What is Fairmined?
Fairmined is an assurance label that provides certification to artisanal small scale gold mining organisations that have reached the standard requirements for responsible mining practices. Fairmined works with and supports mining organisations through this process.
Fairmined certified mining organisations are paid fair wages plus a premium to invest in the mining community.
The Fairmined certification assures that the gold and associated precious metals produced from the certified mine have been mined through environmentally responsible, socially just and safe practices. Learn more about the Fairmined certification process for miners in the FAQ section of the Fairmined site.
The Fairmined Initiative was created by the Alliance for Responsible Mining (ARM), a non-profit organisation globally recognised as a pioneer of responsible artisanal and small-scale mining, which ensures that Fairmined certified mines continually meet the Fairmined standards. ARM also distributes licenses to and audits authorised Fairmined suppliers to ensure the transparency of the Fairmined Gold supply chain.
Why ARM works with Artisanal Small-Scale Mines
Approximately 10+ million miners and their families depend on artisanal small-scalemining worldwide, though it is largely a poverty driven activity.
Artisanal miners can face some very difficult and dangerous working conditions and in worst cases,
child labour, environmental destruction, unsafe use of mercury and chemicals, accidents and fatalities, economic exploitation, and the fuelling of conflict can be found.
Artisanal miners generally lack access to resources such as training, clean and efficient technology, and working capital, with little or no state support, often being located in remote areas where they are marginalised.
For these reasons, Fairmined believes the biggest positive impact to be made in the gold industry will be achieved by working with artisanal miners. Fairmined allows jewellers to be a part of this positive solution while also adding value to their business, brand, and jewellery.
Fairmined Licensees have the option of sourcing Fairmined certified gold or silver under the three sourcing models;
- Fairmined Labelled, which offers the option to use the Fairmined mark on finished products,
- Fairmined Incorporated, or
- Fairmined Certificates.
Each model has different conditions for the traceability of purchased Fairmined metal and use of the Fairmined label.
Licensees can purchase Fairmined metals from authorised suppliers to make and sell products. Additionally, as a licensee you have access to the Fairmined term for promotional use which provides assurance for your customers and adds value to your products.
You can also work with Fairmined through a strategic partnership with ARM. This involves identifying how both parties can benefit from the skills, experience, and expertise of the other and working together in a mutually beneficial relationship that is based on an alignment of values and goals.
The annual fee for Fairmined licensees is $60 USD. The cost of Fairmined Certified gold or silver purchased from Authorised Suppliers has the Fairmined Premium and Development fee included.
The Fairmined Premium paid to the mining organisation which helps to support their development goals is 4 USD/g gold, 0.1 USD/g silver, or 6 USD/g eco gold. For examples of how the Fairmined Premium is changing the lives of miners and communities, take a look at the Fairmined Premium Impact Report and the Fairmined Premium Use in 2016.
The Development Fee paid to ARM helps to ensure the sustainability of the certification system and is 0.70 USD/g gold (for Fairmined Labelled). For further information on the development fee you can reference this explanatory document.
The Premium and Development fees are usually integrated into the price of the metal, however, authorised suppliers may choose to itemise them on your invoice. Interested applicants should consult the Guidelines for Fairmined Licensees.
To purchase Fairmined metals, consult our list of Fairmined Metal Suppliers for options.
Banner and logo image Credit: Fairmined