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Gold's Tarnished Legacy

Sachin (Broschiert, Englisch)

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Beschreibung

The South African gold mining industry has historically been a major driver of the country’s economy as well as socio-political landscape (Smit, 2013). For over a century it has provided employment, investments, infrastructure, and taxes (Onn and Woodley, 2014; Schonfeld et al., 2014), and been responsible for the development of dozens of cities and towns across the country, most notable of which is Johannesburg (Naicker et al., 2003; Durand, 2012; Ojelede et al., 2012; Kneen et al., 2015). Gold was first discovered in the Witwatersrand Basin in 1886, a geographical feature that was once the largest gold resource in the world (Minerals Council South Africa, n.d.). This discovery transformed South Africa’s agricultural economy into a mining economy, and opened the country up for international trade (Durand, 2012; Rand Refinery, 2013). However, the gold mining industry is also responsible for a legacy of inequality, exploitation, damaged family structures, health impacts and environmental degradation (Lawrence and Samkin, 2005; Durand, 2012; de Villiers et al., 2014; International Human Rights Clinic (IHRC), 2016). Furthermore, it is important to note that apartheid is inextricably linked to the gold mining industry in particular (de Villiers et al., 2014; Benchmarks Foundation, 2017). The industry has left a legacy of ownerless and abandoned mines and tailing storage facilities that compromise the health and safety of nearby communities and eco-systems due to air, water and soil pollution including but not limited to acid mine drainage (Winde and van der Walt, 2004; Duruibe et al., 2007; Durand, 2012; Bobbins, 2015). Furthermore, the gold industry is in decline and global commodity markets are turbulent (Mudd, 2007; Hartnady, 2009; Chamber of Mines of South Africa, 2017). From 2004 to 2016, South Africa’s percentage of global gold production fell from 13.5% to 4.4% (Chamber of Mines of South Africa, 2017). Furthermore, the Witwatersrand reserves are nearly exhausted (Hartnady, 2009), and there are only an estimated 39 years of accessible gold reserves remaining (Statistics South Africa, 2018). It is thus clear that the South African gold industry is in a precarious situation, and is running out of time to create a sustainable legacy. Governments, civil society and, more recently, finance are putting increasing pressure on mining companies to account for their social and environmental impacts and to justify their continued existence, forcing mining companies into adopting sustainability agendas (Mudd, 2008; Higgins and Coffey, 2016). Many mining companies, particularly multi-nationals, are reporting on their sustainability performance in publicly available annual reports, commonly termed sustainability reports, using standardised frameworks developed under the auspices of various responsible business initiatives (Siew, 2015). Weniger zeigen

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Produktinformationen

Technische Daten

Erscheinungsdatum

13.05.2024

Sprache

Englisch

EAN

9783384226761

Herausgeber

tredition

Sonderedition

Nein

Autor

Sachin

Seitenanzahl

Einbandart

Broschiert

Einbandart Details

Klebebindung

Schlagwörter

History of gold as a monetary system, Evolution of gold's economic importance, The rise and fall of gold standards, Cultural significance of gold throughout history, Social and political influence of gold, Questioning the value of gold in the modern world, Environmental impact of gold mining and trade, Ethical considerations of the gold industry, Alternative investment strategies beyond gold, The future of gold in a changing global economy

Thema-Inhalt

KCF - Arbeits- / Einkommensökonomie KCY - Volkswirtschaft: Sachbuch KCL - Internationale Wirtschaft KCG - Wirtschaftswachstum KCM - Entwicklungsökonomie und Schwellenländer KCC - Mikroökonomie KCB - Makroökonomie KCD - Industrielle Organisation

Höhe

234 mm

Breite

15.5 cm

Warnhinweise und Sicherheitsinformationen

Informationen nach EU Data Act

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