Economical-Social Policy & the Auriferous Mining

With the loss of acquisitive power of the currency in many developing countries, automatically, the citizenship, the political parties and the government of such countries must place their attention on gold, promoting an execution of an economic realistic policy, that would make the increment of the production of gold of the mines and washers possible, as they have already been doing in other countries. Evidently, it requires a change of mentality in all the people which in one way or another are intervening in the economic and social development of such countries.

To establish objectives, goals and lines of mining policies, it is convenient to know the mining realities of such countries and the technological advances of the mining world.

Almost all the mining production of gold is channeled through the Central Reserve Bank.

Many of these developing countries also import gold through the system of temporary admission which allows the supplying of the workshops of the jewelry exporters, in one country in particular, these jewelry exporters during one year exported jewels for the price of 28 million dollars approximately, having imported 3,000 kilos of gold. The temporary admission is put into effect due to the fact that there is a lack of gold coming from the mines, applied as in other countries that do not have gold mines, as is the case of Italy. Nevertheless, this system has the following disadvantages:

• Sales prices which are subject to the client, that sends the gold to the developing countries.
• Commitment to external fabrication plans.
• Technological standstill.
• Loss of opportunities of other markets that should open with these countries in development’s gold

As we have seen when starting this topic, all the countries that had signs of minerals of gold have incremented their production more than five to ten times. For example, in Australia, they have opened more than fifteen mines that each produce more than one ton per year.

At the same time, many countries continue opening new mines of gold. 100% of the increment of the production is due to private investments.