Mining and Corporate Social Responsibility: Newmont Mining Corporation
(7 pages of text)
The case takes place in Peru in the aftermath of the worst mercury spill in history by a transportation contractor for Newmont Mining Corporation. Newmont's senior vice president and chief administrative officer is sent to Peru to assess the situation. The subsequent audit revealed that Newmont's mining operations in Peru met neither U.S. nor Peruvian mining standards. There were water issues, there were air issues, there were road issues, there were health issues - all arising out of the mining operation, the report concluded. The investigation also found that Newmont executives could be subject to criminal prosecution and imprisonment for the company's actions in Peru. More importantly, the company had violated its social license with local communities, putting in jeopardy its ability to conduct business in that country.
- To provide students with the opportunity to develop guidelines for making decisions in difficult situations that are ambiguous with regard to their outcome and that have ethical and legal implications.
- To discuss the concept of stakeholder valueTo discuss ethical and moral theories in the context of real life examples.
- To provide a contemporary example of a situation that demonstrates some of the challenges of globalization.
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