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Fairmined

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premuim 2nd consultation© Nigel Wright

 August 22 2013

Consumers purchase ethically certified gold on the belief they are contributing to making a difference in the mining communities. Only a decent FAIRMINED Premium can ensure that this positive impact really happens. Consultations with the miners clearly indicate the premium is the primary incentive for them to meet the standard requirements and the means by which they can aspire to attain their developmental goals to provide a better life for themselves and their families.

We are currently reviewing the FAIRMINED model to make it more cost-effective. Rather than lowering the premium and reducing the development impact for the miners, ARM is exploring alternatives to lower the costs of participating in the FAIRMINED supply chain:

  • ARM will not be charging licensees for the use of the FAIRMINED label. We are replacing the costly licensing fee with a lower FAIRMINED Development Fee, envisaged to be between $500-$700 USD/kg of certified gold.
  • FAIRMINED will explore partnerships with other responsible supply chain initiatives, to look into possibilities of lowering the systemic costs by recognizing relevant audits.
  •  We will add a flexible “Incorporating FAIRMINED Supply” model. This is a measure being introduced to reduce associated costs estimated at 2-3% and allow for the flow of larger volumes to be incorporated into purchasing policies.

Before significantly reducing the premium, all other alternatives should be exacerbated. We invite you to read the explanatory document “FAIRMINED Premium rationale and alternative cost-effective changes to the FAIRMINED model” and participate in the standard consultation to share your views on this topic

 

News

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    • ©SAM
      February 25th 2015

    • For the first time ever an artisanal and small-scale mining organization outside of South America has reached Fairmined Certification. The Mongolian NGO XAMODX now joins the,... Read more

News

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    • ©ARM
      February 12th 2015

    • Today our brand new Fairmined Website is going live. Find all you need to know about the Fairmined Initiative: See how the supply chain works, learn how to get involved and... Read More

News

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    • ©INER
      February 3rd 2015

    On February 2nd was aired the radio program of the Institute of Regional Studies (INER) "Saberes para contar", this time focused on the issue of the formalizing of the...  Read More

Blog

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  • From October 19 to 24 was held in Geneva the Annual Intergovernmental Forum on Mines, Minerals, Metals and Sustainable Development... Read more

Somos tesoro

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  • To support the efforts of Colombia in reducing child labor and the promotion of safe work in small mining ...  Read more 

ARM in West Africa

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  • In April 2013 ARM joined the United Nations Industrial Development Organization to implement a three year project which will bring responsible ... Read more

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ARM in the media

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Todays gold price

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Our Vision

Our vision is to transform the ASM in a formalized, organized and profitable activity that uses efficient technologies and is socially and environmentally responsible; that it progressively develops within a framework of good governance, legality, participation and respect for diversity;
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      +57 (4) 332 47 11

       

      Calle 32 B SUR # 44 A 61
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