Fairtrade International has launched a public consultation on its Standard for Gold and Associated Precious Metals for Artisanal and Small-scale Mining.
The consultation will explore how Fairtrade can best tackle new regulation and legislation in the gold industry.
The aim is for Fairtrade to offer a small but scalable solution to companies looking to source gold from artisanal and small-scale miners that can demonstrate compliance with OECD rules. The rules’ name is “Due Diligence for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas”.
The consultation will run from September 15 to October 17 and the revisions to the standard will be published in December. The process will provide small scale miners and the wider extractives and jewellery industry a chance to input their views on what options should be included in the document.
Greg Valerio, gold and precious metal coordinator for Fairtrade International, said: “This process will ensure that the Fairtrade Standard for Gold, will become even stronger, deeper and more aligned to international conflict-free sourcing protocols, the outcome of which will create more positive opportunities for artisanal and small scale miners and their communities globally and give gold buyers and the jewellery industry the reassurances it needs when it comes to conflict free sourcing regulations.”