Summary of the Fairtrade and Fairmined Standard for Gold from Artisanal and Small-Scale Mining, including Associated Precious Metals

Achieving Fairtrade and Fairmined 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
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• Have the opportunity to develop long term business relations with their commercial
partners.
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• Can earn an additional Ecological premium when they recover gold through gravity only,
without the use of mercury or cyanide. In addition, they must ensure minimum ecological
disruption and forest restoration from the outset of new operations. The Ecological
premium is calculated as 15% of the applicable LBMA fixing (to be reviewed in 2012).
http://www.responsiblejewellery.com/files/Comparability-Report-for-FT-FM-as-Recognised-Responsible-Mining-Standard-under-RJC-CoC.pdf