The Social License concept reflects from the fact that the society can approve or refuse the support for a companie operation. It referes the intangible, the tatical part of the contract made with the society or social group that allows a extraction or processing to start and continue their operations. The level of support depends on society's expectations about how the company conducts their operations. The current expectation from society about the companies is a result of intense social movement; is the fruit of a process modernization; it is translated in advances at laws, growing politicization about environment problems and strengthening of ecological moral, influencing the business discourse and companies decisionmaking processes. In this context, a new environmental and social posture is required, demanding innovative actions, mainly induced by changes in environment of the institutions and industrialized societies. The debate about SLO appears at industrial engineering, from risk management perspective, when productive sectors with high potential for environmental and economic impact realize that formal control aspects require more legitimacy, by interacting between company, government and society. Among the productive sectors, the mining sector stands out. Intendeing to contribute to the debate about SLO in the Brazillian context, this study intends to identify criterias that influence the granting of SLO, starting with a multi stakeholders approach and qualitative case study, having as analysis universe one mine, located Brazilian regions and belonging to a large company. The criteria for the LSO in the Brazilian context proved incomplete, but new criteria were identified, and investments in education made by mining contributed, on the other hand the lack of a collaborative governance influenced negatively. The results demonstrate the need to redefine the LSO in high social vulnerability contexts. Faced with the precariousness predominated an unstable LSO, with low effectiveness, and characterized by the expectation on the part of stakeholders based on the maintenance of jobs and specific demands. We conclude that for a stable LSO is necessary to prepare the local community to grant it, work with social learning and strengthen social capital, making it more resilient, with capacity to anticipate, cope, support and recover from the impacts, risks or constant threat of termination of the mine.