Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) said today that it had completed the reconstitution of the Reko Diq project,
2024-08-30 13:58:19
BPP Business School Coursework Cover Sheet
Please use this document as the cover sheet of for the 1st page of your assessment. Please complete the below table – the grey columns
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Module Name
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Project Management Essentials
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Programme Name
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Student Reference Number
(SRN)
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Assessment Title
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Please complete the yellow sections in the below declaration :
By submitting this coursework, you agree to all rules and regulations of BPP regarding assessments and awards for programmes.
Please note that by submitting this assessment you are declaring that you are fit to sit this assessment.
BPP University reserves the right to use all submitted work for educational purposes and may request that work be published for a wider audience.
MSc Management with Project
Management
Project Management Essentials
Coursework Assessment Brief
Version: CW4
1.General Assessment Guidance
- Your summative assessment for this module is made up of this submission which accounts for 100% of the marks
- Please note late submissions will not be marked.
- You are required to submit all elements of your assessment via Turnitin online access. Only submissions made via the specified mode will be accepted and hard copies or any other digital form of submissions (like via email or pen drive etc.) will not be accepted.
- For coursework, the submission word limit is 5000 words. You must comply with the word count guidelines. You may submit LESS than 5000 words but not more. Word Count guidelines can be found on your programme home page and the coursework submission page.
- Do not put your name or contact details anywhere on your submission. You should only put your student registration number (SRN) which will ensure your submission is recognised in the marking process.
- A total of 100 marks are available for this module assessment, and you are required to achieve minimum 50% to pass this module.
- You are required to use only Harvard Referencing System in your submission. Any content which is already published by other author(s) and is not referenced will be considered as a case of plagiarism.
- You can find further information on Harvard Referencing in the online library on the VLE. You can use the following link to access this information: http://bpp.libguides.com/Home/StudySupport
- BPP University has a strict policy regarding authenticity of assessments. In proven instances of plagiarism or collusion, severe punishment will be imposed on offenders. You are advised to read the rules and regulations regarding plagiarism and collusion in the GARs and MOPP which are available on VLE in the Academic registry section.
- You should include a completed copy of the Assignment Cover sheet. Any submission without this completed Assignment Cover sheet may be considered invalid and not marked.
2.Assessment Brief
This module is assessed through one graded element worth 100%. You must achieve at least 50% to pass this module.
For this assignment you are required to build a Project Management Consultancy Report based on the Reko Diq copper-gold mine project in Pakistan, a major project currently at the feasibility stage and targeting production in 2028.
CASE STUDY : Reko Diq copper-gold project, Pakistan
Press Release DECEMBER 15, 2022 Barrick.com website:-
Massive Reko Diq Project Gets All Clear, Barrick Starts Updating Plans
(All amounts expressed in US dollars)
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) said today that it had completed the reconstitution of the Reko Diq project, having received a favorable opinion from the Supreme Court of Pakistan and the required legislation having been passed into law.
One of the largest undeveloped copper-gold projects in the world, Reko Diq is owned 50% by Barrick, 25% by three federal state-owned enterprises, 15% by the Province of Balochistan on a fully funded basis and 10% by the Province of Balochistan on a free carried basis.
Barrick president and chief executive Mark Bristow said the completion of the legal processes was a key step in progressing the development of Reko Diq into a world-class, long-life mine which would
substantially expand the company’s strategically significant copper portfolio and benefit its Pakistani stakeholders for generations to come.
“We are currently updating the project’s 2010 feasibility and 2011 feasibility expansion studies. This should be completed by 2024, with 2028 targeted for first production,” Bristow said.
“With its unique combination of large scale, low strip and good grade, Reko Diq is expected to have a life of at least 40 years. We envisage a truck-and-shovel open pit operation with processing facilities producing a high-quality copper-gold concentrate. We expect it to be constructed in two phases with a combined process capacity of 80 million tonnes per annum.”
Reko Diq will be a major contributor to Pakistan’s economy which is expected to have a
transformative impact on the underdeveloped Balochistan province where, in addition to the
economic benefits it will generate, the mine will also create jobs, promote the growth of a regional economy and invest in development programs. The province’s interest in the mine will be fully
funded, which means that Balochistan will reap the dividends, royalties and other benefits of its 25% shareholding without having to contribute financially to its construction and operation.
