Mining Sub-sector Research Articles

Exploring the Differences in Safety Climate Among Mining Sectors.

Currently, the US mining industry is encouraged, but not required to adopt a formal health and safety management system. Previous research has shown that the adoption of such systems has been more difficult in some subsectors of the mining industry than others. Given the interdependencies between management systems and safety climate in addition to their predictive utility of incidents, it is important to assess differences in the perceptions of safety climate among mining subsectors in the USA. If significant differences exist, then mining subsectors may not necessarily be able to adopt a one-size approach to system implementation. To that end, the National Institute for Occupational Safety and Health assessed mineworkers' perceptions of several individual and organizational safety climate constructs. Participants consisted of 2945 mineworkers at coal, industrial mineral, and stone/sand/gravel mine sites throughout 18 states. Linear regressions were used to answer the research question. The results suggest that coal miners, in comparison to those miners in industrial mineral and stone/sand/gravel sectors, had significantly less favorable perceptions on each of the organizational climate constructs measured (i.e., organizational support, supervisor support and communication, coworker communication, engagement/involvement, and training) (p < 0.001 in all cases). Importantly, these results parse out organizational indicators to show that perceptions are not only lower in one area of organizational or supervisor support. Rather, engagement, training, and communication practices were all significantly lower among coal miners, prompting considerations for these significant differences and actions that can be taken to improve system practices.

Leadership Style, Intellectual Capital and Corporate Social Responsibility on Performance, a Comparison Model of Listed Companies in Indonesia

Objective – This paper aims to examine the influence of Leadership Style, Intellectual Capital, and Corporate Social Responsibility on Performance in companies in the sub-sectors of Mining, Pharmacy and Consumption and Household, Basic Industry, Chemical and Infrastructure, Utility and Telecommunication listed on Indonesia Stock Exchange (IDX) 2012-2018. Methodology/Technique – In this research, leadership style is measured transformationally and transactionally. Meanwhile, Intellectual Capital is measured using VAICTM. Furthermore, Corporate Social Responsibility is measured using GRI G4, and Financial Performance is proxied by ROA, ROE, and sales growth. The method used is a saturated sample. The sample in this research was 50 companies in the Basic and Chemical Industry sub-sector, 28 companies in the infrastructure, utilities, and telecommunications sub-sectors, 38 mining sub-sector companies, and 17 companies in the consumer goods sub-sector listed on the Indonesia Stock Exchange (IDX). This research used secondary data taken from financial and annual reports and primary data obtained through questionnaires for leadership style. The analysis method used is simple regression analysis. Findings &amp; Novelty –The results show that the influence of leadership style, intellectual capital, and corporate social responsibility in the four sectors varies with a positive or negative relationship direction. Intellectual capital has a positive significant influence on ROA, ROE and SG in four sectors. Previous research has focused on only one sector. This study compares the influence of leadership style, intellectual capital, and corporate social responsibility in four sectors Type of Paper: Empirical. JEL Classification: M41, M49. Keywords: Comparison; Leadership Style; Intellectual Capital; CSR; Performance Reference to this paper should be made as follows: Gantino, R; Ruswanti, E; Rachman, T. 2020. Leadership Style, Intellectual Capital and Corporate Social Responsibility on Performance, a Comparison Model of Listed Companies in Indonesia., Acc. Fin. Review, 5 (3): 110 – 120. https://doi.org/10.35609/afr.2020.5.3(3)

Examining Subsector Based Inequalities in Health, Safety and Environmental Conditions of Gold Miners in Ghana

