Australian mining company, Lafayette, operator of the Rapu Rapu mine on the small island of the same name in the Philippines, has just entered into voluntary administration. The news may raise eyebrows given the current mining boom, however, not everyone is surprised. The story of Lafayette’s mining operation and the company’s financial failure resonates with a lesson that Oxfam Australia has long observed; a company that fails to obtain and retain a social licence to operate, in other words one that operates without community approval, is not viable. Other Australian mining companies operating in the Philippines and elsewhere should pay heed to Lafayette’s rise and fall and take note of this cautionary tale.