Balancing environmental and industry sustainability: A case study of the US gold mining industry

摘要: Mandatory insurance requirements and/or mitigation fees (royalties) for mining companies may help reduce environmental risk exposure the federal government. Mining is examined since Environmental Protection Agency (EPA) Toxic Release Inventory reveals that this sector produces more hazardous waste than any other industrial sector. Although uncommon, expense can exceed hundreds of millions dollars per development. Of particular concern potential mines to become unfunded Superfund sites. Monte Carlo simulation used establish a plausible range liabilities associated with cyanide-leach gold mining. A model developed assess these costs and their impact on both budget corporate profitability (i.e., industry sustainability), particularly if such are borne by offending firms.