Better Gold Initiative to be widened

A Swiss-sponsored responsible mining initiative for artisanal gold miners is to be extended to Colombia and Bolivia. It is currently being carried out in Peru. The confirmation of the move came as the results of a report into the first three years of the project were presented in Bern on Friday. The Better Gold Initiative for Artisanal and Small-Scale Mining (BGI) was set up as a public-private project. It is supported by the State Secretariat for Economic Affairs (SECO) and the Swiss Better Gold Association, made up of leading players in the gold supply chain: refiners, watchmakers, jewellers and financial institutions. Switzerland is an important player in the gold trade, being home, for example to four of the six largest refineries worldwide. The idea of the BGI to improve the situation for artisanal miners. The aim is to develop a market for gold from certified mines, respecting internationally-recognised sustainability standards. First phase “The first phase ...

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