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The illegal trading of high unit value minerals in developing countries

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  • Stephens M Kambani

Abstract

Attracted by the high unit value and low barriers to entry in terms of capital requirements, technology, infrastructure, minimum reserves and implementation time, the artisanal and small‐scale mining of high unit value minerals, such as gemstones, diamonds and gold, has grown to significant proportions in developing countries. This is manifested by the value of output and large numbers of miners engaged in this activity. Despite the expansion of the subsector, its national economic role in many developing countries has largely been disappointing, primarily due to high levels of illegal trading activity. The objectives of this paper are to identify major factors responsible for the declaration problem. The economic impact of such activities is pointed out. To conclude the discussion, options are presented that provide a basis for eliminating illegal marketing practices and thereby strengthening the economic role of the subsector in meeting national development objectives of developing countries.

Suggested Citation

  • Stephens M Kambani, 1995. "The illegal trading of high unit value minerals in developing countries," Natural Resources Forum, Blackwell Publishing, vol. 19(2), pages 107-112, May.
    • Handle: RePEc:wly:natres:v:19:y:1995:i:2:p:107-112
    DOI: 10.1111/j.1477-8947.1995.tb00598.x
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    References listed on IDEAS

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    1. G.W. Walrond, 1986. "Small Gold Mines — The Production and Declaration Problem: Another Dilemma for a Small Developing Country," Natural Resources Forum, Blackwell Publishing, vol. 10(4), pages 343-349, November.
    2. Mr. Jonathan David Ostry & Mr. Peter J Montiel, 1993. "Real Exchange Rate Targeting in Developing Countries," IMF Policy Discussion Papers 1993/002, International Monetary Fund.
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    Cited by:

    1. Hilson, Gavin, 2020. "The ‘Zambia Model’: A blueprint for formalizing artisanal and small-scale mining in sub-Saharan Africa?," Resources Policy, Elsevier, vol. 68(C).

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