Formalization: optimizing its principles for improving small-scale gold-mining

Abstract

For years, the worldwide gold mining sector has grappled with environmental and social issues, particularly evident in the small-scale operations which are predominant in developing nations. This research examines the incorporation of “Mining Formalization” into a framework for small-scale gold mining, with the goal of suggesting methods that could bolster environmental conservation and social accountability. Concentrating on developing countries where small-scale mining significantly influences local economies, this study investigates the customization of formalization principles to diminish human and environmental harm, by advocating for ethical regulatory frameworks and standards, fostering community development, and achieving the advancement of enforcement and oversight. Employing a multidisciplinary approach, this study adopts a single source systematic search (4S) strategy for its methodology. It then reviewed and integrated geological, environmental, social, and economic viewpoints to frame a holistic set of recommendations that can create significant positive changes when applied as an optimized set of Formalization Standards. Thus, by tackling specific challenges encountered by small-scale gold ventures, this investigation now offers practical insights and advice for policymakers, mining communities, and industry players that can be adopted to cultivate a more sustainable and socially accountable path for small-scale gold mining in developing nations. Envisaging a future where small-scale gold mining can contribute as a positive force for both environmental and local community welfare, this research also endeavoured to optimize its advantages, aligning them with global happenings that are tending toward responsible resource extraction.