There are many aspects to formalization of the sector. Producers, for example, can obtain a better price for their output by being able to deal with more formalized intermediaries. Governments, in turn, are more likely to receive tax revenues to support development efforts. Formalization can also provide a focal point for work to improve the sector’s safety and environmental practices. It offers the potential to integrate producers’ co-operatives into national credit schemes – much needed if the sector is to gain access to improved, environmentally friendly technologies that eliminate the current reliance on mercury to amalgamate gold.
http://www.bus-ex.com/article/alliance-responsible-mining
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