De beers Canada: The Attawapiskat Context
Stakeholders of De Beer
De Beers Canada has several stakeholders, including customers, investors, employees, suppliers, partners, and vendors, as well as the local community and government. De Beers Canada is owned by three shareholders: “Anglo American plc” owns eighty-five percent of the company, “the Government of the Republic of Botswana” owns fifteen percent. These are De Beers, Canada’s external stakeholders in the diamond mining firm.
De Beers Canada Stakeholder Demands & Interest
Customers of De Beer Canada purchase diamonds from the firm, and as a result, they are interested in how well De Beer Canada operates. De Beers Canada Company must attempt to relate to clients and satisfy their demands. Customers expect De Beers to deliver high-quality diamond goods and services in a timely manner.
Shareholders in De Beer Canada, such as “Anglo-American plc,” have made requests, including the opportunity to vote on decisions that impact the company’s future. This company’s equity is owned by “Anglo-American plc.” When a corporation produces money, shareholders are entitled to a portion of the earnings based on the quantity of stock they own.
De Beer Canada is part-owned by “Anglo-American plc.” The requirement of “Anglo-American plc” from this diamond mining firm is that they choose management to handle their diamond business and profit. Other owners like being engaged in the day-to-day operations of the company. Owners and management may have problems because of this.
De Beer Canada Stakeholder Responsibilities
- De Beers is a significant shareholder in the government because it controls the regulatory framework that dictates how businesses may function, which is vital to their long-term success.
- The government may also be considered a key investor in a De Beers Canada (diamond Mining Firm) since it collects “taxes” from the company “corporate income taxes”, along with from all the people it staff “payroll taxes”, and from other expenditures “sales taxes”.
- Governments are attracted to a successful corporate because they want companies to pay “corporate tax”. Create riches and jobs for the people. Provide goods and services to the public.
Stakeholders Perform their Role
The major responsibility of De Beer Firm stakeholders such as the government, consumers, and shareholders such as “Anglo-American plc” is to support a company in meeting its “strategic objectives” by providing their “expertise and viewpoint” for a project. They might also provide information and materials. Their involvement is critical to a project’s achievement; if they don’t like the consequences, the project may be considered a fruitless, even if all the plans were met.
It is up to the “project manager” of this diamond firm to keep the stakeholders pleased, such as the government and customers, by strategically regulating their requests, communicating clearly and quickly, and being aware of their expectations and project deadline. This type of leadership builds trust and confidence among project stakeholders while also validating their agreement or favorable attitude toward the project.
In order to improve the relationship, one of the central ways that state run administrations and industry propose to connect mining with local area advancement is through the exchange of “Impact Benefit Agreements or IBAs”. These agreements can help to improve the relationship between DeBeers and Attawapiskat. It helps the communities to gain their rights and supports for a certain projects. The marking of an IBA was distinguished as the key social alleviation measure for the Victor project in its ecological effect evaluation. Mining Watch was condemning of that evaluation because of the low quality and extent of the social-monetary benchmark and the absence of a participatory exploration technique for assortment of information.
The Tango Extension
The Tango Extension was arranged as a method for expanding the helpful existence of mining and handling at the Victor site. Since the Victor Mine was created, Ontario had changed its Mining Act, making conference with impacted Aboriginal people group required.
The Tango augmentation was intended to broaden the helpful mining life and vector site handling. The move ought to be made regarding Tango expansion was making counsel with impacted Aboriginal people group obligatory. With a $1 billion speculation and a prepared work force accessible, expenses to fire up and mine the close by Extension (6.5 kilometers from the Victor site) would be diminished. Moreover, DeBeers intended to do investigate penetrating and produce a mass example. Notwithstanding, local area opposition created setbacks and at last that plan was required to be postponed in February. Nearby First Nations people group, for example, Weenusk were partitioned, with some being careful about supporting the Tango Extension on account of what they saw at Attawapiskat…..
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