The mining industry and the community: joining forces for sustainable social development

Béatrice Labonne

Natural Resources Forum, 1999, vol. 23, issue 4, 315-322

Abstract: This article joins the continuing policy debate over the social responsibility of corporations, particularly in the mining industry. The author argues that the ‘old school mining orthodoxy’—approaching the exploitation of mineral deposits solely from the technical and economic points of view—is long dead. Mining companies must also encompass the social dimension. New policies for the mining industry are discussed in terms of recent worldwide trends and movements, e.g. globalization, economic interdependence and decentralization of governmental authority, and the rise of civil society as a political factor. These trends, together with the United Nations policies in quest of sustainable development and the consensus expressed at international conferences during the last decade, have deepened social awareness and set the stage for enhanced social responsiveness from the private sector. Socially responsible corporate policies include decentralization of decision‐making to the field level, reaching out to stakeholders and shareholders, supporting governments which provide official development assistance for good governance and building broad partnerships to reduce social exposures.

Date: 1999
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https://doi.org/10.1111/j.1477-8947.1999.tb00919.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:23:y:1999:i:4:p:315-322

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