COMPONENTS AND LEVELS OF SOCIAL LICENSE IN MINING

Abstract

The concept of the social license of the mining industry is directly oriented to the relations of the company with the affected communities, it implies a certain series of actions not only by the company, but also by the affected communities, aimed at satisfying the interests of the communities. In practice, the importance of applying the concept of the social license in mining is also expressed by the fact that the requirement for its application is defined by a number of international financial institutions when discussing the issue of granting loans to mining companies.

The article examines the components and levels of a social license in mining.