Barrick Gold and the Mine at the Top of the World

Barrick Gold and the Mine at the Top of the World mental institution The purpose of this case analysis is to identify the main communion riddle that the worlds largest gold mining company, Barrick Gold, is facing in the midst of their major Pascua-Lama developmental project. The following paper discusses the causes of the communication paradox and resulting symptoms, along with the key stakeholders that ar affected and their concerning issue. Fin eachy, this paper allow for provide a solution employ all the steps of the communication model on how Barrick Gold apprise deal with all the key stakeholder groups.Main Body Barrick Golds main communication problem has been formed by Barrick saying one thing, then doing something else this inevitably caused a insufficiency of trust between its stakeholders and the company. The problem has created hidden agendas and guarded communication, thereby slowing decision making and productivity. For example, genus Argentina passed a law that protected their glaciers and permafrost, which looked as if it might prevent the Argentinian part of the project from expiry forward. (Barrick Gold case, pp. 11).The cause of the problem stems from Barrick Gold non keeping their reassure. They proposed to canalize the most affected glaciers farther away from the mining site, but did not live up to that promise. The symptoms of the problem include the farmers unhappiness with the company and the city manager for supporting the mining project. Another symptom is the fact that the Argentinian discipline legislatures passed the law protecting the glaciers. This desperate move shows that Argentina has a lack of trust that the company will follow through on their promise to deal with the melting glaciers.The 5 main stakeholders include the chilly and Argentina governments, the local anaesthetic farmers, residents of the valley, and the shargonholders of Barrick Gold. Each of these stakeholders have separate issues they are conc erned with. The Chile government is concerned with waste the mine is dumping into the river that runs through the Huasco valley of Chile, specifically cyanide. The Argentina governments concern is based on the fact that the royalties they fetch from the mine are ? of the totalGDP of their poor San Juan province once the mining is correct this will regress back to zero and devastate the economy. The local farmers are concerned with the explosions that cause dust to settle on the glaciers and accelerate its melting the effects are devastating to the whole surrounding ecosystem. The residents of the valley plow the same concern as the Argentinian government, that once the mining ceases their income will revert to zero. Finally, the shareholders of Barrick Gold are concerned with the predilection of huge adversary and lack of productivity that ensued because of it.In dealing with the afore mentioned stakeholder groups, Barrick Gold can use all the steps of the communication model, including sender, encode, channel, receiver, and feedback. First off, the Chilean government Barrick Gold (sender) call for to think of a method that allows cyanide to be removed from the river (encode), and this musical theme needs to be presented face-to-face (channel) to the Chilean government (receiver) once the idea is received, Barrick Gold needs to allow for feedback (positive or negative) from this stakeholder.Secondly, the local farmers Barrick Gold (sender) is trusty for devising a plan for decelerating the melting of the glaciers (encode) and portraying this plan, either in a proposal or in a meeting (channel), to the local farmers (receiver) the farmers need to provide their response of how the government is doing (feedback). ConclusionIn conclusion, Barrick Gold has a communication problem that could potentially destroy its whole project. How the company deals with its stakeholders is very measurable to its future success in Chile and Argentina. To mend the problem it is of the companys outmatch interest to follow the communication model and make all attempts to accelerate the damage already done by not keeping their promise.