AP NEWS
ADVERTISEMENT
Press release content from BusinessWire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from BusinessWire
Press release content from BusinessWire. The AP news staff was not involved in its creation.

Responsible Artisanal Gold Solutions Forum Announces First Conflict-Free Supply Chain from DRC Artisanal Gold Mine to Retail in USA

October 26, 2018 GMT

NEW YORK--(BUSINESS WIRE)--Oct 26, 2018--The Responsible Artisanal Gold Solutions Forum (Forum), with USAID and local partners, is proud to announce several milestones, including the first conflict-free artisanal gold from the Democratic Republic of Congo (DRC) specifically intended for sale and documented for responsibility to US consumers.

ADVERTISEMENT

With support from USAID, a pilot project was implemented in South Kivu, DRC to establish a conflict free supply chain for artisanal gold. The gold was exported by Fair Congo, processed in the U.S. by Asahi Refinery, manufactured into gold earrings by Richline Group, and sold through Signet Jewelers (operating under brands such as Kay Jewelers and Zales). Mark Hanna, Chief Marketing Officer of Richline Group, stated, “As part of the Forum, we are proud to be part of assuring that responsibly sourced artisanal gold from the DRC can be trusted, ethical, and economical.”

This pilot represents a number of firsts for the artisanal gold sector:

Forum member Sasha Lezhnev, Deputy Director of Policy at the Enough Project, said, “This gold proves that it is possible to source conflict-free, responsible gold from Congo and bring it to consumers. That’s a very important proof of concept. Next, other companies should source responsible gold from Congo, and governments should enact consequences on companies that smuggle conflict gold, which disincentivizes a responsible trade.” Consumers and investors can also make a difference by encouraging companies’ involvement in conflict-free sourcing and reporting.

The Forum is a multi-stakeholder, public-private partnership to address critical barriers to a legitimate artisanal gold trade in the African Great Lakes Region. Forum partners recognize that these milestones, while significant, represent first steps in the goal of building a responsible trade and market for artisanal gold from the region. The Forum’s objective is to make this project an example of good practice which is scalable, replicable, and sustainable.

ADVERTISEMENT

Learn more about how to help build prosperous communities and sustainable livelihoods through responsible sourcing at www.ragsforum.org and www.journeyofgold.org.

BACKGROUND

In the Democratic Republic of Congo (DRC), more than 95% of artisanal gold is mined illegally and smuggled out of the country. This flow of illegal gold contributes to the ongoing conflict in DRC, and results in the loss of millions of dollars of legal tax revenue annually. In this context, with support from USAID the pilot project provided on-site technical support and training at the mine site to establish certified and responsibly sourced artisanal gold. Activities include building the capacity of miners and government officials to implement due diligence and traceability; training to improve the governance of the mining cooperative; and providing equipment to improve production, health, and safety.

A key success factor was to address downstream risk management concerns through effective due diligence. The pilot engaged Better Sourcing Program for due diligence and GeoTraceability for traceability from mine to export.

The jewelry produced from this gold, while internally tracked by supply chain partners, is not being marketed as a separate product line; rather than segregating the gold, the Forum’s goal is for parity among sources, made possible with effective implementation of due diligence. Next steps are to expand trade with responsible mines, with continued due diligence to enable integration with the global gold supply chain.

“Signet Jewelers is proud to be the Forum’s US retail partner. Together, we aim to support the continuous improvement in the integrity of the global jewelry supply chain,” said David Bouffard, Vice President of Corporate Affairs at Signet Jewelers. “We look forward to responsibly-sourced artisanal gold from the DRC becoming part of the mainstream gold supply chain.”

Two other efforts supporting legitimate artisanal gold production and trade in the DRC include the Just Gold project of the Canada-based NGO, IMPACT, and a pilot by Germany’s Federal Institute for Geosciences and Natural Resources (BGR).

ADDITIONAL QUOTES

ABOUT THE RESPONSIBLE ARTISANAL GOLD SOLUTIONS FORUM ( )

The Responsible Artisanal Gold Solutions Forum (Forum) is a multi-stakeholder coalition seeking to learn about and address critical barriers to the production and trade of artisanal gold from the Great Lakes Region in a way that verifiably meets national, regional, and international laws and standards for responsible sourcing.

The Forum has created technical and communications tools to support engagement of global companies with the artisanal gold sector based on responsible practice, such as the Artisanal Gold Due Diligence Toolkit. The Forum’s virtual reality film and online action kit, presented by the Forum with funding by Google and support from USAID, features artisanal miners who participated in this pilot and describes how companies and consumers can get involved in responsible sourcing from the DRC.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181026005482/en/

CONTACT: Jennifer Peyser, Director, Ethical Resource Program, RESOLVE

202-965-6215, jpeyser@resolv.org

KEYWORD: CONGO UNITED STATES NORTH AMERICA NEW YORK AFRICA

INDUSTRY KEYWORD: LUXURY SUPPLY CHAIN MANAGEMENT NATURAL RESOURCES MINING/MINERALS OTHER NATURAL RESOURCES RETAIL FASHION SPECIALTY OTHER RETAIL BRIDAL

SOURCE: Richline Group

Copyright Business Wire 2018.

PUB: 10/26/2018 01:41 PM/DISC: 10/26/2018 01:41 PM

http://www.businesswire.com/news/home/20181026005482/en

ADVERTISEMENT