“Reko Diq’s ownership structure is a further manifestation of Barrick’s commitment to partnership with its host countries and communities and to sharing the value our operations create fairly with all our stakeholders,” Bristow said.
“We’re making sure that Balochistan and its people will see these benefits quickly. Starting early next year, Barrick will implement a range of social development programs prioritizing the improvement of healthcare, education, vocational training, food security and the provision of potable water. Our investment in these is expected to amount to around $70 million over the feasibility and construction period. In addition, Reko Diq will advance royalties to the government of Balochistan of up to $50
million until commercial production starts.”
During peak construction the project is expected to employ 7,500 people and once in production it will create around 4,000 long-term jobs. As elsewhere in the group, Barrick prioritizes the
employment of local people and host country nationals.
Bristow said Barrick already had the industry`s best gold assets and the addition of Reko Diq would promote its copper portfolio into the world-class league, accelerating the company towards its goal of creating the world`s most valued gold and copper mining business.
Source : https://www.barrick.com/English/news/news-details/2022/massive-reko-diq-project-gets- all-clear-barrick-starts-updating-plans/default.aspx (accessed 19/03/24)
News Article : MINING.COM.AU | MINING SERVICES | 04 MAY, 2023 WRITTEN BY Harry Mulholland
Lycopodium favoured by Barrick Gold to deliver feasibility and engineering work at Reko Diq
Perth-based engineering, construction, and asset management company Lycopodium (ASX:LYL) has been selected as a preferred tenderer by Barrick Gold (NYSE:GOLD) to deliver a Feasibility Study and a basic engineering agreement at the Reko Diq Copper-Gold Project in Pakistan.
The $55 million contract is currently being finalised between the parties, with work expected to begin on 22 May 2023. The Feasibility Study is scheduled for completion in the fourth quarter of
2024, while the basic engineering will start in October 2024 and is set to be complete in the second quarter of 2025.
Lycopodium says the project is expected to be completed in 2 phases. Phase one will be based on a copper concentrator with a processing capacity of 40 million tonnes per annum and associated
infrastructure including onshore port facilities, and a 7,500 person accommodation camp. Phase two will see throughput increased to 80 million tonnes per annum.
Image source : https://www.mining.com/barrick-reiterates-2028-for-first-production-from-reko-diq-copper-gold-project-in-pakistan/ (accessed 19/03/24)
The company reports it will coordinate the overall Feasibility Study for both phases, providing the study deliverables to support the No 43-101 technical reports. Basic engineering will only be performed on phase one of the project.
Lycopodium also says it will be responsible for the coordination and interface management of all Barrick engaged sub-consultants providing inputs into the Feasibility Study.
The Reko Diq Copper-Gold Project is considered by the company to be one of the largest undeveloped copper-gold deposits in the world. The project is in the Tethyan Belt in the northwest corner of Pakistan’s Balochistan province.
“This project will unlock one of the largest undeveloped copper assets in the world, and we are extremely proud to be given this opportunity to work with Barrick to bring this exciting and
meaningful project into fruition.”
Commenting on the contract, Lycopodium Managing Director Peter De Leo says: “The construction and operation of the Reko Diq Mine will significantly contribute to Pakistan’s economy, in particular benefiting from the underdeveloped Balochistan province in the creation of jobs and investment in regional development programs. Lycopodium says the award builds on its ‘significant’ copper concentrator experience, with recent projects including Cobré Panama and the Batu Hijau plant expansion in Indonesia. Lycopodium is an ASX-listed engineering, construction, and asset management company that specialises in delivering complex, multidisciplinary projects through to the provision of Feasibility Studies and advisory services. Barrick Gold is a Canadian gold and copper producer with assets across North America, Central America, South America, Africa, and the Middle East. Some of these projects include Reko Diq Copper-Gold, Jabal Sayid, Hemlo, Nevada Gold Mines, Pueblo Viejo, and Lumwana projects.
PROJECT CONSULTANCY REPORT
The required submission for this assignment is a 5000 word “Project Consultancy Report”.
In your role as a Project Consultant, you have been tasked by the Chief Executive Officer (CEO) to develop a consultancy report for your selected case study organization. This involves leveraging the techniques and concepts covered in the module, drawing on relevant frameworks or theories, and conducting wider research to address three key tasks aligned with the Module Learning Outcomes.
