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The global mining industry: corporate profile, complexity, and change
Robert M. Buchan Department of Mining, Queen’s University, Kingston, Canada; Sustainable Minerals Institute, The University of Queensland, Brisbane, Australia.
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Social Sciences. RMG Consulting, Stockholm, Sweden.ORCID iD: 0000-0002-6395-1001
RMG Consulting, Stockholm, Sweden.
RMG Consulting, Stockholm, Sweden.
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2022 (English)In: Mineral Economics, ISSN 2191-2203, E-ISSN 2191-2211, Vol. 35, no 3-4, p. 587-606Article in journal (Refereed) Published
Abstract [en]

The continuation and increasing importance of mining is inevitable as society embraces both the transition to a low-carbon economy and application of circular economy concepts. However, across many parts of society, there is an ongoing sense that those who are carrying many of the costs and risks related to mining particularly over the long term (often host communities and countries) are not seeing a level of benefit that seems fair. In contrast, there is frustration within the industry that mining is not being given due credit for the importance of its role in contemporary society by those who would criticize industry practices. Over the past several decades, dozens of initiatives aimed at strengthening mining's social and environmental performance have been mounted from both within and outside the industry. These generally depend on a "leadership-trickle-down" change model. While progress has been achieved, the society-industry trust deficit continues. The global mining community comprises a corporate core and a complex range of other surrounding interests. We suggest that some key questions regarding the nature of this community and its appetite and capacity for change have not been explored thus impeding the effectiveness of change management. We offer (1) an estimate of the number of companies that lie at the core of the global mining community: some 25,000 operating in about 140 countries (using data from the mid-2010s); (2) a profile of these companies as an initial step towards understanding the "culture" of the global mining community; and (3) a listing of additional complexities and observations important to bringing global-wide improvement to mining's social and environmental performance. We argue that building on work to date, a fresh approach is required. We are calling for a dialog to reflect on the ideas presented here, refine them as appropriate, and develop the needed strategies and action plans. Such a process must build from a comprehensive understanding of the global mining community and its culture. It must be collaborative in nature and involve not only the range of mining companies but also with surrounding interests and governments. If this is not done, the change that is needed to align actions of all mining actors with social values will not occur and the trust deficit will remain.

Place, publisher, year, edition, pages
Springer Nature , 2022. Vol. 35, no 3-4, p. 587-606
Keywords [en]
Mining industry profile, Theory of change, Industry structure, Mining performance improvement
National Category
Political Science (excluding Public Administration Studies and Globalisation Studies) Environmental Sciences
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-93537DOI: 10.1007/s13563-022-00343-1ISI: 000859587200002Scopus ID: 2-s2.0-85138857960OAI: oai:DiVA.org:ltu-93537DiVA, id: diva2:1702513
Funder
Luleå University of Technology
Note

Validerad;2022;Nivå 2;2022-11-08 (hanlid)

Available from: 2022-10-11 Created: 2022-10-11 Last updated: 2023-05-08Bibliographically approved

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