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, Luxembourg, Norway,
Sweden, Netherlands 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 is set at 95 percent LMBA + Fairtrade Premium of 15
percent; silver is 95% 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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