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Expropriating the future: turning ore deposits and legitimate expectations into assets
In this chapter, I draw on ethnographic fieldwork carried out in the City of London between 2012-2014 to explore the valuation techniques that underpin investment in mineral exploration. At the time of my fieldwork, carried out with investors, analysts, consulting geologists and lawyers, the mining market was seeking out new frontiers as established resource-rich jurisdictions became less profitable, or began to show signs of what analysts termed ‘resource nationalism’ (the desire to renegotiate contracts, taxation and royalty rates in terms more favorable to host states). Against this background, the chapter explores the capitalization devices, narratives and durable legal foundations through which mineral deposits are transformed into assets, valued in terms of the future revenue they promise their investors.
Funding
Evaluation Cultures in the Political Risk Industry; G2242; British Academy/Leverhulme Trust
ESRC/Sussex DTC +3 Doctoral Studentship; ESRC
History
Publication status
- Published
File Version
- Accepted version
Publisher
MIT PressExternal DOI
Page range
173-201Pages
338.0Book title
Assetization: turning things into assets in technoscientific capitalismISBN
9780262539173Series
Inside TechnologyDepartment affiliated with
- Anthropology Publications
Full text available
- Yes
Peer reviewed?
- Yes
Editors
Kean Birch, Fabian MuniesaLegacy Posted Date
2019-03-11First Open Access (FOA) Date
2020-07-22First Compliant Deposit (FCD) Date
2018-12-21Usage metrics
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