Get to know how the Fairmined Premium was invested by the mining organizations in 2018
Since 2014, USD $3.954.544,86 Premium has been paid to Fairmined certified mining organizations
By buying Fairmined Gold, anyone can contribute to the wellbeing of small-scale mining communities
During 2018, USD $1.459.729 Premium was paid to Fairmined certified mining organizations. The Fairmined Premium is an economic incentive that promotes the social, economic and environmental development of certified artisanal and small-scale mining organizations (ASMO). It generates a positive impact in the workers and their families and makes the transformation of their communities a reality.
Each ASMO receives 4,000 USD per kilo of gold sold; as for ecological gold, the Premium is USD 6,000 / kg. This value is in addition to the payment received for the sale of the mineral.
This Premium is paid by the market, companies and consumers that choose to work with and buy products made of Fairmined Gold. Thereby they contribute to the development of the communities where their gold comes from.
The money is invested depending on the needs of the mining organizations and communities. Each ASMO forms a Committee that represents all the social groups that are part of the Fairmined Production System. This includes miners, processing plant workers, shareholders, groups in vulnerable situations and local authorities.
Through the development of a Fairmined Premium Investment Plan, the Committee decides how the money will be invested. This plan defines the development goals of the ASMO in the medium and long term (3-5 years) and prioritizes actions and investments to achieve them.