Fairmined– Gold that Gives Back

By Constance on August 8, 2017 at 2:56 pm

Need a little cheering up? Just look down at that certified Fairmined gold ring on your finger. We spent a little free time getting down with the annual report to see the improvements from money collected for the reinvestment in Fairmining communities. Here’s a small breakdown of where your support went.

Aug 8_Fairmined_Pride_Casting_grains

 

  • Aurelsa (Peru) focused its investment on geological and environmental studies, which allowed to include more artisanal miners in their mining concession.
    The certified mining organizations of La Llanada (Colombia), used the Premium to buy highly expensive safety equipment, which would have been impossible to acquire without this financial resource. The cooperative also invested in its workers and the community with the creation of a fund and a bonus for the mine workers to improve their houses.

Aurelsa Mine_Peru_2

 

  • Sotrami (Peru) invested in the construction of treatment plants for residual water in the mine, a water pump for the mining community and improvements in the living area for their workers. Furthermore, they supported the local educational facility and bought protection equipment for the women’s mineral sorting Association “Nueva Esperanza”.

  • In Iquira (Colombia), the Premium helped to finance the management system for occupational health and safety, environmental mining studies and loan funds for unexpected events. It was also used to support educational and religious facilities.
  • The certified mining organizations of La Llanada (Colombia), used the Premium to buy highly expensive safety equipment, which would have been impossible to acquire without this financial resource. The cooperative also invested in its workers and the community with the creation of a fund and a bonus for the mine workers to improve their houses.

Coodmilla Mine_1_Fairmined

 

“Responsible mining means doing fair mining with nature, that doesn’t work with violence or forces us to work. Here we don’t use mercury or cyanide, we do reforestation and we work hard to not contaminate the water. It’s all about making things grow”. – Henry Guerrón, Chief at Coodmilla Mine.

Information was provided by the Alliance for Responsible Mining (ARM) annual report. ARM established the Fairmined Standard and is a leading expert on small-scale and artisanal mining. They set standards to make sure that the miners and their families and communities are economically and socially improving while staying environmentally responsible.

Explore the annual reports on Fairmined Gold reinvestment here.

 

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