Background: Ghana’s small scale mining subsector employs more, usually indigenous people, than the industrial large scale subsector. Despite the potential contributions of small scale mining, there exist wide disparaging variations in health, safety and environmental (HSE) conditions compared to their industrial large scale counterparts. The disparity in the HSE conditions of industrial large scale and small scale gold miners was assessed to (a) determine how these differences in the subsector systematically vary with socio-demographic and contextual characteristics of miners in Ghana and (b) establish if these differences are as a result of discrimination in the sector or due to differences in the productivity characteristics of the miners Methods: Four counterfactual decomposition methods were fitted to a cross-sectional survey data of 512 gold miners (207 industrial large scale, 305 small scale) to disaggregate the dissimilarities in mean scores of HSE conditions of industrial large scale and small scale gold miners in Ghana Results: Goldminers’ educational level, ability to self-protect at work, experiencing work related health problems and HSE conditions largely depended on the associated subsector of the goldminer. Discrimination accounted for the larger proportion of the dissimilarities in HSE conditions of the goldminers although work department (productivity characteristic) contributed marginally to the inequality. Conclusion: Subsector based discrimination is the main driver of the dissimilarities in HSE conditions between industrial large scale and small scale gold miners in Ghana. These differences could also arise from the effects of some productive features or subsector heterogeneities. To fill these gaps, relevant small scale specific HSE regulations should be developed and enforced in addition to a comprehensive and inclusive formalization of the subsector.

PENGARUH DEBT TO EQUITY RATIO (DER) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM (STUDI KASUS PADA PERUSAHAAN SUB SEKTOR PERTAMBANGAN BATUBARA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE TAHUN 2014 – 2019)

The development of the coal mining subsector companies have decreased, especially in stock prices. The companies performance is the main point for investors to invest in the middle of a less good level influenced by various factors, including due to debt and profit. Financial statements are a proof of the companies performance. Searching for these factors is done by analyzing financial ratios related to debt and profits. The purpose of this research is analyze whether DER and EPS have a partial and simultaneous effect on stock prices. The population are all coal mining subsector companies listed on the Indonesia Stock Exchange (BEI) in the period 2014-2019 with a sample of 10 companies. This research is quantitative with purposive sampling technique. The data used are financial statements published by the Indonesia Stock Exchange (BEI) and then processed using SPSS for Windows 25. The results of the research get that partially DER has no effect on stock prices while EPS has an effect on stock prices. Simultaneously the DER and EPS have effects together on stock prices. Based on the results of DER and EPS with regression models, the variables have a strong influence on stock prices with determination were 37%. The biggest influence was contributed is EPS by 31% and then DER by 6%.&#x0D;

Coronavirus (COVID-19) Pandemic, Economic Consequences and Strategies for Ameliorting Macroeconomic Shocks in Nigeria’s Economy

This study provides multi-disciplinary assessment of the coronavirus pandemic transmission in Nigeria, magnitude of COVID-19 confirmed cases, recovery, deaths, and inventory of infected person with recovery lags. It applied the statistical outcomes in predicting spilling over to subsequent periods. It identifies economic sectors worst hit by COVID-19 triggered recession, simulate the estimates of potential fiscal and other macroeconomic impact of the pandemic in the country in short run alongside synthesis of restoration and sustainability strategies. Secondary data relating to coronavirus infection cases, spreads, recoveries and fatalities were assessed, using the susceptible-infected-recovered” (SIR) model in absence of mass testing and probable cessation from health crisis management. It identified economic sectors/activities being devastated by COVID-19 induced recession, provides interim estimates adverse impact based on economic peak and down-turn cycle method. The study also measured the magnitude of macroeconomic shocks in Nigeria’s economy using a standard global computable general equilibrium model and exploration of sustainability strategies based on synthesis of extant reports were employed. These data-sets were obtained from the Nigerian sources and partly from global sources. Furthermore, it utilized trend analysis derived from on empirical data of extant daily confirmed cases, discharges and hospitalized person together with tentative projection of additional confirmed cases as from July–September, 2020. Results revealed that confirmed cases in Nigeria will increase steadily from 25694 (in June) to around 74825 by the end September and expected to reach 121000 by end of year 2020. This suggests that the pandemic is likely to persist up to the second quarter of 2021. Education, transport (aviation), hospitality, tourism and sports businesses; trade (informal sector) in the services sector; petroleum exploration in mining sub-sector are most severely contracting activities industries in the economy. Given the prevailing intensity of recession, the result indicates that a reduction of about 5-to-7% in GDP will be recorded in 2020. Result of variance analysis of fiscal budget estimates indicates adverse increase of -2% in overall fiscal deficit balances during the periods, which may aggravate debt burden with decline of about -5.7 percent and up to -7 percent in nominal GDP. Health, education, agriculture, petroleum exploration; petroleum refining and petrochemical industries, manufacturing (particularly pharmaceuticals), energy and power generation should be given priority in the sustainability programme.

