Suchergebnisse

The objective of the paper was to evaluate and propose a method for the valuation of the purchase of minority interest in the squeeze-out of large mining companies in the Czech Republic. The research was conducted on a case of a specific company. An analysis of the relevant industry, potential, and financial analysis were performed. Based on these analyses, the method of DCF Equity (Discounted Cash Flow) was selected as a suitable method that can best capture and consider the specifics of the company assessed since, within this method, cash flows are discounted to the owners. The resulting fair value of the transaction reflects the stock market value to determine adequate cash settlement in squeeze-out. It sufficiently compensates the damage caused to the minority shareholder while accepting the price by the majority shareholder, who is willing to pay up to the amount corresponding to the benefits the transaction brings to them. In accordance with the IVS, the selected method is suitable for squeeze-out transactions, where legislators have the information on the values of the majority shareholder´s benefit and knows the value the minority shareholder is willing to accept in squeeze-out.

Purpose
The purpose of this study is to examine the degree, contents and trend development of Global Reporting Initiative (GRI) performance indicators disclosed in sustainability reports of large mining companies in Ghana.


Design/methodology/approach
Content analysis methods are used to analyse 50 sustainability reports of ten large-scale mining companies in Ghana, covering the period 2008-2012.


Findings
The study finds that there has been a widening and increasing trend in the disclosure of performance indicators in sustainability reports of the large mining companies in Ghana, in accordance with GRI guidelines. The findings suggest that good progress in the strategic sector has been made in the voluntary adoption of the GRI guidelines to increase transparency, credibility and comparability in sustainability reporting. The findings also indicate areas to be improved.


Practical implications
The Government of Ghana and the Ghana Chamber of Mines could learn from the findings about the current status of this matter in order for them to formulate policies and regulations which would encourage the mining sector in moving forward in the adoption of international reporting standards.


Originality/value
This paper initializes investigation into the degree, contents and trends of performance indicators in sustainability reports of large mining companies in Ghana using content analysis.

The rupture of the Brumadinho mining tailings dam in Brazil is considered one of the largest mining disasters in the world, resulting in 244 deaths and 26 missing people, in addition to the environmental consequences. The present study aims to evaluate the concentrations of multiple elements and the biological effects on water and sediments of the Paraopeba River after the Brumadinho Dam rupture. The tailings are formed by fine particulate material with large amounts of Fe, Al, Mn, Ti, rare earth metals and toxic metals. In the water, the levels of Fe, Al, Mn, Zn, Cu, Pb, Cd and U were higher than those allowed by Brazilian legislation. In the sediments, Cr, Ni, Cu and Cd levels were higher than the established sediment quality guidelines (TEL-NOAA). The differences in metal concentrations in the water and sediments between the upstream and downstream sides of the dam illustrate the effect of the tailings in the Paraopeba River. Toxicological tests demonstrated that the water and sediments were toxic to different trophic levels, from algae to microcrustaceans and fish. The fish exposed to water and sediments containing mine ore also accumulated metals in muscle tissue. This evaluation emphasizes the necessity of long-term monitoring in the affected area.

Intro -- Preface -- Acknowledgments -- Contents -- About the Authors -- 1 Introduction: Managing Large-Scale Mining Operations -- 1.1 Introduction -- 1.2 Mining Origin -- 1.2.1 Relevance of Mining -- 1.3 Mining Definitions and Processes -- 1.3.1 Open-Pit and Underground Mining -- 1.3.2 Life of Mines in LSOPM -- 1.3.3 Feasibility of a Mining Property -- 1.3.4 Block Modeling in LSOPM -- 1.3.5 LSOPM Processes -- 1.3.6 Mineral Processing -- 1.3.7 Understanding Ore Deposits and Optimizing Mine Design for Production -- 1.4 Conclusion -- 1.5 Summary -- Appendix: Additional Information About Metals and Minerals -- References -- 2 Integrated and Advanced Information Systems in LSOPM Operations -- 2.1 Introduction -- 2.2 IT for Knowledge Management and Business Intelligence -- 2.2.1 Current Technologies Used in Organizations -- 2.3 Interrelationship of IT and Productivity Improvements in LSOPM Operations -- 2.4 Interrelationship of IT and Decision-Making in LSOPM Operations -- 2.5 Current and Future Application Areas for IT in LSOPM Operations -- 2.5.1 Current Information Technologies -- 2.5.2 Types of Technologies Required in LSOPM Operations -- 2.5.3 Future Application Areas for LSOPM Operations -- 2.6 Conclusion -- 2.7 Summary -- Appendix: Additional Information on Information Technologies in LSOPM Operations -- References -- 3 Organizational Efficiencies and LSOPM Business -- 3.1 Introduction -- 3.2 Organizational Efficiencies -- 3.2.1 Organizational Productivity -- 3.2.2 Organizational Costs -- 3.2.3 Employee Efficiency -- 3.2.4 Process Efficiency -- 3.2.5 Performance Efficiency -- 3.2.6 Time Efficiency -- 3.3 Organizational Efficiencies in Mining -- 3.3.1 Productivity in Mining Operations -- 3.3.2 Costs in Mining Operations -- 3.3.3 Other Organizational Efficiencies in Mining -- 3.4 Equipment in Mining.

