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Fairtrade Fairmined Gold
Fairtrade and Fairmined certified gold, the world's first independent ethical certification system for gold, will offer you the guarantee of a product which has been responsibly mined
It's important to know how your most treasured pair of earrings or your showpiece necklace started their journey. Important because all Fairtrade and Fairmined gold is mined from small-scale and artisanal mines in a way that seeks to reduce dependence on harmful chemicals. Good news for mining communities in South America and good news for the people who live and mine there. Look carefully and you'll find the Fairtrade and Fairmined stamp on the inside of every piece.
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A unique partnership, Fairtrade and Fairmined gold certification is the result of a joint effort between Fairtrade International (FLO) and the Alliance for Responsible Mining (ARM), which combined their expertise to enable artisanal and small-scale miners (ASM) to improve their livelihoods.
Through an extensive consultation process the two organisations have developed a set of standards for responsible mining, which the miners have to fulfill in order to get certified. Achieving the certification means that the miners:
- Receive a guaranteed Fairtrade Minimum Price: This is set at 95% of the London Bullion Market Association's (LBMA's), fixing at the FOB export point
- Receive a Fairtrade premium payment, which is democratically reinvested in community projects and improving miners' operations. This is calculated as 10% of the applicable LBMA fixing
- For Ecological Gold (gold extracted without the use of chemicals) this is calculated as 15% of the applicable LBMA fixing
- Develop long term business relations with their commercial partners
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Fulfilling the Fairtrade and Fairmined standard means that certified miners:
- Have developed democratic and accountable organisations and formalised all their operations
- Are using safe working practices including the management of toxic chemicals, such as mercury and cyanide, used in the gold recovery process
- Are respectful with their environment
- Recognize the rights of women miners
(text courtsey of Fairtrade Foundation)
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