corporate social responsibility in mining and quarry companies in nigeria

Niger Delta region of Nigeria is a home to many multinational oil companies with different packages of corporate social responsibility (CSR) because of its huge natural resource reserve especially of oil and gas. The CSR packages are designed to address social, economic and environmental concerns of the indigenes of the Niger …

However, few empirical studies have analysed the effect of 'Corporate Social Responsibility' (CSR) of mining companies on conflicts in extraction areas. This study …

Corporate social responsibility and community relations in Nigeria: A case study of grand cereals limited Accepted 4 July, 2014 Dagwom Y. Dang*1, Chundung P. Dang2, and Mabur Z. Danladi3 1Department of Accounting, Plateau State Polytechnic, Barkin Ladi, Nigeria. 2Admin and Personnel Manager, Agricultural Services and Training

This paper contributes to the literature on the role of Corporate Social Responsibility (CSR) in oil extraction communities of developing countries. It specifically examines the impact of Global Memorandum of Understanding (GMoU) interventions of multinational oil companies (MOCs) on preventing a resurgence of violence in the …

More specifically, social responsibility in the mining sector would address transparency and accountability, social investments, stakeholder engagement, labour …

This study analyzes the factors that led two Canadian mining companies, Noranda and Placer Dome, to adopt polices on corporate social responsibility (CSR). Although much has been written on CSR in the business and organization fields, there has been little scholarly treatment of the topic from a social sciences perspective.

(2012) working on corporate social responsibility in the Delta region of Nigeria finds the need to have a new paradigm in how corporate social responsibility is being done. He suggests the ...

The NMC is a Federal Government Public Statutory Corporation established by Decree number 39, as contained in Gazette No 54, Vol. 59 of 1972, and amended by Decree 34 of 1976 (now NMC Act, Cap. 317, 1990). The NMC as provided by the Decree was to play a dominant role and to act as a catalyst in the development of the mining industry in …

Corporate Social Responsibility Practices in Nigerian Mining Industry: Host Communities' Perspectives - Author: Joseph K. Achua, David A. Utume This …

CSR as a concept is still relatively new in Nigeria and started as a response by multinationals to remedy the effects of the extraction activities on the local communities. …

1. Introduction. Over the last two decades, a growing number of mining companies operating in low- and middle-income countries have started to invest in 'Corporate Social Responsibility' (CSR) activities (Dashwood, 2012).For example, a recent study focusing on Peru finds that the amount of money mining companies …

1. Background. The mining sector has been considered as one of the biggest industrial sectors in the world, which grows in the faster pace with 12.41 percent of CAGR and in addition, the market share is expected to reach 2427.85 billion dollars by 2025 (Global Mining Market Report, 2021).Mining sectors are one of the powerhouse for …

The findings show that corporate social responsibility partially mediates the effect of both brand awareness and corporate reputation on customer loyalty. The results indicate that corporate social responsibility plays a vital role within the banking sector as it mediates the effect of brand awareness and corporate reputation on customer loyalty.

Corporate Social Responsibility Practices in Nigerian Mining Industry: Host Communities' Perspectives - Author: Joseph K. Achua, David A. Utume This chapter addresses the need to evaluate the outcomes of extractive companies in the mining industry's behaviours in terms of CSR expectations of the host communities as …

This study quantitatively investigated the corporate social responsibility programs of mining companies based on the perception of the host communities using survey questionnaires distributed to ...

Drawing empirical evidence from indigenous firms, this study explores the meaning and practice of CSR in Nigeria. It was found that indigenous firms perceive and practise CSR as corporate philanthropy aimed at addressing socio-economic development challenges in Nigeria.

The study concludes that corporate social responsibility of the quoted conglomerate companies in Nigeria has significant effect on their financial performance. The study thereby recommends that ...

Internationally and in South Africa, mining companies are increasingly referring to corporate social responsibility (CSR) and partnerships in terms of the business case, or the expectation that ...

