker manager and owner After all mine operators have the primary responsibility under the Mine Act to prevent the existence of unsafe and unhealthy working Selecting the right products is one way to help reduce some of the risks and support efforts
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• Tailings pond management Mount Polley and other dam failures have sharpened mining sector focus on improving tailings management through safety reviews and emergency management
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The Mining Legislative Review Committee to align the majority of its work with the major hazards identified in the sector level risk assessment exercise The Ministry of Labour Training and Skills Development to require that mining employers to address the priority hazards identified in the risk ranking exercise
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A latest government study has found that mining activities in the coal rich Tamnar area of Chhattisgarh have put the local population mainly tribal people at an increased risk of acute respiratory diseases and tuberculosis The study reveals that in the case of tuberculosis the disease burden rate in Tamnar is nearly double the national rate
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The main legislation in the DRC dealing with the mining industry is the Mining Code adopted in 2024 and amended by Law No 18/001 dated 9 March 2024 and the ancillary Mining Regulation adopted
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Sep 3 2021The bacteria could be responsible for up to 10% of background natural carbon absorbed by the ocean annually Scientists do not know if disturbing the microbes through mining would alter the
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Mining executives said that some of the risk may be tempered as those seeking the boldest changes came up against political opposition and were forced to water down their plans Diego Hernandez head of Chile s mining industry group Sonami said the opposition led mining royalties bill would likely get amended in the upper house before being given the green light
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However not all of the applications are economic right now The mining industry will likely need to invest in further research and development in the areas of mine waste reuse to make some of the methods workable at scale 3 Eco Friendly Equipment Mining companies wanting to reduce their environmental impact can switch to more eco friendly
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Given stronger commodity prices and a positive outlook on the sector we have seen a return of risks like rising costs and fraud and labor constraints Mining and metals companies are flagging that higher input costs are impacting their bottom lines
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The mining sector has succumbed to periods of devasting economic conditions before but the Covid 19 pandemic is different This risk is different in the sense that it is not only a health social and economic disruptor but also it impacts the world economic activity simultaneously The lockdowns and economic shutdowns to curb the spread of the virus has caused disruptions in the global
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The forthcoming report Mapping Mining to the Sustainable Development Goals An Atlas helps mining companies navigate where their activities from exploration through operations and
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