small gold mining and processing of gold small scale mining search

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small gold mining and processing of gold small scale mining search

and promoting awareness of the dangers of the worst forms...

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Formalising the sector in a responsible way can increase prosperity and alleviate some of the socially and environmentally damaging issues that beset the sector. Through the use of domestic ASGM gold buying programmes, central banks of gold producing nations wield market power that can be used to foster and enforce lasting change through implementation of international standards and best practices. The World Gold Council has examined four countries whose central banks actively purchase gold from domestic ASGM production the Philippines, Mongolia, Ecuador and Ethiopia and found that these programmes have the potential to encourage responsible ASGM practices and confer economic benefits. The advantages are: 1. Central banks can buy gold using local currency rather than diminishing their international currency reserves. 2. They can spur economic development by supporting the livelihoods of responsible artisanal and small scale miners. 3. They can leverage their market power to form...

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For the purposes of this statement, the following definitions are used: Alternative livelihoods: the development of different sources of income for individuals and families who are engaged in illegal mining or other illegal activities which have damaging social or environmental impacts in order to help divert them from these livelihoods. Artisanal and Small Scale Mining :ASM is a collective term embracing both small scale and artisanal mining. It covers formal or informal mining which is characterised by low capital intensity and high labour intensity and relatively simple methods for exploration, extraction and processing. ASM can involve men and women working on an individual basis as well as those working in family groups, in partnerships or as members of co operatives or other types of association. This does not include activities which are criminal, such as trespassing or armed incursions into active mining areas to steal mined or processed materials, or organised schemes...

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