6 Pages
1504 Words
Introduction To Operational Analysis of Baraka Copper Mine Amazonas State
The Baraka Copper Mine project in Venezuela's Amazonas State is the result of Garrard Mining's calculated attempt to capitalize on a significant copper ore deposit that was found close to the town of Baraka. In the face of possible open-pit or underground mining alternatives, the project must secure stakeholder approval and complete specified development milestones by the middle of December.
Pestle Analysis
| Political |
The political climate in Venezuela plays a vital role. The public authority's inclusion, shown by the 10% equity stake, reflects an expected impact on project decisions. Minister Ramon's reformist methodology encourages global investments, however, the political stability and government policies can influence the project's execution. Political defilement, as indicated by Gan Esperanza's previous questioning, could pose challenges. |
| Economic |
Economic factors incorporate the monetary stability of Venezuela, the effect of the worldwide copper market, and the monetary soundness of stakeholders like Sunrise Life and the International Development Corporation (IDC). Economic fluctuations can influence the interest for copper and impact the benefit of the Baraka project. The funding terms with IDC and Sunrise Life's concerns about share cost feature economic considerations. |
| Social |
Social factors encompass the indigenous populace, nearby communities, and NGOs like Amazon Activity. The settlement plot with indigenous individuals, rainforest preservation concerns, and Gan Esperanza's political impact highlights the social complexities. Carla Crespo's role in Amazon Activity indicates expected activism against environmental effects, emphasizing the requirement for responsible practices. |
| Technological |
Technological aspects include mining techniques and infrastructure development. The decision between open-pit and underground mining reflects technological considerations. Cooperation with XtractCo for construction highlights the role of technology in project execution. Advancements in environmentally cordial mining technologies may also be a focus, given the environmental concerns raised by stakeholders. |
| Environmental |
Environmental factors include the effect of mining on the rainforest, indigenous habitats, and the potential for contamination. The “shared value” policy emphasizes environmental responsibility. The presence of an uncommon blue parrot and the marshland for processing waste feature the requirement for environmentally sustainable practices. Valerie Vidal's association with Green Copper underscores the significance of environmental concerns in the mining industry (environmentclearance.nic.in, 2023). |
| Legal |
Legal factors incorporate consistency with environmental regulations, mining laws, and authoritative agreements. The Venezuelan government's equity stake and adherence to environmental standards, overseen by Lucia Martinez, demonstrate legal considerations. Complying with the laws and regulations in Venezuela and internationally is significant for project success. |
Table 1: Pestle Analysis
(Source: Self-created in MS Word)
Developing a strategic plan for simulation of BARAKA COPPER MINE AMAZONAS STATE
Baraka Copper Mine Amazon State is a famous mine project which will be held in the coming months. In the previous year the “Garrad Mining prospecting unit” started another project and discovered a big copper ore near Baraka. The entire team of the Baraka project was awarded by the Venezuelan government. Therefore, the project planners of Baraka Copper Mine wanted to develop some strategic planning for developing successful progress of this given project (frontiersin.org, 2022).
The project planners of Baraka Mine can take some strategic planning, which are as follows:
| Planning for Risk management |
In general, this type of mining project consists of risk association of sudden death, budgetary issues, extension of finish dates, etc. Therefore, Baraka can develop some risk management planning weekly basis. |
| Technology integrations |
The project planners can incorporate a variety of 3D technologies, Artificial intelligence, Drone technologies, etc. |
| Community engagemernts |
The Baraka Mine project can involve the local community of people by providing employment opportunities during the entire project duration. |
| Weekly, and monthly meetings |
The Baraka Mine project planner can arrange weekly, and monthly planning to increase communication planning among the project planners. |
| Cost management and budget analysis |
Cost management and budget management planning is the most important part which is a necessary factor for developing the structure of the mining project. |
| Budget management planning |
Budget planning is another vital part. Baraka Mine Project also have to develop the budget planning for the extension of the finished date of this mine project. |
| Infrastructure planning |
Baraka Mine Project can develop the infrastructure planning of water supply management, transportation management, raw material supply, etc. |
| Overall market analysis and community demand |
Baraka Mine Project can analyse the global markets to identify the demand and market trends in ore markets (mining.com, 2023). |
Table 2: Development of strategic planning of the Baraka Mine Project
(Source: Self-created in MS Word)
Time Line
Figure 1: Gantt Chart
![Gantt Chart]( "Gantt Chart")
(Source: Project Libre)
External environment impact on developing network Analysis and stakeholder management of BARAKA COPPER MINE AMAZONAS STATE
The external and internal stakeholders are both indirectly and directly associated with the “Baraka Copper Mine Project” is associate. The operations director, Zhao Liang, Finance Ministry Manuel Ramon, Mineworkers Union Ricardo Silva, and director Lucia Martinez are the key stakeholders of this given mine project.
Figure 2: Network Diagram
![Network Diagram]( "Network Diagram")
(Source: Project Libre)
The network analysis and stakeholder management of the Baraka Copper Mine project in Amazonas State are heavily impacted by the external environment. The dynamics of politics influence stakeholder relationships in Venezuela as well as elsewhere. The 10% equity investment held by the Venezuelan government and its partnership with the International Development Corporation (IDC) highlight the complex political dynamics involved. The state of the economy, in particular the state of the global copper market, influences investor mood and, in turn, influences stakeholder decisions. The 30% stock holding held by Sunrise Life draws attention to financial factors (myworkshop.prendo.com, 2023).
Social interaction with organizations such as Amazon Action and the Leon Gonzala-led indigenous community requires tact. Carla Crespo of Amazon Action organizes protests against a minor gold mining firm near Baraka that focuses on social responsibility. Stakeholder expectations are shaped legally by adherence to environmental standards, which are governed by organizations such as the Responsible Business Council and UK legal frameworks. Environmental awareness is raised by Valerie Vidal's Green Copper contract, which calls for the purchase of 35% of Baraka's output.
The successful traverse of political, economic, social, technological, legal, and environmental factors in this complex external context, the Baraka Copper Mine project needs to use comprehensive network analysis and stakeholder management. This ensures sustained project development and gain support, it will be essential to engage in collaborative interaction, adhere to ethical norms, and be flexible (globaldata.com, 2023).
Conclusion
The Venezuelan government has acquired three license plots and surrounding territories, with a 10% ownership participation, indicating a commitment to cooperation. Leading the charge as the Baraka Mine Manager, Chris Porrin's initiative is in line with Garrard's "shared value" approach, emphasizing advantages for local populations, investors, and the environment. Thus, extensive analysis of the mining plot has provided significant insights.
References
- Mining.com, (2023) Illegal Amazon miners are expanding into copper as prices surgeAvailable At: https://www.mining.com/web/illegal-amazon-miners-are-expanding-into-copper-as-prices-surge/[Accessed On: 13-11-2023]
- Environmentclearance.nic.in, (2023). Pre Feasibility Report of Copper Mining project of Ingaldal Copper Mines Ltd Available At:https://environmentclearance.nic.in/writereaddata/Online/TOR/22_Sep_2017_2017387206W6P4T48PFRNORTHBLOCKINGALDALCOPPERMINE.pdf [Accessed On: 13-11-2023]
- Frontiersin.org, (2022). Co-occurrence Interaction Networks of Extremophile Species Living in a Copper Mining Tailing. Available At:https://www.frontiersin.org/articles/10.3389/fmicb.2021.791127/full [Accessed On: 13-11-2023]
- Globaldata.com, (2023). Copper Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 Available At: https://www.globaldata.com/store/report/copper-mining-market-analysis/[Accessed On: 13-11-2023]
