Barrick's Tanzanian Project Tests Ethical Mining Policies

Barrick's Tanzanian Project Tests Ethical Mining Policies

Introduction

Barrick is committed to the environment, in community development and health and safety of its employees. That's why its environmental, social and financial support has been recognized in many instances and countries under the guarantee of indicators and independent agencies for global prestige. Therefore, before applying for any job in our company we invite you to learn more about our responsible mining and our projects.

Stake Holders

Employees and Their Families

Barrick give it's employess all the human rights that they deserve regarding their work. Employees and their families have great importance in the development of any company. Most employees assess the degree of perceived fairness in relation to their employers in different ways, but in general, they evaluate their contribution compared to what they get from their work. They seek to balance their contributions based on compensation (monetary or otherwise) received (Kagan, 2003).

Governments - Local, Regional, National

Barrick is directly linked with the government allowance for them to create innovation. Barrick cannot bring innovation until government allows them too. The role of government is indispensible when it comes to the implementation of the innovation and creativity in various fields. Government especially and specifically shows its immense interest in implementing the innovation and creative processes in the technology field. No technological advancement is possible without the support of government. Government has always supported the innovation and development of the technology. If we analyze the support of the government for technological advancements, it would be revealed to us that the government has always taken its interest in promoting technological advancements related to defense so that they can save the state from possible external threats.

However, the momentum of competition policy is particularly important in the current economic context: the scope for action of the fiscal policies of our governments have been exhausted and the process of consolidation of public finances is not only inevitable but must be undertaken with some speed to the situation of unrest in financial markets. It also happens that in times of crisis to defend the interests of pressure groups tend to be more pressing and trying to limit the impact of the liberalization measures with greater momentum (European , 2009).

Shareholders

Barrick is engaged with a large gold mining business hence have number of shareholders as their stakeholder. The shareholders are the owners of the shares. The shareholder holding securities represent a share capital of the company. These securities are dematerialized. The shareholder is the lender of last resort to the company, one who takes the ultimate risk of the company.

Shareholders may be individuals or legal entities, they can be individually or through mutual funds mutual funds which is managed by fund managers. The shareholders may delegate the management of their portfolio managers under a management contract. They enjoy the shareholders of rights attached to shares. These rights will be those defined for the various types of actions. A shareholder is generally attached to the ownership of securities, but the actions may be like all the prerogatives of property ...