ABSTRACT
This Chapter presents an analysis of the three models for community development drawing from case studies of gold and diamond mining companies and their corporate foundations worldwide and more specifically in the Republic of Sakha in the Russian Federation. It explores the nature of corporate foundations established by international mining companies. Mining companies are increasingly required to mitigate negative impacts and deliver positive contribution to the communities in which they operate in order to respond to stakeholders concerns and expectations. Community development is becoming increasingly important for mining companies that operate in both developed and developing countries as well as in countries in transition from planned to market economy. The chapter discusses community relation strategies in Aldanzoloto, the largest gold mining company in the Republic of Sakha in the Russian Federation which is experiencing economic decline, and ALROSA which is a growing company.
