In the framework of the growing awareness of potential environmental d
amages related to extractive activities, mining companies founded the
International Council on Metals and the Environment (ICME) and adopted
a code of conduct for environmental management. But while self-regula
tory arrangements have emerged in a couple of sectors, mining industry
's initiative remains a phenomenon of interest grouping. The central q
uestion this paper is addressing is if there is room in the mining sec
tor for ICME to become a self-regulatory arrangement in the future. Th
erefore we propose to cast light on the conditions permitting self-reg
ulation to emerge. Copyright (C) 1996 Elsevier Science Ltd.