The Module Learning Outcomes required to successfully pass this assessment are:
LO1 Strategically apply relevant project management practices within organisations
LO2 Critically appraise project management principles and environmental contexts in which projects can be delivered
LO3 Critically evaluate how project management behaviours can promote organisational success
Your Project Consultancy Report should contain the following:
Introduction
·Begin with an introduction to the case study organisation and the project you have selected, and a brief overview of what the report will cover.
Task 1 (LO1) – Stakeholder Engagement Practice
Critically discuss the importance of strategic stakeholder engagement in achieving successful project outcomes, explaining in depth what an effective stakeholder engagement process might involve in practice. Within your response make specific recommendations for stakeholder engagement practices which should be applied in the case study project. Refer to the literature and use the case study example to illustrate your points.
Task 2 (LO2) – Risk in the Project Environment
Critically appraise the importance of risk management as a tool for evaluating the environmental context of projects. In your response, describe what an effective risk management process for the case study would involve, including aspects such as risk identification, assessment, mitigation, and how project managers use tools such as a Risk Log or Risk Matrix. Refer to the literature and use the case study example to illustrate your points.
Task 3 (LO3) – Managing Change, Teamwork & EDI
Critically evaluate how project management behaviours can promote organizational success in the case study project. Specifically examine how project managers handle change, develop teams and promote equality, diversity and inclusion. Support your analysis with academic literature, concepts from the module and examples from the case study.
Conclusion
Summarise the key points of the assessment tasks and provide a concluding statement including your key recommendations for the case study CEO.
Presentation & Structure
The report must be in clear font (e.g., Arial/Calibri point size 11) with consistent format styles, automatic page numbers and table of contents. Line spacing should be 1.5.
Maximum word count: 5000 words (Summative)
Your report structure should include the following sections:
Cover page (University cover sheet) Table of Contents
Table of Figures (optional) Suggested word count
Introduction 250 words
Task 1. Stakeholder Engagement Practice 1500 words
Task 2. Risk in the Project Environment 1500 words
Task 3. Managing Change, Teamwork & EDI 1500 words
Conclusion 250 words
References
Appendix (if appropriate)
NOTE: The word count of (5,000 words) only applies to the main body (shown in bold); i.e., cover page, table of contents, list of abbreviations, references and appendix are not part of the word count.
All submissions must be written in an academic style (not first person) and any figures, diagrams and independent research must be appropriately referenced using the Harvard Referencing System.
If you have any further questions about this coursework assignment, please contact the tutor or the module leader.
3.Marking Guide
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Fail
(0-6 marks)
0-39%
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Assignment task
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Mark
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High Distinction (24-30 marks)
80%+
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Distinction (21-23 marks)
70-79%
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Merit
(18-20 marks)
60-69%
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Pass
(15-17 marks)
50-59%
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Low Fail (12-8 marks)
40-49%
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Task 1. Stakeholder Engagement Practice
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30
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Excellent critical discussion of the importance of stakeholder engagement in achieving successful project outcomes.
Excellent and well explained recommendations for stakeholder engagement practices which should be applied in the case study project.
Excellent leverage on the concepts presented in the module, the wider literature and well applied to the case study.
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Very good critical discussion of the importance of stakeholder engagement in achieving successful project outcomes.
Very good and well explained recommendations for stakeholder engagement practices which should be applied in the case study project.
Very good leverage on the concepts presented in the module, the wider literature and well applied to the case study.
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Good critical discussion of the importance of stakeholder engagement in achieving successful project outcomes.
Good recommendations for stakeholder engagement practices which should be applied in the case study project.
Good leverage on the concepts presented in the module, the wider literature and application to the case study.
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Satisfactory discussion of the importance of stakeholder engagement in achieving successful project outcomes.
Satisfactory recommendations for stakeholder engagement practices which should be applied in the case study project.
Satisfactory leverage on the concepts presented in the module, the wider literature and application to the case study.
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Limited discussion of the importance of stakeholder engagement in achieving successful project outcomes.
Limited recommendations for stakeholder engagement practices which should be applied in the case study project.
Satisfactory leverage on the concepts presented in the module, the wider literature and application to the case study.
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Inadequate discussion of the importance of stakeholder engagement in achieving successful project outcomes.
Inadequate recommendations for stakeholder engagement practices which should be applied in the case study project.
Inadequate leverage on the concepts presented in the module, the wider literature and application to the case study.
