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Artisanal gold supply chain: Measures from the Ecuadorian Government

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  • Thomas, Maxim J.
  • Veiga, Marcello M.
  • Marshall, Bruce G.
  • Dunbar, W. Scott

Abstract

•Official Ecuadorian gold production of 6.5 tonnes in 2018 appears low due to large illegal exports.•The Central Bank of Ecuador (CBE) bought 2.27 tonnes of gold in 2018 through its two offices in Sangolqui and Machala.•The CBE started buying gold from artisanal miners in 2016 at the LME gold spot price with no deductions.•Bureaucracy by the Ministry of Mines to legalize artisanal miners is still the main hurdle to improve the CBE program.•Miners with small production cannot afford to travel to sell their gold at CBE offices or undergo the formalization process.

Suggested Citation

  • Thomas, Maxim J. & Veiga, Marcello M. & Marshall, Bruce G. & Dunbar, W. Scott, 2019. "Artisanal gold supply chain: Measures from the Ecuadorian Government," Resources Policy, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:jrpoli:v:64:y:2019:i:c:s0301420719304878
    DOI: 10.1016/j.resourpol.2019.101505
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    References listed on IDEAS

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    1. Spiegel, Samuel J. & Agrawal, Sumali & Mikha, Dino & Vitamerry, Kartie & Le Billon, Philippe & Veiga, Marcello & Konolius, Kulansi & Paul, Bardolf, 2018. "Phasing Out Mercury? Ecological Economics and Indonesia's Small-Scale Gold Mining Sector," Ecological Economics, Elsevier, vol. 144(C), pages 1-11.
    2. Childs, John, 2014. "A new means of governing artisanal and small-scale mining? Fairtrade gold and development in Tanzania," Resources Policy, Elsevier, vol. 40(C), pages 128-136.
    3. Adler Miserendino, Rebecca & Bergquist, Bridget A. & Adler, Sara E. & Guimarães, Jean Remy Davée & Lees, Peter S.J. & Niquen, Wilmer & Velasquez-López, P. Colon & Veiga, Marcello M., 2013. "Challenges to measuring, monitoring, and addressing the cumulative impacts of artisanal and small-scale gold mining in Ecuador," Resources Policy, Elsevier, vol. 38(4), pages 713-722.
    4. Siegel, Shefa & Veiga, Marcello M., 2009. "Artisanal and small-scale mining as an extralegal economy: De Soto and the redefinition of "formalization"," Resources Policy, Elsevier, vol. 34(1-2), pages 51-56.
    5. Francis M. Bator, 1958. "The Anatomy of Market Failure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(3), pages 351-379.
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    Cited by:

    1. Fatih Aranoglu & Tulay Flamand & Sebnem Duzgun, 2022. "Analysis of Artisanal and Small-Scale Gold Mining in Peru under Climate Impacts Using System Dynamics Modeling," Sustainability, MDPI, vol. 14(12), pages 1-21, June.
    2. Cano, Álvaro & Kunz, Nadja C., 2022. "Large-scale and small-scale mining in Peru: Exploring the interface," Resources Policy, Elsevier, vol. 76(C).
    3. Carlos Mestanza-Ramón & Robinson Ordoñez-Alcivar & Carla Arguello-Guadalupe & Katherin Carrera-Silva & Giovanni D’Orio & Salvatore Straface, 2022. "History, Socioeconomic Problems and Environmental Impacts of Gold Mining in the Andean Region of Ecuador," IJERPH, MDPI, vol. 19(3), pages 1-21, January.

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