economic report on gold mining

Report: What are the social and economic impacts of gold

The World Gold Council (WGC), a market development organization for the gold industry, has released a new report on the social and economic impacts of gold mining and its implications for growth and development.. The findings show the gold industry directly contributed $83.1 billion to the global economy in 2013 through their production activities and expenditure on goods and services.

Gold Development Gold and the Economy World Gold

Gold and the economy. Gold mining is a major economic driver for many countries across the world. Well-managed, transparent and accountable resource extraction can be a major contributor to economic growth due to the creation of employment and business opportunities for local people.

The social and economic impacts of gold mining — yourSRI

Focusing on the impacts of large-scale commercial gold mining, this report builds on previous studies commissioned by the World Gold Council to provide an understanding of the socio-economic impacts of the gold mining industry at a global, national and host community level. In doing so, this report seeks to facilitate more effective dialogue between companies, governments, citizens and civil

The gold industry in 2019 McKinsey

01/04/2019· The gold industry today finds itself at an inflection point between the recent era of cost-out initiatives and balance sheet deleveraging, and an increasing need to focus on growth and the replenishment of depleting gold reserves. However, after a period of impairments, write-downs, and value destruction following the M&A frenzy of the last gold price boom, shareholders in search of

Economic Contribution

An Au-thentic Opportunity:The Economic Impact of a New Gold Mine in Ontario (2014 study on the economic impacts of a representative gold mine in Ontario). Mining: Dynamic and Dependable for Ontario's Future (2012 Economic Contribution Study) see the accompanying infographic and PowerPoint presentation, which illustrate some of the key findings from the study.

Africa Review Report on Mining Sustainable Development

ECONOMIC AND SOCIAL COUNCIL Original: ENGLISH ECONOMIC COMMISSION FOR AFRICA Committee on stone Security and Sustainable Development (CFSSD-6)/Regional Implementation Meeting (RIM) for CSD-18 Sixth Session Addis Ababa, Ethiopia 27-30 October 2009 Africa Review Report on Mining (Summary) E/ECA/CFSSD/6/7 i Contents 1. Introduction .. 1 2. The mining sector in Africa

Economic Contributions of Artisanal and Small-Scale Mining

The Economic Contributions of Artisanal and Small-Scale Mining in Uganda: Gold and Clay iii jobs, almost half of which are held by women. This includes approximately 40,000 stone in gold mining and 93,000 stone in clay and clay stone production. • ASM is economically significant to an estimated 5 million Ugandans. Expenditures of ASM

Africa Review Report on Mining (Executive Summary)

Management, Mining, and A Ten-Year Framework of Programmes on Sustainable Consumption and Production (SCP). 3. This executive summary draws from the Africa Review report on mining which was prepared by ECA for the Africa Regional Implementation Meeting (RIM) for CSD-18. The review was primarily based on paragraph 46 of the JPOI and included

The direct economic impact of gold

This report is both ground-breaking in scope and timely in its analysis. It addresses, for the first time, the direct economic impact of gold on the global economy, and does so in a way which is objective in stance and rigorous in its treatment of complex data. The report is unique in looking at an entire value chain, including gold mining

Global Report on Artisanal and Small-Scale Mining

4 Global Report on Artisanal & Small-Scale Mining The report focuses on the major issues in ASM and how the sector may best contribute to sustainable development; therefore special focus is given to the different practical experiences and case studies that have been carried out by assistance programs to the ASM sector during the last ten years. The second chapter deals with the different

Financial Reporting in the Global Mining Industry

•A gold price of $300 per ounce has been used to determine reserves. In the base metals mining sector, we looked at ten major companies. CODELCO, CVRD and Norilsk Nickel do not provide any disclosure of reserves in their annual reports. Of the seven that provide disclosure, information on proven and probable reserves is again largely

Mine 2018 PwC

Source: PwC analysis, Annual reports PwC Mine: Tempting times 2018 3. by global economic growth PwC Mine: Tempting times 2018 6. We have been here before! The Top 40’s performance reflects the cycle upswing The Top 40’s performance confirms the upswing in the cycle. Around a decade ago, miners faced a declining price environment with a corresponding drop in revenue, EBITDA

ENVIRONMENTAL AND HEALTH IMPACTS OF MINING IN

The social and economic impacts of gold mining: report

The social and economic impacts of gold mining report builds on previous research, including studies by the World Gold Council, to provide an understanding of the socio-economic impacts of the commercial gold mining industry at both a global, national and host community level. The report’s analysis of the impacts of large-scale commercial gold mining in 47 gold producing countries

The social and economic impacts of gold mining

The social and economic impacts of gold mining 70 % of total expenditures by gold mining companies are on payments to suppliers, contractors and employees.

Risks and opportunities for mining assets.kpmg

2 Risks and opportunities for mining 2019 MG International Cooperative “MG International”. MG International provides no client services and is a wiss entity with which the independent member frms of the MG network are affliated. Top 10 risks in mining Macro financial risks Permitting risk Community relations and social license to operate Economic downturn/uncertainty Access to capital