Mining IQ

Most Controversial Mining Companies of 2011

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Posted: 09/25/2012

RepRisk has released its new report on the 10 Most Controversial Mining Companies of 2011, benchmarked against the United Nations Global Compact (UNGC) Principles and other international standards. This report highlights the consequences of environmental, social and governance risks on the companies’ reputations, access to capital and licenses to operate.

In order of ranking, the 10 Most Controversial Mining Companies of 2011 were:
1. Alpha Natural Resources
2. Newmont Mining Corp
3. Glencore International
4. BHP Billiton
5. Freeport-McMoRan Copper & Gold
6. Rio Tinto
7. Compania de Minas Buenaventura
7. Barrick Gold (equal ranking)
9. Anglo American
9 Vedanta Resources (equal ranking)
These mining giants and their global operations have come under fire for allegedly polluting potable water supplies, scarring landscapes and damaging sensitive ecosystems. There were also numerous allegations detected by RepRisk related to impacts on local communities and effects on the traditional way of life of indigenous peoples. Furthermore, these companies were accused of having poor occupational
health and safety standards, which resulted in toxic emissions and accidents that have caused injuries, fatalities or serious illness.

About RepRisk AG:
RepRisk is the leading provider of business intelligence on environmental, social and governance (ESG) risks. As such, RepRisk systematically collects and analyzes negative sentiment related to companies and projects worldwide. It does so on a daily basis and in 13 languages from thousands of public sources including international and local media, government sites, non-governmental organizations (NGOs), newsletters, social media and blogs.
The RepRisk database currently includes information on over 25,000 companies, 6,000 projects, 4,500 NGOs and 4,000 governmental bodies. These numbers are continuously growing as relevant ESG information is added.
The use of RepRisk business intelligence allows companies and financial institutions to proactively assess ESG issues that may present financial, reputational and compliance risks. For more information about the usage and benefits of RepRisk in relation to the effective management of ESG Risk, please visit our website: www.reprisk.com
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By:
Posted: 09/25/2012