The Gold Marketing Chain in Suriname
This study on the gold market is commissioned by WWF‐Guianas, in the context of its Guianas Sustainable Resource Management Project (GSRMP) 2007‐2011. Understanding gold trade markets is important in the context of current efforts by WWF‐Guianas to research possibilities to certify “clean” or “green” gold from Suriname. Such certified gold must be produced in such a fashion that it minimizes damage to the natural environment and respects ILO health and safety standards. We intend to find out to what extend the marketing chain may be controlled so that one can guarantee the quality of certified gold, and what actors in the gold marketing chain must be on board.
In the remainder of this report we will proceed as follows. This introduction will be followed with a brief background on Suriname and its gold sector; particularly intended for readers who are not familiar with this country. After a discussion of the methods used for data collection and analysis, we will present the results in chapters four through seven. Chapter four provides a historic perspective on the Suriname gold market; starting with the first gold rush (1880‐1910) and ending with the early years of the current boom in mining activities (1990s). Next we present an overview of the stakeholders that are active in the Suriname gold market, focusing on their function, mandate, and interests (Chapter five).
Chapter six provides a juridical analysis of the gold market. It exposes the various laws and licenses that are applicable to different players in this market, and explains what actions and procedures are legally justified in the gold trade. In chapter seven we look at the routes of gold entering and leaving Suriname, and the movements of this precious metal within the country. We bring these data together in a visual presentation of international and national movements of gold in the conclusions. This section also synthesizes other findings, and looks at opportunities and possible complications in bringing certified gold to the market. The recommendations contain guidelines to WWF with regards to the marketing of such a certified product. Bulky data are placed in the Annexes. Interesting facts and explanatory notes are places in shaded boxes throughout the text. Finally, gold trading jargon, strange/foreign terms, and abbreviations that are used in this report are placed in the glossary.
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Additional Info
- Author(s)
- M Heemskerk
- Publication Year
- 2010
- Language
- English
- Publishing Institution Webpage
- http://www.wwfguianas.org/
- Data Source Classification
- Program Report
- Research Type
- Both
- Research Methodology
- Primary - INTERVIEW, Primary - SURVEY, Secondary - PREVIOUS RESEARCH, Secondary - OFFICIAL STATISTICS
- Thematic Tags
- Economic, Access to Markets, Market Linkages, Value Addition
- Minerals
- Gold
- Region
- Latin America & Caribbean
- Country
- Suriname
- Last Updated
- October 2, 2019