The ownership and activism of institutional investors in large publicly traded gold mining companies have re-oriented business strategies toward maximising value for shareholders. This paper examines these strategies in the context of the commodity boom (and bust) of 2003–2015. A study of the activities of some of the largest gold mining companies reveals a re-alignment of their operations to satisfy the yield requirements, investment motives, and risk tolerance of institutional investors. By prying open the black-box of corporate decision-making, the expansion and subsequent contraction of mining activities are shown to have in part been enabled and constrained by the investment appetite of a particular class of investors. The findings make the case for a more situated analysis of corporations, a key but understudied actor in political ecology studies. 相似文献
Although facies models of braided, meandering and anastomosing rivers have provided the cornerstones of fluvial sedimentology for several decades, the depositional processes and external controls on sheetflow fluvial systems remain poorly understood. Sheetflow fluvial systems represent a volumetrically significant part of the non‐marine sedimentary record and documented here are the lithofacies, depositional processes and possible roles of rapid subsidence and arid climate in generating a sheetflow‐dominated fluvial system in the Cenozoic hinterland of the central Andes. A 6500 m thick succession comprising the Late Eocene–Oligocene Potoco Formation is exposed continuously for >100 km along the eastern limb of the Corque syncline in the high Altiplano plateau of Bolivia. Fluvial sandstone and mudstone units were deposited over an extensive region (>10 000 km2) with remarkably few incised channels or stacked‐channel complexes. The Potoco succession provides an exceptional example of rapid production of accommodation sustained over a prolonged period of time in a non‐marine setting (>0·45 mm year−1 for 14 Myr). The lower ≈4000 m of the succession coarsens upward and consists of fine‐grained to medium‐grained sandstone, mudstone and gypsum deposits with palaeocurrent indicators demonstrating eastward transport. The upper 2500 m also coarsens upward, but contains mostly fine‐grained to medium‐grained sandstone that exhibits westward palaeoflow. Three facies associations were identified from the Potoco Formation and are interpreted to represent different depositional environments in a sheetflow‐dominated system. (i) Playa lake deposits confined to the lower 750 m are composed of interbedded gypsum, gypsiferous mudstone and sandstone. (ii) Floodplain deposits occur throughout the succession and include laterally extensive (>200 m) laminated to massive mudstone and horizontally stratified and ripple cross‐stratified sandstone. Pedogenic alteration and root casts are common. (iii) Poorly confined channel and unconfined sheet sandstone deposits include laterally continuous beds (50 to >200 m) that are defined primarily by horizontally stratified and ripple cross‐stratified sandstone encased in mudstone‐rich floodplain deposits. The ubiquitous thin‐sheet geometry and spatial distribution of individual facies within channel sandstone and floodplain deposits suggest that confined to unconfined, episodic (flash) flood events were the primary mode of deposition. The laterally extensive deposition and possible distributary nature of this sheetflow‐dominated system are attributed to fluvial fan conditions in an arid to semi‐arid, possibly seasonal, environment. High rates of sediment accumulation and tectonic subsidence during early Andean orogenesis may have favoured the development and long‐term maintenance of a sheetflow system rather than a braided, meandering or anastomosing fluvial style. It is suggested here that rapidly produced accommodation space and a relatively arid, seasonal climate are critical conditions promoting the generation of sheetflow‐dominated fluvial systems. 相似文献
Land subsidence caused by compression of clay layers in Ojiya City, Japan was measured by global positioning system (GPS) between 1 April 1996 and 31 December 1998.
Three baselines were selected in and around the city, and height difference on a WGS-84 ellipsoid was measured by GPS on each baseline. The ground at the GPS station in the city subsides and rebounds 7 cm every winter and spring, respectively. Measurement accuracy was 9.5 mm standard deviation. Ground water level was observed at a well near the GPS station. Regression analysis between total strain, calculated as ratio of the height difference displacement to the total thickness of the clay layers, and the layers' effective stress change with ground water level change gave good correlation. The slope of regression line 7.0×10−11 m2/N was obtained as an average apparent coefficient of volume compressibility of the layers. 相似文献
Continuous exposure in the Pindos mountain chain (Greece) and the detailed stratigraphic measurements in the area enable us to construct eight balanced cross sections across the Pindos Fold-and-thrust belt (PFTB) and to approach quantitatively some parameters which controlled foreland evolution. The 160-km-wide passive continental margin of the Apulian continent in Greece was progressively shortened from east to west at rates of 6 mm/year between the Early Oligocene and Late Eocene. From the rear to the frontal part of the wedge, fault-bend folds, duplexes and imbricates were formed, while strain was partitioned into faulting (~34%), layer parallel shortening (~23%) and buckling (~9%). Foreland subsidence and internal deformation of the orogenic wedge are strongly affected by two parameters of equal importance: the thrust load of the overthrusted microcontinents and the rigidity of the underthrusted Apulian passive margin. Changes in the thickness of the pre-orogenic sediments and reactivated transform faults induced salients. During the Lower Miocene, the orogenic wedge in the Peloponnese suffered additional uplift and westward gravitational gliding induced by the intracontinental subduction of the Palaeozoic rift zone of the Phyllite-Quartzite Series, which was reactivated and returned to the earths surface during the Hellenic orogeny. 相似文献
Sinkhole development is unlikely in desert areas with very low precipitation. However, a few cases of land subsidence and sinkhole development took place within the suburbs of Kuwait City. A few sinkholes developed in a sudden and rapid way, leading to great economic losses. In this paper the mechanism and causes of such a land subsidence are described. Decline in groundwater level and downward infiltration of excess irrigation are suggested to be the main factors in the development of the land subsidence in Kuwait. Urbanization and excessive garden irrigation are most probably the triggers of the sudden and rapid land subsidence. 相似文献