Perspectives on Mercury Use in Artisanal Gold Mining
This study focuses on the environmental and economic impacts of mercury use in artisanal and small-scale gold mining. It highlights the need to address the challenges associated with mercury usage and proposes opportunities for sustainable practices. Financing for transitioning to safer alternatives is identified as a major obstacle, with potential solutions discussed.
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ENVIRONMENT FOR DEVELOPMENT PERSPECTIVES: MERCURY USE IN ARTISANAL AND SMALL-SCALE GOLD MINING Presented by: Usman Tariq
INTRODUCTION Title: Environment for Development Perspectives: Mercury Use in Artisanal and Small-scale Gold Mining Purpose Identifying the gaps and learning priorities Finding models for scaling up solutions that work. Status The paper is in the initial stages and will be made available for comments in the second week of July.
MOTIVATION FOR THE STUDY A new gold rush!? ASGM as provider of livelihood Opportunity for poverty alleviation Link between development and ASGM (Examples of Western Coast of North America, Australia and South Africa). Health, environment and social problem related to the sector
ECONOMICS PAPER AIMS TO CONSIDER ALL ASPECTS OF ASGM Paper on Technical Alternatives Paper on Formalizatio n Paper on Financing (to be developed) Economics Paper
WHAT IS NEW IN THE STUDY Articulation of negative health, environment and financial impacts of mercury use in economics language Updated statistics Poverty Reduction Strategic Papers New case studies (open to doing more)
OPPORTUNITIES IDENTIFIED The outlook of gold Growing ESG (Environment, Social Governance) risk awareness in the mining sector New Corporate Social Responsibility (CSR) awareness in the mining sector New market creation mechanisms to differentiate gold sources.
FINANCING IS A MAJOR CHALLENGE Mercury is cheap and trusted in the process of gold amalgamation. Lack of access to credit for miners Lack of finance at the national level for investing in sustainable artisanal and small-scale mining livelihoods
SOME OPTIONS FOR FINANCING THE TRANSITION Multilateral and bilateral funding sources (GEF, SAICM, SDC etc) National sources of finance (national budget) Multilateral/bi-lateral sources for national programmatic and project development Capturing windfall gains from formal gold resource exploitation for the longer term Access to credit Public Private Partnerships Microfinance Scaling up solutions that work
Question: What projects represent model financing techniques?
