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Answered Same DaySep 15, 2021BUACC5934

Answer To: A case of tailing storage.pdf Resources Policy XXXXXXXXXX–128 Contents lists available at...

Sumit answered on Sep 24 2021
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Assignment Code: BUACC5934
Assignment Name: Financial Accounting ASSIGNMENT
1.
(a). Environmentally sustainable mining: The case of tailings storage facilities by Erica Schoenberger. The author in his article has examined and studied the major causes of the mine Tailing Storage Facilities (TSF) disaster. The author has examined and analyzed three disasters. The author in his article has
questioned whether the mining can be done in an environmentally friendly way that can reduce the impact of the mining operations on the livelihood of the local population. The author has further analyzed what factors are most important in the achieving the results of reducing the impact of the mining operations on the livelihood of the local population. The author has concluded that most of the efforts in the mining operations to reduce the adverse impact on the livelihood of the local population fails due the political factors. The author suggests that the government should bring in strict rules and laws regarding the method of storing and maintaining the Tailing Storage Facilities. The author has further gone to analyze that the mining companies should use the social scientific analysis of engineered projects to reduce the impact of the mining operations on the livelihood of the local population.
In my view, the view of the author that there should be strict laws regarding the Tailings Storage facilities is correct. But in my view making the law and ensuring that the companies are following the laws are two different things. Hence in addition to making laws the government should set up a proper inspection procedure so that the operations of the mining companies are regularly inspected to ensure that the tailings storage facilities are properly maintained by the company. Also, the advice of the author that the mining companies should use social scientific analysis of engineered projects to reduce the impact of the mining operations on the livelihood of the local population is also correct and this will help to reduce the probability of happening of a disaster in relation to the tailing’s storage facilities.
(b). An examination of the corporate social and environmental disclosures of BHP from 1983-1997 by Craig Deegan, Michaela Rankin and John Tobin. The authors in their article have analyzed the disclosure made by the BHP Limited regarding the environmental and social disclosures for the period staring from the year 1983 till the year 1997. BHP Limited is an Australian Listed company engaged in the process of extracting Iron Ore. The company is one of the largest Iron Ore producer in Australia and is one of the largest in the world. The authors have analyzed the disclosure made by the company deeply and found that the company made additional disclosures each year and whenever there was negative news in the market regarding the operations of the company, the company used to release additional information to counter the negative image of the company in the market.
In my view, the authors have simply analyzed the results obtained from the analysis of the annual report of the company staring from the year 1983 till the year 1997. The authors have only paid attention towards the trends in the disclosure made by the company and have failed to criticize the company about the limited information being published by the company and the fact that the management would publish additional information only when the society pressure forced them to do so.
(c). Using sustainability reporting to assess the environmental footprint of copper mining by S. Northey, N. Haque and G. Mudd. The authors in their article have collected and analyzed the sustainability reports published by copper producing mines, operations and companies. The authors in their article have analyzed the reports of the mines established in Australia, Chile, Peru, Argentina, Laos, Papua New Guinea, South Africa, Turkey, Finland, the USA and Canada. The authors have in their article calculated the range of energy intensity, the range of GHG Emissions and the reasons of variations in the different mines analyzed in the article. The author found that the reasons of...
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