Green Business Model Research of the Ahafo Gold Project

Green business, also called sustainable business,seek to balance profit with the health of the planet and its various populations. The green business economy has expanded greatly in the past decade,and continues to do so today as it is increasingly embraced by employees,consumers,investors, and other stakeholders,especially in light of the recent assessment of imminent threat of climate change to our planet.

Under the background of the accelerated transition of the global mining industry to sustainable development, how to balance the economic value and environmental responsibility through innovative contract management and procurement strategies has become the core issue of the industry.Here i use contracts manager-Ahafo north project at newmont corporation Michael Ablorh as a example to analyze the sustainable practice path of contract management in the mining industry:

1. Green business model in the mining contracts management

Tradition mining industry is always criticized because of environment damage and social controversy, but modern mining companies are pursuing for sustainable development by reestablishing business models.Michael’s responsibilities exactly accord with the four core elements of a green business model.

• Value Proposition Reconstruction

From Michael’s main responsibilities at Newmont Corporation,we can see that he embedded the environmental indicator into supplier selection criteria by developing and maintaining equipment,goods&services(EGSI)documents for the Ahafo North Project.For example,he prioritizes contractors who use low-carbon technologies or provide recyclable materials.

• Value Chain Optimization

Michael promote “purchase-use-recycle”closed-loop management in equipment procurement,such as increase the service life of heavy machinery through equipment refurbishment agreement so as to reducing recourse waste.

• Financial Innovation

Michael links the contractor’s environmental performance to the payment schedule to reduce the risk of potential environmental liability risk of enterprises.By the way, reducing the repetitive procurement costs through centralized procurement is a good way to saving the cost.

• Stakeholder Co-Creation

Including local community employment clauses in contractor tenders, such as requiring EPCM contractors to employ a certain proportion of local labor, is essential to achieve both economic and social benefits.

2. The Sustainable Strengths of Michael in Mining Industry
   • The Sustainable Value of Educational Background

From Higher National Diploma(HND) at Accra Technical University to the Bachelor of Technology(BTech) at Sunyani Technical University, to Master of Science(MSc) at Coventry University,Michael’s solid educational foundation in the technical field of architecture and contract management lays the foundation for long-term career development.This cross-discipline body of knowledge has long-term value in reducing resource waste.

• The Sustainable Accumulation of Practical Experience

Michael’s early experience as a trainee quantity Measurement Engineer at Fanteakwa District Assembly has enabled me to apply my practical skills to subsequent projects and continue to play a role in promoting the implementation of green projects.

3. Innovative Weaknesses of Michael
   • The Risk of Delayed Knowledge Updating

Despite having a diverse educational background, in a rapidly developing industry environment, if Michael cannot follow up on innovative knowledge in green building, sustainable supply chain and other fields timely, he may gradually lag behind in career development.

• Lack of Cross-Industry Innovation Ability

Michael’s experience is mainly concentrated in construction and mining fields,which is a disadvantage in cross-industry innovation cooperation. Green business models encourage cross-industry integration and innovation, such as cooperation between construction and new energy, environmental technology and other industries.Lack of cross-industry experience may limit participation and contribution ability in innovative projects.

4. Environmental Opportunities
   • Industry Policy Promotion

The global focus on sustainability has led to more green policies and standards in the construction and mining industries. For example, the government’s support for green building projects and the increasing requirements of mining companies for environmental protection and sustainable supply chains, which provides a broad career development space for professionals with relevant knowledge and skills to participate in the planning, implementation and management of green projects.

• Increase in Market Demand

Increasing demand from consumers and businesses for green products and services is driving the transition of construction and mining companies to green business models. In procurement, contract management and other aspects, there is a surge in demand for professionals who can ensure green compliance of projects, providing more employment and promotion opportunities.

5. Conclusion

The green transformation of construction and mining enterprises is not only a technological innovation ,but also a systematic restructuring of business models.Contract management professionals like Michael are transforming sustainability from concept to actionable contract terms and procurement practices through cross-disciplinary collaboration and tool innovation.

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