Stakeholders views. Broken Hill Proprietary Co. Ltd (BHP). BHP is an Australian-based global mineral resources company. A
Question:
Stakeholders’ views. Broken Hill Proprietary Co. Ltd (BHP). BHP is an Australian-based global mineral resources company. A tailings dam constructed at the Ok Tedi copper and gold mine in Papua New Guinea collapsed leading to over 700 million tonnes of tailings and waste rock being delivered directly into the Ok Tedi and Fly River systems over the past 15 years. Groups that relied on these rivers have lost their livelihood (e.g. fish stocks were destroyed). In 1994, these groups decided to bring an action against BHP in the Melbourne courts in Australia. An out-of-court settlement, so far costing over A$500 million dollars, was reached with BHP in 1996 (BHP 1997: 2). In 1999, the Chief Executive Officer of BHP commented that, with the benefit of a new report and hindsight,BHP should never have become involved with the mining venture.The World Wide Fund for Nature has called for the giant Ok Tedi mine in Papua New Guinea to be closed immediately (Australian 1999: 7).
a Identify the stakeholders involved in the Ok Tedi mining disaster.
b Consider whether each stakeholder group, including management, is concerned about efficient decision-making, accountability of the organisation or both.
Step by Step Answer:
Contemporary Environmental Accounting Issues Concepts And Practice
ISBN: 9781305534087
1st Edition
Authors: Stefan Schaltegger, Roger Burritt