JCB INDIA LIMITED. REVISED POLICY ON CORPORATE SOCIAL RESPONSIBILITY (CSR) – March 17, 2021. The Corporate Social Responsibility Policy (''CSR Policy'') of JCB India Limited ('the Company') has been formulated in accordance with and is subject to section 135 of the Companies Act 2013 and the rules made there …

5 Corporate Social Responsibility Examples. 1. Lego's Commitment to Sustainability. As one of the most reputable companies in the world, Lego aims to not only help children develop through creative play, but foster a healthy planet. Lego is the first, and only, toy company to be named a World Wildlife Fund Climate Savers Partner, marking …

Corporate Social Responsibility in Nigeria. August 11, 2019 by NF. The business dictionary defines corporate social responsibility as "a company's sense of responsibility towards the community and environment (both ecological and social) in which it operates…". This follows without saying that a company should have some form …

Corporate Social Responsibility Disclosure and Financial Performance of Listed Consumer Goods Companies in Nigeria Jun 17, 2023 SOCIO-ECONOMIC IMPACT OF QUARRYING IN KAGARKO LOCAL GOVERNMENT AREA ...

Against a backdrop of an intense scrutiny of mining companies' social and environmental responsibility behaviour, this study examines the social and environmental responsibility indicators disclosed by three ICMM corporate mining members in their social and environmental responsibility reports from 2006 to 2014, after the …

Abstract. The mining sector plays a fundamental role in the global economy since it provides vital raw materials and energy for a large number of industries but …

Corporate social responsibility. It was evident from the survey that the quarrying companies are rigorously pursuing their corporate social responsibilities in the various communities as a form of compensation for the negative effects of their activities on the various facets of the society as indicated in Table 3. The provision of these ...

In recent years, concerns about the sustainability and social responsibility (CSR) of businesses have become an increasingly high profile issue in many countries and industries, none more so than the mining industry. For mining, one outcome of the CSR agenda is the increasing need for individual companies to justify their existence and …

Abstract. Corporate Social Responsibility (CSR) initiatives in Nigeria originated from the practices of Multinational companies (MNCs) operations in the extraction sectors of the Nigerian economy ...

Nigeria has revoked 1 633 mining titles for non-payment of statutory annual service fees, its minister of mines said on Tuesday. The affected titles, which are part of a total 2 213 pencilled for ...

Abstract This chapter addresses the need to evaluate the outcomes of extractive companies in the mining industry's behaviours in terms of CSR expectations …

Mining CSR, in the words of miningfacts, a Canadian website, refers to "voluntary actions undertaken by mining companies to either improve the living conditions (economic, social and environmental) of local communities or to reduce the negative effects of mining projects. By definition, voluntary actions are those that go beyond legal ...

The population of the study comprised 682 accounting staff of quarry companies in the southwest of Nigeria. The sample size was 480 determined through a purposive sampling technique.

This study investigated the effect of CSR activities on the profitability of oil firms listed in Nigeria by ascertaining how community development costs (CDC) and employee benefits are associated ...

Greenfield Metals Limited is a Nigerian mining company that is well positioned for the mining of metallic minerals namely, zinc and lead ore. 11. Rocklord Ventures Limited. Address: 2 Aina Street, Ojodu Berger, Lagos …

Manner of Execution of such projects/programmes: The Company will undertake the following CSR projects/ programmes through The Lady Bamford Foundation (Registered as a section 8 Company under the Companies Act 2013) and other implementing agency(ies), as mentioned in sub-rule 1 of Rule 4 Companies (Corporate Social …

Abstract. Corporate Social Responsibility (CSR) initiatives in Nigeria originated from the practices of Multinational companies (MNCs) operations in the extraction sectors of the Nigerian economy, especially in the oil sector. Their operations in communities resulted in CSR breaches such as oil spillages, gas flaring, militancy/community ...

As of 2011, total corporate social responsibility expenditure was $24 million (Standing & Hilson, 2013). The majority of gold mining firms are engaged in some level of corporate social responsibility, which Sadik (2013) attributed to an attempt to mitigate Ghanaians' negative perceptions of the mining industry.

This study examines the relationship between corporate social responsibility and financial performance of quoted companies in Nigeria. There is a crying need for an in-depth study into the quality ...