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Erschienen in:
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2017 | Supplement | Buchkapitel

5. Social Risk and Business Risk in Mining Projects

verfasst von : Geordan Graetz, Daniel M. Franks

Erschienen in: Mining in the Asia-Pacific

Verlag: Springer International Publishing

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Abstract

In this chapter, we argue that conceiving of social risk as the risk(s) to businesses conflates social risk with the better known concept of business risk and, in so doing, potentially will have negative consequences for both businesses and host communities. Contributing, then, to a contemporary theorisation of social risk, this chapter is organised in five sections. The present section provides the context of the work, while the following section reviews the literature on risk and discretely conceptualises social risk and business risk associated with mining projects. It also addresses the processes through which impacts and risks are identified. The third section examines the relationships between risks, rights, and impacts, as well as translation mechanisms and what we term ‘mediators’ of risk. The fourth section discusses the consequences of conflating social risk with business risk, while the fifth section concludes the chapter.

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Vorheriges Kapitel Property, Politics, and Power: Theorising Political Risk in the Mining Industry
Nächstes Kapitel Security of Resource Supply and the Obsolescing Bargain
Fußnoten
1
Here, we draw a distinction between ‘domains’ of risk and ‘types’ of risk. The ‘domain’ of risk refers to the broad rubric of risk under which types of risks sit. The conventional domains are: environmental risk, business risk, social risk, and political risk. It is our contention that environmental risk should be conceived as risk to the environment; business risk as risk to the business and its operations; social risk as risk to individuals/groups of individuals; and political risk as risk from the state, principally, to corporate entities operating within the political society.
 
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Metadaten
Titel
Social Risk and Business Risk in Mining Projects
verfasst von
Geordan Graetz
Daniel M. Franks
Copyright-Jahr
2017
Buch
Mining in the Asia-Pacific

Print ISBN: 978-3-319-61393-2

Electronic ISBN: 978-3-319-61395-6

Copyright-Jahr: 2017

DOI
https://doi.org/10.1007/978-3-319-61395-6_5