THE EFFECT OF OWNERSHIP AND FINANCIAL PERFORMANCE ON FIRM VALUE OF OIL AND GAS MINING COMPANIES IN INDONESIA

This study aims to analyze the effect of institutional ownership, operating leverage, liquidity on firm value with company performance as an intervening in oil and gas mining companies listed in Indonesia Stock Exchange (IDX) between 2014-2018. A total of 10 companies classified in on the Indonesia Stock Exchange in the oil and natural gas mining sub-sector were used as sample, making the number of assessments to be 50 observations within a span of 5 years of 2014-2018. Data analysis using Partial least squares/PLS analysis with Structural Equation Modeling/SEM analysis model. The results of the study revealed that institutional ownership, operating leverage and liquidity have a positive influence on firm value. The mediating test by using the Sobel test showed that the firm's performance is able to mediate the effect of institutional ownership, operating leverage, liquidity on the the value of oil and gas companies in IndonesiaKeywords: energy companies, institutional ownership, operating leverage, liquidity, firm value, firm performanceJEL Classifications: L25, Q43DOI: https://doi.org/10.32479/ijeep.9567

ANALISIS PENGARUH LEVERAGE DAN LIKUIDITAS TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY PADA PERUSAHAAN MANUFAKTUR SUB-SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016 - 2018

Liquidity and Leverage Influencers on Corporate Social Responsibility aims to examine the effect of whether Liquidity and Leverage affect corporate responsibility in the mining sub-sector manufacturing companies listed on the Indonesia Stock Exchange (BEI) for the period of 2016 – 2018. The method used in this study is the multiple regression method to determine the effect of the variables related in the study. The results of the study revealed a simultaneous F test that was calculated value F = 15,112. a value of 15,112&gt; 3.47 thus Ho is rejected and H3 is accepted, meaning that there is an effect between Liquidity (X1) and leverage (X2) simultaneously on the Corporate Social Responsibility of companies listed on the Indonesia Stock Exchange in 2016-2018 (Y).

The Effect of Quantity and Quality Sustainability Disclosure Towards Innate and Discretionary Earnings Quality

Examining the effect of quantity and quality of sustainability disclosure on innate and discretionary earnings quality is the purpose of this research. the GRI G4 index was used to measure The sustainability disclosure quantity, while the report form, the adherence level and external statements was used to measure the quality of sustainability disclosure. A modified Jones Model uses to measure Innate and discretionary earnings quality as the dependent variable. Return on assets, leverage, net operating assets, and operating cycle were used as control variables. The research sample consisted of 10 main sector companies, namely the agriculture and mining sub-sectors, which are listed in the Indonesia Stock Exchange in 2014-2018. purposive sampling method was used in this research. The technique of analysis in this research is multiple linear regression analysis. As results, innate earnings quality was significantly influenced by sustainability disclosure quantity while discretionary earnings quality was not significantly influenced by sustainability disclosure quantity. Moreover, both innate earnings quality and discretionary earnings quality was significanty influenced by the quality of sustainability disclosure.

The Effect Of Liquidity, Profitability, Capital Structure Of Corporate Values In Mining Sector In Indonesia

This research aimed to analyze the effect of liquidity, profitability, capital structure to the company's value in the mining sector companies listed on the Indonesia Stock Exchange in 2010 until 2014. The population of this research is mining coal mining sub-sector, sub-sector of crude petroleum and natural gas production, sub-sector of metal and mineral mining, and sub-sectors land / stone quarrying. Samples were taken by using purposive sampling method so acquired 7 companies which qualify as samples. This study uses analysis tools Partial Least Square (PLS). PLS is one of the statistical methods SEM-based variant that serves to determine the effect of exogenous variables consisting of proxies current ratio, quick ratio, ROA, ROE on capital structure and corporate value. The results of this study indicate that there is an influence on the variables of liquidity, profitability of the capital structure. And there is an influence on the profitability of the company's value. While the liquidity variables to the value of the company does not have a significant effect. Liquidity and profitability through capital structure to the value of the company does not have a significant effect.

