Speculating on Sovereignty: ‘Money Mining’ and Corporate Foreign Policy at the Extractive Industry Frontier

Gilbert, Paul Robert (2019) Speculating on Sovereignty: ‘Money Mining’ and Corporate Foreign Policy at the Extractive Industry Frontier. Economy and Society. ISSN 0308-5147

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Abstract

In this article, I examine the capacity that ‘technologies of the imagination’ have to suture routinized financial practices in the City of London to the opening up of new extractive industry ‘frontiers’. I focus on the political risk rankings through which host jurisdictions of speculative projects are assessed, and the selection of discount rates in the valuation of prospective mines. By treating these as technologies of the imagination - rather than calculative devices - the significance of the meaning created by mining professionals as they generate images of ‘politically risky’ territories or jurisdictions prone to ‘resource nationalism’ comes into view, along with a particular deployment of international investment law upon which speculative accumulation in the junior mining market depends.

Item Type: Article
Keywords: speculation; extractive industries; political risk; frontiers; resource nationalism
Schools and Departments: School of Global Studies > International Development
Depositing User: Paul Robert Gilbert
Date Deposited: 29 Jul 2020 13:14
Last Modified: 29 Jul 2020 13:14
URI: http://srodev.sussex.ac.uk/id/eprint/82346

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