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Task 2. Risk in the Project Environment
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30
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Excellent critical appraisal of the importance of risk management as a tool for evaluating the environmental context of projects.
Excellent description of an effective risk management process for the case study.
Excellent leverage on the concepts presented in the module, referring to the literature and well applied to the case study.
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Very good critical appraisal of the importance of risk management as a tool for evaluating the environmental context of projects.
Very good description of an effective risk management process for the case study.
Very good leverage on the concepts presented in the module, referring to the literature and well applied to the case study.
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Good critical appraisal of the importance of risk management as a tool for evaluating the environmental context of projects.
Good description of an effective risk management process for the case study.
Good leverage on the concepts presented in the module, referring to the literature and well applied to the case study.
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Satisfactory critical appraisal of the importance of risk management as a tool for evaluating the environmental context of projects.
Satisfactory description of an effective risk management process for the case study.
Satisfactory leverage on the concepts presented in the module, referring to the literature and well applied to the case study.
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Limited critical appraisal of the importance of risk management as a tool for evaluating the environmental context of projects.
Limited description of an effective risk management process for the case study.
Limited leverage on the concepts presented in the module, referring to the literature and well applied to the case study.
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Inadequate critical appraisal of the importance of risk management as a tool for evaluating the environmental context of projects.
Inadequate description of an effective risk management process for the case study.
Inadequate leverage on the concepts presented in the module, referring to the literature and well applied to the case study.
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Task 3. Managing Change, Teamwork & EDI
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30
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Excellent critical evaluation of how project management behaviours can promote organizational success in the case study, examining change management, teamwork and behaviours that could contribute to a culture of equality, diversity and inclusion.
Excellent leverage on the concepts presented in the module and well applied to the case study.
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Very good critical evaluation of how project management behaviours can promote organizational success in the case study, examining change management, teamwork and behaviours that could contribute to a culture of equality, diversity and inclusion.
Very good leverage on the concepts presented in the module and well applied to the case study.
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Good critical evaluation of how project management behaviours can promote organizational success in the case study, examining change management, teamwork and behaviours that could contribute to a culture of equality, diversity and inclusion.
Good leverage on the concepts presented in the module and applied to the case study.
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Satisfactory critical evaluation of how project management behaviours can promote organizational success in the case study, examining change management, teamwork and behaviours that could contribute to a culture of equality, diversity and inclusion.
Satisfactory leverage on the module concepts applied to the case study.
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Limited critical evaluation of how project management behaviours can promote organizational success in the case study, examining change management, teamwork and behaviours that could contribute to a culture of equality, diversity and inclusion.
Limited leverage on the concepts presented in the module.
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Inadequate critical evaluation of how project management behaviours can promote organizational success in the case study, examining change management, teamwork and behaviours that could contribute to a culture of equality, diversity and inclusion.
Inadequate leverage on the concepts presented in the module.
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Presentation Task
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Mark
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High Distinction (8-10 marks)
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Distinction (7 marks)
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Merit (6 marks)
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Pass (5 marks)
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Low Fail (4 marks)
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Fail
(0-3 marks)
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Introduction, Conclusion, Presentation & Structure
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10
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Discussion is supported by excellent evidence from academic literature with evidence of extensive personal research and excellent consistent referencing.
Formatting and presentation is professional throughout, with a consistent approach to headings, tables and graphs.
Sources will be correctly cited and there will be a complete set of references in the correct format and in alphabetical order.
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Discussion is supported by very good evidence from academic literature with evidence of extensive personal research and excellent consistent referencing.
Formatting and presentation is professional throughout, with a consistent approach to headings, tables and graphs.
Sources are generally correctly cited and there will be a set of references in the correct format and in alphabetical order.
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Discussion is supported by solid evidence from academic literature with good referencing.
The report is reasonably well presented but could be improved by greater attention to detail.
There is evidence of wider reading and research.
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Discussion is supported by some basic evidence from academic literature.
There is a satisfactory number of references, and the correct format is used, albeit with some errors.
There may be some errors in formatting and presentation, but the report is reasonably professional in appearance.
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Limited evidence from the academic literature.
Limited use of a range of personal research and limited or weak presentation.
Limited references - may contain inconsistencies, errors or omissions.
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Inadequate evidence from the academic literature.
Inadequate or no use of personal research.
Inadequate presentation.
Inadequate references containing inconsistencies, errors or omissions.
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