Essays on Barrick Gold Corporation Assignment

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The paper "Barrick Gold Corporation" is a perfect example of a business assignment. Stakeholder’ s concern is an imperative aspect for any business; hence a company should conform to the stakeholder’ s requirements. Whereas a corporation’ s objective is to generate profits, it is entitled to observe its moral obligations for the community. As such, Barrick has showcased such attributes, where it insists on maintaining its businesses at the expense of the people. Despite Barrick’ s aim of augmenting profits and maintaining a business, it has blindfolded the community members by initiating projects that appear to support the community.

For instance, in the Pascua Lama project, Barrick created a pediatric ward in Argentina where children in the Husco valley were provided with school buses to facilitate transport services. Barrick has furthered to pay for the creation of a book on the history of the Diaguita indigenous tribe. Tentatively, it has initiated water systems improvement; showcasing its support for the cultured Diaguita tribe. Tentatively, Campisi (2008), states that the Pascua Lama Project promised job opportunities to the local communities from both sides: Argentina and Chile.

On the other hand, Barrick in its Environmental impact report (EIR) revealed its support of maintaining the glaciers as a primary source of water. Barrick has undertaken its operations contrary to its commitment by infringing the core obligation of corporate social responsibility; that is a consensus with the community. In Tanzania, for example, Barrick’ s security shot at local area residents who explored the mining site seeking gold remnants. In Barrick’ s Papua New Guinea mining site, their workers allegedly raped women in the area. In a letter to the Barrick Gold 2010 annual general meeting presented by residents of the Huasco Valley in Chile, it claims that the Pascua-Lama project had seized the people’ s ancestral land by denying them access, corrupted their culture; where the project has led to the destruction of flora and fauna.

Studnicki-Gizbert is quoted as saying that the Pascua Lama project is a performance but not a consultation (Solyom, 2012).

Reference

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