Analisis Kinerja Keuangan dengan Metode Economic Value-Added pada Studi Kasus Perusahaan Subsektor Pertambangan Minyak dan Gas Bumi yang Terdaftar di Indeks Saham Syariah Indonesia (ISSI)

&lt;em&gt;Oil and gas are non-renewable natural resources, whick means they can be exhausted within a certain periode of time, if no new reserves of oil and natural gas resources are found. Energy, especially oil and gas, is very limited amount, but the world’s needs for oil and gas are currently increasing, so making investments in the oil and gas mining subsector will be an attractive choice for investors. World demand of oil and gas increases, while the limited its availability in each country has caused fluctuations in its exports and imports. They face a difficult assessment of the company performance in this subsector. Therefore, we need an analysis of the financial performance in oil and gas mining subsector companies as a tool to assess how the performance of the in this area. Economic value-added (EVA) method is one of the right measurement tools to assess the performance of companies in the mining sector. The aim of this study is to determine the financial performance of companies by using the EVA (economic value-added) method in the oil and gas subsector companies listed on the ISSI (Indonesian Sharia Stock Index) in period 2013-2017. The calculation of EVA value of a company is preceded by determining the value of Net Operating Profit After Tax (NOPAT), Weighted Average Cost of Capital (WACC), capital charges (CC), and invested capital (IC) from data that has been collected in the secondary sources. Four companies in oil and gas mining subsector listed on the Indonesia Sharia Stock Index (ISSI) were analyzed in this research. The results showed that two companies have positive EVA, while rest of two companies have positive and negatif EVA in certain years. A positive EVA means that there is an economic added-value to the company.&lt;/em&gt;

Analysis of Short Term Financial Performance: A Case Study of an Energy Service Provider

Objective – This study aims to analyze the short-term financial performance of an energy service company, and compared to companies in the oil and gas mining sub-sector. The results of this study indicate the profit and loss, asset management, and profitability of the company in the last 5 years. Design/methodology – The method used is descriptive method and quantitative method. The period of analysis of financial statement data is 2013-2017. This study uses (1) trend analysis to see a comprehensive picture of the company (2) financial ratio analysis to see company performance (3) comparative analysis comparing company financial statements with similar industries (4) SWOT analysis to determine strengths, weaknesses, opportunities, and threats and strategies needed by the company. Results – The Cost of Goods per Sales ratio tends to decrease, so sales decline. The company's EBIT trends are relatively smaller than the industry average. This reflects that the sampled company has not maximized the company's EBIT. The company has tried to maximize gross profit and with good asset management will have an impact on increasing profitability in the future.

Financial Performance and Firm Value Lesson from Mining Sub-sector Companies on the Indonesia Stock Exchange

This study aims to provide an overview of investor behavior on the current condition of the capital market in Indonesia and want to examine signal information about financial performance and prove directly the relation to firm value. This research was conducted on the issuer of mining sub-sector companies that has been listed in Indonesia Stock Exchange from 2015 to 2018. Using purposive sampling this research get 100 data observed. The data obtained were analyzed using multiple linear regression with PLS SEM statistical tools. We found that capital structure and profitability affect the firm value, but not for asset growth. Thus, it can be concluded that if two of three hypotheses accepted, can be interpreted that the signal information of financial performance from sample still hold interesting by an investor in the Indonesian Capital Market.

