An Innovative Sustainable Mining Scheme Analysis

 Introduction

From a generalized point of view the green gold program brought about structural and operational changes to the traditional gold mining and production that rejuvenated the industry in the area. Through the collaborations made by the residents and social entrepreneurs, the green gold program opened new commercial channels and developed the social capacity of the region’s inhabitants. The report describes a detailed review of the green gold as an innovative mining scheme case and breaks it down into several key fields.

Economic value of green gold

It is imminent that the communities that participated in the Oro Verde program benefitted from the initiative through modernization of the artisanal and small-scale mining (ASM). The initiative also brought about economically viable and environmentally sustainable mining practices. As indicated earlier in the text the Green Gold program bent the rules and raised the standards of the ASM industry in Colombia that resulted in increased productivity and sales. The program builds its capacity every year. 

Challenges faced by green gold and solutions

The ultimate objective of the scheme is to manage the social, environmental and economic impacts of ASM industry while ensuring that it benefits its members. Even though Oro Verde over time experienced and is still enjoying success, the scheme faces several challenges. The first challenge is the need for more working capital to boost the production in the mining process in communities. Funding of the Scheme is a big challenge as the organization needs to reach a level where it can sustain its operations without funding from external sources. The organization needs to start by generating more income to provide better conditions for its stakeholders. The second problem lies in the lack of appropriate technology. The effective growth of the business depends on the introduction of new technology that betters the production in the industry. The introduction of new technology allows the extraction of larger amounts of gold while reducing the workload for the miners. The system requires designing manual or electrical tools and machines that help in the extraction process. The third problem arises from the considerable levels of informal artisanal mining that make the mining process difficult. These factors, as well as the medium scale mining activities, form barriers to legislation. The program can tackle the problem to produce an effective mining code that ensures there is effective mining in the industry by collaborating with the government.

Merits of investing in green gold

I find investing in the program highly recommended after a detailed review of the Green Gold—An Innovative Sustainable Mining Scheme. Investing in the scheme provides a broad range of opportunities for a prospect. I will be assured of the ready market for my products if I invest with Green Gold because of the following reasons. The initiative created credibility transparency and legitimacy to the industry that attracts the larger market for the products. It also built a distinct reputation that allows the program to compete in the international market. The Oro Verde scheme has an effective and transparent management system that ensures the initiative produces cost effective products. The management also guarantees that miners receive a fair share of the value of their products. It ensures that members of the scheme I will be subject to fair transactions that bring about growth to my investment. I would invest in the company because the constant increase in the sale volumes is more than convincing of the long-term future of the program.

Advantages of miner membership in green gold

From a miner's point of view, the membership in the green gold program would be a very effective venture. The miners receive the amount commensurate with the weight of their products in relation to the market price and get an additional two percent premium. As a miner, I would maximize on the broad and diverse market provided by the reputation of the scheme. Being a member of the Green Gold program provides afford me as a miner training sessions on the effective methods and practices to increase the extraction process. The green gold program’s board of management has experts and professionals in many fields that contribute to the capacity building and training of the miners and the leaders in the management. I would also join the program because it helps communities protect and gain control of their area that subsequently improves the working conditions of the members. The system also allows miners participation in decision- making which ensures the scheme adheres to the concerns of the members.

Community’s perspective on Green Gold scheme

The invention of the green gold scheme aimed at alleviating the current conditions of the deplorable living conditions of the ethnic minorities in Columbia. Without a doubt, the introduction of Oro Verde impacted the community in many positive ways. The green gold program increases employment as well as the income that subsequently improved the standards of living. The scheme initiated performing projects that modified the social, environmental and economic conditions of the community. The community miners also benefited by getting premium prices from the market for reinvesting in their priorities. The green gold program ensures that the mining program is sustainable hence makes sure that mining utilizes the natural resources healthily. It, therefore, preserves the environment of the community. The project also gave the community dominance over their terrain. In relation to this the green gold project prevented the sale of the resident’s land to large mining industries in an attempt to sustain a living.

  Attractiveness of medium scale mining

Even though, the utilization of artisanal and small-scale mining is vexing in terms of the physical effort required it possesses its merit. Medium scale mining is better than large scale mining because it barely makes any disruptions to the ecological disruption hence creates room for repair for the damage done to the ecosystem. Medium scale mining also does not use toxic chemicals such as mercury and cyanide in the extraction process. Other than ecological merits the application of medium scale mining is economical. Medium scale mining mainly depends on the effort of the workers and simplified technology hence the miners incur a low cost of extraction. It makes it easy for people to invest and operate the method. Medium scale mining does not require complex skills that make training of the miners simple. It also simplifies management of the mining pro.

Carolyn Morgan is the author of this paper. A senior editor at MeldaResearch.Com in write my nursing research paper services. If you need a similar paper you can place your order from essay already written services.