The most important questions about the use of recycled gold. Is recycled gold really recycling? Where and under which circumstances was recycled gold mined? Is recycled gold climate neutral and environmentally friendly? Has recycled gold a social impact? Is less gold being mined due to the recycling of gold?
The Fairmined and Fairtrade standards cover four core areas that have proven essential to promote the sustainable development of mining organizations and their communities.
More than 150 million people depend on mining. The demand for gold is constantly increasing, and recycled gold, at about 23 % does not even cover a quarter of it.
The SOTRAMI gold mine in Santa Filomena has been the first Fairtrade-certified mine in Peru since 2011. The Fairtrade premiums have already been used to build a health center and renovate the village school.
The price of gold is high: Gigantic areas of tropical rainforest are being cleared, countless people are being displaced, toxic waste is being dumped into rivers and groundwater is being contaminated. Did you know that one gold ring alone causes over 20 tons of toxic waste?