Education in the values of a social and solidarity-based economy for improving the conditions and the capabilities of women miners in Colombia

The -SSE- tries to build complex relations of production, consumption, distribution and financing based on justice, cooperation, reciprocity and mutual help, In this study an ESS educational model for the development of Artisanal and Small Scale Mining (ASSM) that incorporates women in Colombia is proposed. The ASSM is the mining subsector where the situation of women is more precarious. a subsistence economy and are in serious situations of inequality. Promoting and educating for a social and solidarity ASSM with a strong gender focus could break down obstacles, stereotypes and build more equitable gender relations. An intersectional and differential approach complements the necessary analysis to address this problem and proposes local built models, that are flexible, participatory and liberating, where the economic, cultural and social causes of women´s labour are tackled with&#x0D; .&#x0D; &#x0D; Keywords: Social economy, Solidarity economy, education in values, women mining;

UKURAN PERUSAHAAN, PROFITABILITAS DAN NILAI PERUSAHAAN: STUDI EMPIRIK: PERUSAHAAN SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011 SAMPAI DENGAN 2015)

Purpose – This study is to provide information or description of the effect of firm size on the value of the company-mediated profitability in mining sub-sector companies listing on the Indonesia Stock Exchange period 2011-2015 Design/methodology/approach – The sample selection in this study using nonprobability sampling, and obtained as many as 24 companies from the total population of 40 companies. Data analysis methods used are descriptive statistics, classical assumption test, and Path Analysis, and Sobel Test. Findings – The size of the company has a positive and significant impact on stock prices, firm size has no effect on profitability, profitability has a positive and significant impact on corporate value. While profitability is not able to mediate the relation of firm size to firm value Research limitation/implications – This research is only the mining sub-sector, while the problem on the value of the company occurs also in other sub-sectors. Then, the proxy used is only one for each of the observed variables. The period of 5 years is from 2011 to 2015, so the data taken there is less likely to reflect the condition of the company in the long run. Originality/value – Located on a research model that includes profitability as an intervening variable in the research model Keywords C orporate Value, Firm Size, Profitability

Noise-induced hearing loss: what South African mineworkers know

Purpose. The current study aimed to investigate the knowledge of mineworkers regarding noise-induced hearing loss in the South African gold and non-ferrous mining subsectors. Method. A descriptive research design was adopted. Semi-structured interviews were conducted with 90 participants who comprised managers, supervisors and miners. Data were analysed qualitatively. Results. The majority of participants (97%) acknowledged working in a noisy environment and demonstrated knowledge of the consequences of this exposure on their hearing function. Although all but one participant indicated having known the importance of using hearing protection devices (HPDs), less than 50% reported consistent use of HPDs. This highlights gaps in education and training, as well as implementation monitoring. All participants reported knowledge regarding the importance of hearing monitoring, but a lack of understanding of their test results. Conclusions. Current findings contribute towards evidence regarding internal barriers to effective application of best practice in hearing conservation programmes (HCPs). Findings highlight the important role of occupational audiologists in South African mines and the need for individualized education during medical surveillance to enhance efficacy of HCPs. Comprehensive education and training programmes regarding noise exposure and exposure measurements with consistent HPD efficiency assessments are recommendations emanating from these findings.

CSR Disclosure, Customer Loyalty, and Firm Values (Study at Mining Company Listed in Indonesia Stock Exchange)

This study aimed to examine the association of Corporate Social Responsibility (CSR) disclosure and the firm valueson customer loyalty as a mediating variable. The samples of this study weresourced from the mining companies listed on the Indonesia Stock Exchange of 2008-2014. The secondary data used was obtained from the annual reports accessed through idx.co.id, and the sales reports based on the mining's sub-sectors accessed through bi.go.id. The variables of CSR disclosure were measured by usingscoresof weighting the item categories of CSR disclosure, namely: special items, core items, and additional items. Meanwhile, customer loyalty was measured by using market share, and the firm values were measured by Tobin's Q. The results proved that customer loyalty was the intervening influence of CSR disclosure and the firm values. This was the first study thatapplied different weighting to the category of disclosure items to calculate the scores of CSR disclosure through a statistical testing. Further research, then,can use the survey or focus group discussion (FGD) to determine the weighting method.

