“India plans to suppose corporate social responsibility obligatory for mining companies in reaction to house over pollution and rebel violence. Santha Sheela Nair, the secretary at the mines council, said yesterday the draft Mines and Minerals (Development & Regulation) Act sought to adroitness the breakdown in trust between mining companies and communities. The formula, said Ms Nair, would enforce corporate responsibility programmes to provide employment and development. …
Mining companies operating in India should make their topical stakeholders also their shareholders to overcome hostility towards the industry, she uttered, but cautioned that negative perceptions of mining would have to subsist overcome. The draft legislation contains proposals to offer equity to communities whose debark is acquired for mining projects.
India is the fourth-largest iron ore producer in the world and has significant deposits of coal, bauxite and chromite. Local subtle companies include listed companies such as Sesa Goa, Sterlite, Tata and the Steel Authority of India. They besides number less internationally known iron ore miners such as Obulapuram Mining and Anantapur Mining, owned ~ means of the powerful Reddy political dynasty in Karnataka.”
Source: Financial Times, May 3 2010
Observations:
Conflicts with reference to the distribution of benefits from mining have fueled unrest caused ~ dint of. Maoist rebels and other minority groups in India.
A large regulate of the mines in India are run by relatively small subtle companies. Many of these companies do not have a strong in~d social responsibility (CSR) program.
Implications:
The Indian government will slowly impress on the mind social responsibility standards that are in line with the standards used through the established multinational companies. However, in some areas with strong pupilage groups, this will not be enough to satisfy the local populousness.
Similar problems can be observed in any mining area where groups of disadvantaged minorities claim ownership more than the land and resources (e.g. Australian aboriginals, Latin American aboriginal people, African tribal regions). Mining companies should put effort into specifically duel the development needs of these groups.
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