An assessment of demand and supply of corporate social investments in the mining industry: A case of AngloGold Ashanti
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Date
2016-10
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KNUST
Abstract
ABSTRACT
The notion of corporate social Investment (CSI) has gained momentum as it is currently of
strategic importance for many companies. The aim of this study was therefore to enquire into the
demand and supply of corporate social investment in the mining industry, with special reference
to Anglogold Ashanti. The research design adopted was descriptive. The population for the study
comprised staff, management and communities affected by AGA operations. Using convenience
sampling technique, 77 staff of AngloGold Ashanti was selected. Also, by purposive sampling
technique, 120 community leaders were also selected for the study. The study found that more
often the regulator as stakeholder was more concerned about adherence of the mining firms
(AngloGold) to legal parameters. Employees on the other hand were more concerned about fair
procedures for employee assessment and reward, informational justice, appropriate staff benefits
and motivational packages, commitment to employee training and development programs,
improving fire safety measures and priority for employee security. For the larger community
especially those close to mining sites, their expectation about CSR include contributing to local
community infrastructure projects, support for poverty reduction initiatives, assisting in the
provision of safe water supply for communities, creating employment opportunities and
scholarship programmes for needy students. When it comes to AngloGold’s investment in social
infrastructural projects, the study found a consistent rise in budget allocations to developing
social infrastructure in mining communities. It is therefore recommended that mining firms
improve on their CSR practices and further pay more attention to sustainable business
operations
Description
A thesis submitted to the Department of Managerial Science, Kwame Nkrumah University of Science and Technology in partial fulfilment of requirements for the degree of Master of Business Administration (Management and Organizational Development