Abstract
Economies that derive substantial government revenues from natural resources face the unique challenge of implementing fiscal regimes that deliver a fair share of rents without discouraging private investment in extractive sectors. However, designing progressive and non-distortionary fiscal tools requires an evaluation of the current fiscal regime and the extent to which it captures the resource rent – the surplus return above the value of capital, labor, and opportunity costs incurred to exploit the resource. To evaluate the efficiency of the Philippines' fiscal regime, we compare the resource rent to government revenues from mining activity. Then, we estimate the effective tax rates under the current fiscal regime and other combinations of fiscal tools. First, we look at aggregated tax payments of all large-scale mining companies over a ten-year period and compare them with the estimated resource rent. Second, we model the different tax regimes using firm-level data from a nickel mine. We propose a fiscal regime for the mining sector in the Philippines that is least distortionary while appropriate given the country's regulatory context and administrative capacity.

GLOCON's new Country Report looks at the impact of industrial mining in Burkina Faso on the local rural population and presents the view of residents close to six industrial mines. Surveys in the affected villages show that - in contrast to the promises of mining companies and the government - the opening of the mines has not improved the living conditions. On the contrary, respondents report the loss of their livelihoods and damage to their health, as well as experienced disrespect by the mine operators. Those affected protest in various ways and demand compensation payments, the creation of jobs and income generating opportunities, as well as investment in local infrastructure. This report is available in English and French. ; Der neue Country Report von GLOCON beschäftigt sich mit den Auswirkungen des industriellen Bergbaus in Burkina Faso auf die lokale Bevölkerung und stellt den Blick von Anwohner*innen von sechs industriellen Minen vor. Befragungen in den betroffenen Dörfern zeigen, dass sich - entgegen der Versprechungen von Unternehmen und der Regierung - die Lebensbedingungen durch die Eröffnung der Minen nicht verbessert haben. Im Gegenteil: Die Befragten berichten vom Verlust ihrer Existenzgrundlagen und gesundheitlichen Schäden sowie von Respektlosigkeit, die sie seitens der Minenbetreiber erfahren. Die Betroffenen protestieren auf vielfältige Weise und fordern Entschädigung durch Kompensationszahlungen, die Schaffung von Arbeitsplätzen und Einkommensmöglichkeiten sowie Investitionen in die lokale Infrastruktur. Es gibt Versionen auf Englisch und Französisch.

GLOCON's new Country Report looks at the impact of industrial mining in Burkina Faso on the local rural population and presents the view of residents close to six industrial mines. Surveys in the affected villages show that – in contrast to the promises of mining companies and the government – the opening of the mines has not improved the living conditions. On the contrary, respondents report the loss of their livelihoods and damage to their health, as well as experienced disrespect by the mine operators. Those affected protest in various ways and demand compensation payments, the creation of jobs and income generating opportunities, as well as investment in local infrastructure. This report is available in English and French. ; Der neue Country Report von GLOCON beschäftigt sich mit den Auswirkungen des industriellen Bergbaus in Burkina Faso auf die lokale Bevölkerung und stellt den Blick von Anwohner*innen von sechs industriellen Minen vor. Befragungen in den betroffenen Dörfern zeigen, dass sich – entgegen der Versprechungen von Unternehmen und der Regierung – die Lebensbedingungen durch die Eröffnung der Minen nicht verbessert haben. Im Gegenteil: Die Befragten berichten vom Verlust ihrer Existenzgrundlagen und gesundheitlichen Schäden sowie von Respektlosigkeit, die sie seitens der Minenbetreiber erfahren. Die Betroffenen protestieren auf vielfältige Weise und fordern Entschädigung durch Kompensationszahlungen, die Schaffung von Arbeitsplätzen und Einkommensmöglichkeiten sowie Investitionen in die lokale Infrastruktur. Es gibt Versionen auf Englisch und Französisch.