Lack of Transparency and Corruption

The informal and decentralised nature of artisanal mining facilitates rampant corruption and illicit activities, including gold smuggling and black-market trading. Without robust traceability mechanisms, illegal operators thrive, severely limiting government revenue from taxes and fees. According to international reports, corruption in mining sectors globally results in billions of dollars in lost government revenue annually. This corruption is also frequently linked to environmental destruction and human rights abuses.

Addressing these deep-rooted challenges requires disruptive and innovative solutions that can transform how artisanal mining operates financially and also enhance the living standards of rural communities to bring them to the up-front of society. Additionally, industry transparency, sustainability, and community empowerment can all benefit.