Kinerja Portofolio Saham pada Perusahaan Makanan, Property dan Pertambangan di Bursa Efek Indonesia

The Stock Portfolios' Performance of Food, Property, and Mining Industry This research aimed to analyze the Portfolio's performance of food industry, property, and mining. There are three parameters, namely: Sharpe Performance, Traynor Performance, and Jensen Performance. The three performance measurements assume that there is a linear connection between the return portfolios with the return of some market index. During the period, 2009 to 2013, and the mining and gas sub-sector are more productive than the other sub-sectors. The mining sector is better than the Property Sector and the Food Sector. Then based on the method of Jensen ALPHA it showed the highest performance group of mining stocks, in proportion to the risk which is also very high. The study suggests that the existing has to be maintained and further improved so that the mission to develop sources of potential energy into a profitable investment portfolio can sustain. DOI: 10.15408/ess.v7i2.5354

Natural resources extraction and politics in Guyana

The current debate on natural resources extraction in the post-neoliberal era in Latin America and the Caribbean focuses on the “new” extractivism as a development model or as an imperialist framework. The state is ascribed a “developmentalist” role or the function to facilitate the exploitation of natural resources by extractive capital from imperial states. The Guyana case adds a new dimension to this debate: in the early 2000s the state degenerated into a “criminalized authoritarian state” the first of its kind in the English-speaking Caribbean. This state coincided with the emergence of the gold mining sector as the dominant segment of the Guyana-economy. The small-scale gold mining sub-sector came to control gold mining, as the only large-scale gold mine the Canadian-owned Omai Gold Mines Ltd., ceased operation. The conditions were created for the state to exercise greater leverage over the small-scale gold mining sector through its laws and incentives programs, further opening the door to corruption and criminal activity. A critical development approach is employed to investigate the relationship between natural resources extraction and politics as the state degenerated into a criminal enterprise. The purpose is to begin the discussion on this anomalous aspect of the state in the post-neoliberal period.

Market Reaction Analysis as a Result of Events Readings Complete Recordings in the Trial Court Honor Council Related PT Freeport Indonesia and the Chairman of the House of Representatives (Studies in Indonesia Stock Exchange)

Extraordinary phenomenon occurred in Indonesia related to the complaint of the Minister of Energy and Mineral Resources (ESDM), Sudirman Said, to the Court of Honor Council (MKD) DPR related profiteering behalf of the President and Vice-President of the Republic of Indonesia by the Chairman of the House of Representatives (DPR) about a contract extension PT Freeport Indonesia (PTFI). These events have an impact on JCI. However, there are companies in certain sectors that have a similar business with PTFI got the greatest impact on this case, the mining companies in sub-sectors of the metal and mineral mining.Through this study is unknown how much the market reaction to events MKD hearing on December 2, 2015 in the sub-sector of metal and mineral mining. Samples were shares of mining sub-sector of metals and minerals. Data analysis techniques in this study using event study. Based on the analysis, indicate that there are negative abnormal returns on the sub company of metal and mineral mining one day before the reading of the full recording in trial Court Honor Council related PT Freeport Indonesia and the Chairman of the House of Representatives held, the day is on December 1, 2015.

Impacts of Indonesia Raw Minerals Export Ban on Abnormal Return and Trading Volume: An Event Study on Stocks of Metals and Minerals Mining Subsector in IDX

Implementation of the Indonesia raw minerals export ban and the obligation to build a smelter in Indonesia which applied by the Indonesian government through the Government Regulation No 1 Year 2014 allegedly had an impact on stock returns and trading volumes, especially stocks of metals and minerals mining subsector in Indonesia Stock Exchange (IDX). This study uses an event study to analyse if there are significant differences in the abnormal return and trading volume at the time of Government Regulation No 1 Year 2014 officially enforced and in the event of smelter investment project announcement by the issuers. The results showed that there are significant differences on abnormal return when Indonesia raw minerals export ban officially enforced, but the volume of trade does not significantly different. The same results also occurred in the event of smelter investment project announcement by the issuers.