Auriferous Potential and Production

Auriferous Potential: Even though often developing country it have a lot of gold mining potential and despite the poverty and crisis the country has confronted during specific moments, it remains to have reserves of precious minerals making it a country with a lot of potential. It would be convenient to reflect on this natural resource that throughout centuries, from the Incan, the Colony and the Republic, we have not been able to exploit enough and rationally. There are a good number of articles, books, magazines, and conferences that have brought up this subject. Amongst all these information that can be found regarding this topic, keep in mind that the mining potential still exists and is still there to be extracted. This obviously needs to be rationally exploited and rationalized in order to ensure the best interests of the country.

As far as the potential reserves all around the world, a number of years ago Peru was in the first place, followed by Brazil, Russia, and South Africa, however in production during that time we did not show up amongst the top twenty and this was due to lack of special stimulus, rates, encouraging prices from the Mining Bank, parity will change at the level of the free market and are necessary to stimulate the increase in production of gold.

In the past the Mining Bank amongst others encouraged the development of national auriferous mining, facilitating its loaners and alluvial gold producers small dredges, while forgetting in all this policy stimulus enough development and control of an Auriferous Mining Corporation.

Gold Production: A new law of auriferous production that is made up of enough stimuli for investment and development of auriferous ore, completely up to date according to the previous positions, is something that is indispensable.

It was mentioned that in the past the production of oscillated between four and nine metric tons per year decreasing, while the neighbor country Brazil increased in great numbers mainly due to the gold that comes from placers, the usage of different types of dredges and the individual contribution by the lots in small areas in the prospected zones owned by individual Brazilian miners, which is a situation that should be encouraged by the legislation in a similar way as a promotional measure.

In actuality the national reserve areas just so happen to halt in the best time of prices the promotion and even though the potential is not lost and remains there, the increases of the operative and financial costs, as well as the difficult social-economic situation in places that are further out such as in the mountain range areas and jungle, and the time it takes to get all the mining procedures done, slow down the auriferous enthusiasm as well as increase of production which is a situation that should be resolved in a very short time frame if we want to achieve reactivation of auriferous mining and an in increase in the annual production of the country.

One promotional measure would be made up by technological training for the usage of dredges, as this will open new kinds of auriferous exploitation that is tax free and easy credit in exchange for obtaining of gold at reasonable and fair prices by the Mining Bank or any other that commercializes it.

Simplicity for the renovation of equipment and importing of basic inputs for the metallurgic treatment will in the same way make up a promotional measure, for the exploitation of gold as well as placer gold and alluvial deposits, as well as in the ores of the rivers and slopes that can be found in great numbers is the outlets of the rivers in the coast and they should be encouraged by the departmental corporations of development and in the future by regional governments.

Measures of exception of auriferous mining should be expedited in the frame of an urgent auriferous mining policy, constituting a strategic plan of immediate economic development.

It will constitute as a promotional measure to offer facilities of refinery of gold and give facilities to the mining businessperson, no matter what the size of the company in order to take advantage of the immediate deadline of the favorable market prices.

Finally we also need to add that a good number of years have been lost through the expedition of legislative measures and other stuff related to auriferous mining, believing that the moment has come that concrete steps be taken to bring this out in the short term but in a safe and sure way so that this matter does not have to wait another number of years for us to continue telling ourselves that we would like to take advantage of our riches but can’t cause we are not allowed to even though it is right in front of our faces.