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Environment for Development Perspectives: Mercury Use in Artisanal and Small-scale Gold Mining

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

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Environment for Development Perspectives: Mercury Use in Artisanal and Small-scale Gold Mining

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  1. Environment for Development Perspectives: Mercury Use in Artisanal and Small-scale Gold Mining Presented by: Usman Tariq

  2. 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.

  3. 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

  4. ECONOMICS PAPER AIMS TO CONSIDER ALL ASPECTS OF ASGM

  5. 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)

  6. 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.

  7. 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

  8. 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

  9. Question: • What projects represent model financing techniques?

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