The African Gold & Minerals Information Center (AGIC) monitors and analyzes the latest global studies and reports related to natural resources, especially the mining sector, to provide updated information that supports decision-makers and investors. In this context, AGIC offers a summary of the World Bank’s September 2024
“Achieving Sustainable and Inclusive Artisanal and Small-Scale Mining: A New Framework for World Bank Support.”
Key Statistics from the Report:
- 45 million people are directly employed in artisanal and small-scale mining (ASM), with 270 million individuals benefiting indirectly.
- 20% of global gold production originates from ASM operations.
- 12% of global cobalt production, crucial for batteries and clean technologies, depends on ASM.
- 80% of gemstones, including emeralds and sapphires, come from artisanal mining.
- 25% of the world’s tin and tantalum production, essential for the electronics industry, is sourced through ASM.
International Support and Funding:
- The World Bank has invested over $320 million in the ASM sector since the 1980s.
- Total global funding for ASM amounts to approximately $1 billion, distributed across 318 projects worldwide.
- Africa accounts for 53% of these projects, reflecting the strategic importance of developing ASM on the continent.
Key Recommendations for Policymakers and Countries:
- Sector Regulation: Develop legal frameworks to integrate artisanal mining into the formal economy.
- Stimulating Finance and Investment: Facilitate access to formal financing and encourage international investment.
- Improving Working Conditions: Provide training and technical support to enhance health and safety standards.
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