The production clusters in the mining and extractive industry mainly consist of gold, oil, bauxite and kaolin. The mining sector substantially contributes to the economy in terms of exports, infrastructural development, creation of employment and economic growth. However, the government revenues are marginal compared to the export proceeds as becomes evident from the graph below. This must change in the new planning period. The government is in favour of a regulated and responsible expansion of the mining industry, including an improved regulation of the informal gold-mining activities. The mining policy is aimed at the preparation and adoption of legislation for the minerals institute and the mining act. The preparations of the minerals Institute will be substantiated in this planning period. The goal is to merge the Geological Mining Department (GMD), the BIS and the Suriname Gold Sector Regulation Commission (OGS - Dutch abbreviation). Graph VI.1.1 Government revenues versus export proceeds mining sector 2005-2016 A successful extensive inventory has already been made of minerals and geological maps of the south border of Suriname, in cooperation with the government of Brazil and Austria. Increasing the transparency and reporting about the income and expenses from the mining sector will also be worked on. In this context, Suriname will join the Extractive Industries Transparency Initiative (EITI). The EITI standards will be laid down in the new act.