Social aspects of business risk in the mineral industry—political, reputational, and local acceptability risks facing mineral exploration and mining
نویسندگان
چکیده
Abstract Mineral exploration is an industry of uncertainties. Only 0,1% projects become mines, as the volume, content, and quality a deposit all must be economically justifiable to find funding in global financial market. However, business risk mineral not limited geotechnical risks, social aspects are now considered biggest facing industry. Here, we identify three that may challenge industry: political, reputational, local acceptability. Political arises when sectoral authorities related legislation come into conflict, such versus environmental legislation. Reputational lies relationship between company’s past current operations combination with legitimacy entire Local acceptability parallels license operate, poor corporate conduct, competition other livelihoods, intrusion culturally sensitive areas, values critical mining potentially evoking resistance. Companies aware only nuances each aspect but also interplay them understand full scale scope risks associated exploration.
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ژورنال
عنوان ژورنال: Mineral economics
سال: 2022
ISSN: ['2191-2203', '2191-2211']
DOI: https://doi.org/10.1007/s13563-022-00345-z