Fairtrade certified gold is based upon 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

Fulfilling the Fairtrade 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

Organisations will be audited by the independent, international certification body FLO-CERT to ensure they are complying with the standards.

For more information, visit fairgold.orgJ