World Banks Gold Mining Policies

Policy Approaches to Climate Change in Mineral Rich …

"Policy Approaches to Climate Change in Mineral Rich Countries: Background Paper for Building Resilience: A Green Growth Framework for Mobilizing Mining Investment." Washington, DC: World Bank.

Central banks commit to supporting responsible

LONDON, 12 June, 2024 - The World Gold Council (WGC) announced today that four central banks have committed to signing 'The London Principles.' This is a set of operating principles to help structure and formalise Central Bank Artisanal and Small-Scale Gold Mining Domestic Purchase Programmes (ASGM DPP).

Central banks commit to supporting responsible

ASGM DPPs offer a route to help bring responsible artisanal and small-scale gold miners into the formal supply chain. Around the world, some central banks have launched these programmes to buy gold produced by domestic artisanal and …

A Central Banker's Perspective: Central Bank of Ecuador's gold

The Central Bank's gold commercialisation program focuses on eight strategic goals: To promote good environmental practices in the minerals supply chain (environmentally friendly mining) ; To ensure adequate due diligence to prevent illegal activities; To support the formalisation of small-scale mining operations through the CBE's gold acquisition program

Sharing Mining Benefits in Developing Countries

Mining projects in developing countries are increasingly expected to deliver sustainable benefi ts to local, regional, and national stakeholders.

Central Bank Domestic ASGM Purchase Programmes

Executive summary. Gold is the third most widely held reserve currency after the US dollar and the euro, and is held by more than four in five central banks. 3 Not only does gold satisfy the three core principles of reserve management – safety, liquidity and returns – it is also an apolitical asset, which carries no credit risk and is no one's liability.

Mining Royalties

The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions

Achieving Sustainable and Inclusive ASM: A Renewed

The World Bank's new approach, articulated in a new report, Achieving Sustainable and Inclusive Artisanal and Small-Scale Mining (ASM): A Renewed Framework for World Bank Engagement, champions the professionalization and social well-being of artisanal and small-scale miners, …

Responsible Gold Mining Principles | World Gold Council

The Responsible Gold Mining Principles (RGMPs) TM are a new framework that set out clear expectations for consumers, investors and the downstream gold supply chain as to what …

Gold looks good on Trump tariffs, tax cuts

Donald Trump's presidential win is likely to be gold positive in the medium term, according to John Reade, chief market strategist for the World Gold Council. Gold looks good on Trump tariffs ...

Mining

The World Bank has supported 39 mining sector reform projects in 24 countries since 1988. The reforms have contributed to an increase in investment in the mining sector and related …

Achieving Sustainable and Inclusive ASM: A Renewed

World Bank's New Framework to Boost Sustainable and …

WASHINGTON, Sep. 19, 2024 —The World Bank today unveiled a bold new vision to unlock the full potential of Artisanal and small-scale mining (ASM) to drive economic growth, boost …

Responsible Gold Mining Principles | World Gold Council

The Responsible Gold Mining Principles (RGMPs) TM are a new framework that set out clear expectations for consumers, investors and the downstream gold supply chain as to what constitutes responsible gold mining.

Climate-Smart Mining Initiative

The Climate-Smart Mining Initiative will help resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimizes the environmental and climate footprint.

The World Bank's Evolutionary Approach to Mining …

It expands beyond the World Bank's mining sector work in IDA countries to cover the development of the Bank's approach to the ... Gas, and Mining Policy Unit for their helpful comments and provision of information. Clive Armstrong contributed the section on the Extractive Industries Review. A special thanks goes to Esther Petrilli-Massey ...

World Bank Document

The World Bank Report No.: 26197 PROJECT PERFORMANCE ASSESSMENT REPORT ... SGMC State Gold Mining Corporation SSM Small-scale mining TA Technical assistance Fiscal Year ... to help develop improved directions, policies, and procedures through the dissemination of lessons drawn from experience. As part of this work, OED annually assesses about ...

World Bank Document

2.1 Gold mining drivers 6 2.2 Copper mining drivers 7 2.3 Iron ore mining drivers 8 ... Aguilar (Senior Mining Specialist, World Bank) who co-lead the ELLED Program. ... Case Studies (this report), and Policy Approaches to Climate Change in Mineral Rich Countries—and an overview report on Building Resilience: A Green Growth

MINING SECTOR DIAGNOSTIC PERU

(MSD) from the World Bank. This tool provides a comprehensive assessment of current regulations and policies in the mining sector and the gap between policy and practice. It is a systematic, practical assessment that provides data-driven, evidence-based conclusions. It also offers a structured analysis of the perspectives of the three

World Gold Council: African Central Banks Purchase Gold in …

In recent years, central banks in several African nations, including Nigeria and Ghana, have started gold-purchasing programs. These programs boost foreign exchange reserves and aim to address a problem that has cost governments $435 billion in 2022. In a November 18 report, the World Gold Council (WGC) urges the G7,...

Climate-Smart Mining Initiative

World Bank's New Framework to Boost Sustainable and …

Mining reform and the World Bank: providing a policy …

In the last 25 years, the world's minerals industry has undergone a major transformation as it has increasingly come to operate in a new, more open economy. Initially, .

World Bank's New Framework to Boost Sustainable and …

WASHINGTON, Sep. 19, 2024—The World Bank today unveiled a bold new vision to unlock the full potential of Artisanal and small-scale mining (ASM) to drive economic growth, boost development, and reduce poverty in developing countries.The sector, which supplies minerals essential for the global clean energy transition, continues to grapple with significant …

Central Banks | World Gold Council

A new mining law in Tanzania, effective 1 October, requires all gold mining companies and exporters to allocate at least 20% of gold for sale to the country's central bank. 7 This policy aims to help the central bank further diversify its international reserves. The Bank of Tanzania began buying gold domestically in the previous financial year (to June), …

Central banks commit to supporting responsible

ASGM DPPs offer a route to help bring responsible artisanal and small-scale gold miners into the formal supply chain. Around the world, some central banks have launched …

Sharing Mining Benefits in Developing Countries

Sharing Mining Beneﬁ ts in Developing Countries—The Ex-perience of Foundations, Trusts, and Funds, is a product of the World Bank's Oil, Gas, and Mining Policy Division (SEGOM). The task team comprised Remi Pelon (Task Team Leader), Gary McMahon (Senior Mining Special-ist), and Gotthard Walser (Lead Mining Specialist).

GOLD INVESTING HANDBOOK FOR ASSET MANAGERS

FIGURE 1. CENTRAL BANK NET GOLD PURCHASES AND SALES Source: Bloomberg, World Gold Council. Two main factors may explain recent increase in gold purchases by central banks. First, gold is viewed as a safe haven and desirable asset during times of economic, financial, and geopolitical uncertainty as well as a portfolio diversifier.

Mining

The World Bank has supported 39 mining sector reform projects in 24 countries since 1988. The reforms have contributed to an increase in investment in the mining sector and related economic indicators such as exports, fiscal revenues and gross domestic product (GDP) in most recipient countries. The critical next steps are promoting policies and ...

GOLD INVESTING HANDBOOK FOR ASSET MANAGERS

Initiatives such as the LBMA's Responsible Sourcing Program (RSP) and the World Gold Council's Responsible Gold Mining Principles (RGMP) aim to promote sustainable and ethical …