Tailings facility failures in the global mining industry: Will a ‘transparency turn’ drive change?

Abstract

AbstractIn this article, we critically analyse emerging regulatory controls around the design and management of tailings facilities in the global mining industry. Following several high profile, catastrophic tailings facility failures, a Global Tailings Review (GTR) was established to develop a new industry Standard. We describe the precursors to the GTR and review the public disclosure requirements of 19 separate industry‐endorsed standards and certification schemes. On several criteria, the GTR Standard requires unprecedented levels of public disclosure by mining companies. Does this amount to a ‘transparency turn’ in tailings management? We argue that while improved disclosure provisions may provide visibility for investors, regulators and other stakeholders, the socialisation of transparency norms is a highly complex, contingent and ultimately fragile endeavour. Using indicators relevant to achieving transparency, we demonstrate the contextual variability into which mining companies will be disclosing information. Our analysis highlights the sheer number of tailings facilities in locations with multi‐dimensional complexity, including low levels of literacy and governance, with correspondingly high levels of inequality and corruption. We discuss these conditionalities in relation to the GTR Standard, and conclude by outlining future research priorities.