Recognition of the Fairmined Initiative has been growing exponentially over the past two years. Proof of this are the latest accomplishments: After Fairmined Gold being used for important international events and awards such as the Nobel Peace Prize and The Cannes Film Festival with the Palme d’Or, Fairmined Gold surprises again by being part of the Olympic Games Rio 2016 with the Olympic Laurel. Another milestone is $1 million US Dollars in Fairmined Premium that has been paid to artisanal and small-scale mining organizations as compensation for their commitment with responsible mining practices.
These two achievements reflect the main objectives why the Fairmined Standard was created: To improve the lives of miners and their environmental and social practices; and to enable actors in the gold industry to engage with the artisanal and small-scale mining (ASM) sector in a positive way, providing access to certified gold via traceable supply chains which promotes responsible mining practices.
ARM thanks all partners and stakeholders who have supported us in generating positive impact in these mining organizations. A special acknowledgment to the Inter-American Development Bank (IDB), the Multilateral Investment Fund (MIF) and Swiss watch and jewelry manufacturer Chopard for their support, thanks to these allies we were able to make an impact on this scale.
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