'Trusting the numbers': mineral prospecting, raising finance and the governance of knowledge

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    Abstract

    Mineral prospecting and raising finance for ‘junior’ mining firms has historically been regarded as a speculative activity. For the regulators of securities markets upon which ‘junior’ mining companies seek to raise capital, a perennial problem has been handling not only the indeterminacy of scientific claims, but also the social basis of epistemic practices. This paper examines the production of a system of public warrant and associated knowledge practices intended to enable investors to differentiate between ‘destructive’ and ‘productive’ varieties of financial speculation. It traces the use of the notion of ‘disclosure’ in constructing and legitimizing the ‘juniors’ market in Canada. It argues that though the work of ‘economics’ may be necessary in the construction of markets, it is by no means sufficient. Attention must also be given to the ways in which legal models of ‘the free-market’ can be translated and constantly re-worked across the sites and spaces of regulatory practice, animating the geographies of markets.
    Original languageEnglish
    Pages (from-to)545-558
    Number of pages14
    JournalTransactions of the Institute of British Geographers
    Volume39
    Issue number4
    Early online date25 Oct 2013
    DOIs
    Publication statusPublished - Oct 2014

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    Keywords

    • finance
    • Canada
    • knowledge practices
    • geographies of marketisation

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