Leading Britain Casting Houses Offer Fairtrade Gold

Around the world, small scale mining employs about 15 million miners. As many as 100 million people depend on it for their livelihoods.
·          Fairtrade gold was first launched in 2011 in the U.K. closely followed by launches in Australia, Belgium, Canada, Denmark, Norway, Sweden, Netherlands, Japan and South Korea. Discussions are currently underway to introduce certified gold in the U.S. and Switzerland in the near future.
·          The Fairtrade Minimum Price for pure gold is set at 95 percent of the London Bullion Market Association’s (LBMA) fix plus a Fairtrade Premium of $2,000 per kilogram of fine gold bought from the mines. Platinum: 95 percent LMBA + Fairtrade Premium of 15 percent; silver: 95 percent LMBA + Fairtrade Premium of 10 percent. The LBMA fix is the international agreed price for gold. Artisanal and small-scale miners (ASM) producers in the mainstream get anything from 50 percent to 85 percent of the LBMA fix.
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