Golden Opportunities at Ghana
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Transcript of Golden Opportunities at Ghana
8/8/2019 Golden Opportunities at Ghana
http://slidepdf.com/reader/full/golden-opportunities-at-ghana 1/17
GOLDEN OPPORTUNITY IN GHANA
A NEGOTIATION CASE STUDY AND ANALYSIS
PRESENTED BY-
GAURAV OBEROI 2K91A38JASWINDER SINGH 2K91IB50MEGHNA BOSE 2K91IB23SHILPI SALARIA 2K91IB50
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DISTRUST IN GOVERNMENT.DISTRUST IN MINING COMPANIES.REBELLIOUS RURAL AND LOCAL PEOPLE.
HISTORY OF CONFLICT
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GOLD MINING IN GHANA
GOLD EXTRACTION IN GHANA IS BOOMING
GALAMSEY AND PMMC
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The beginning of aµGOLDEN PARTNERSHIP¶
Newmont¶s mine sites - AHAFO and AKYEM
AIMS OF NEWMONT
Plans to operatewith governmentsupport whileexploringopportunitiesoutside
Fair legal andadministrativeframework
Improvinglives of thecommunitiesresiding inthe vicinity
Create valuefor stakeholders
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Concerns raised due to slow progress of AkyemThreat declared EPA after conducting environmental impactassessment.
International finance corporations restrictions.
NEWMONTS social responsibility efforts to build local people trust-M
anaging biodiversity by working with conservationinternational,Ghana
Acknowledging environmental issues and mercury management
Reforestration (3 nurseries of 50 acres)
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I U FAC WMO I AK M
Issues onethics andlegality of mining
Trust andrelationshipbuildingprocess willhamper
Projectfundingproblems
International financecorporationsopposingandwithdrawingsupport
Land rightsconflict andillegalmining posethreat totheirdevelopment
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Possible Strategy
Reframe the debate
Force EPA to answer which Environmentalharm is more imp to resolve
1. Widespread mercury pollution &Environment degradation from artisanalminers
OR2. Open pit mining that will be remediated in
Anjenjua Bepo reserve.
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What were the possible arguments that
Newmont could construct to counter EPA?Protection from Toxic mercury pollution
Illegal mining from Newmont s mining areas
Economic dullness of the region in case of Newmont s exit
Offer to collaborate with Govt agencies
Seek Compensation
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P roblems with Noyem ?
Delayed Start
Questions raised over commercial viability
Illegal M iningM ining accident
Negative publicity
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What were Noyem s possible
strategies ?
1. Sell the prospecting license
2. Keep it and sweep3. Engagement
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What was the way forward ?????
The negotiation of Noyem would involve 5 parties. Newmont.The Noyem Chief.The Mineral Chamber.The University Of Manchester.The Precious Minerals Marketing Corporation.
NEGOTIATION ANALYSIS
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INTEREST OF NOYEM GALAMESY:
Get legal land title.Curb exploitation by PMMC.
OPTIONS:
Agreement would give reliable credit and workableequipments.
Reduce mercury pollution.
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What is the bargaining power of bothNewmont and Noyem Galamsey?
F isher¶s bargaining power model.
Bargaining power on the basis of:Skill and Knowledge.Good relationship.Good BATNA.Legitimacy.Process of work.
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NEWM ONTGHANA GOLD
LIM ITED