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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


TSX:TRQ - Post by User

Post by petrojellon Mar 01, 2015 6:55pm
153 Views
Post# 23478075

This Company Hits All the Requirements.

This Company Hits All the Requirements.

Ecological gold from Mongolia: Artisanal miners obtain Fairmined Certification


February 27, 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 existing three Fairmined certified organizations. They are the only producer of Fairmined Ecological Gold, a special Fairmined label for Fairmined Gold produced without the use of mercury or cyanide.

“It is a big honour for us as miners to get Fairmined Certification for the first time in Mongolia. When we heard the news, we were all so excited. All of us worked very hard to meet the requirements of the Fairmined Standard during the last 2-3 years.” Said Mr. Ch. Otgonbaatar, head of XAMODX.

The story of how the mining community came to be, begins back in 2006 when difficult conditions led herding communities to search for alternative livelihoods to survive the “dzuds” – extremely hard and cold winters that raged for consecutive years killing large herds of livestock. This situation, right in the aftermath of Mongolia’s economic transition when unemployment was on a rise, made the herding community move to an abandoned mine site called Tsagaan tsakhir in the Bayan-Ovoo Soum territory. It is there they began to focus their activities on mining – their only available alternative to herding. Since then the miners have worked hard to make mining a sustainable livelihood and now, less than ten years later, they claim the title as the world’s only organization with Fairmined Ecological Certification.

It is thanks to the support of the Sustainable Artisanal Mining (SAM) Project of the Swiss Agency for Development Cooperation in Mongolia that XAMODX is now one of four certified Fairmined organizations in the world and the first of its kind in Mongolia. The SAM project’s goal is the increased formalization of Mongolia’s artisanal mining sector while strengthening their social and environmental responsibility, formalization of ASM supply chains for sustainable livelihoods and tangible contribution to local and national economic development. On their way to certification, the SAM project supported XAMODX with organizational capacity strengthening, safety and environmental training and mining site management.

The community that is made up of around 2000 people mainly depends on mining, though a minority still relies on livestock and other small businesses and workshops. Women miners participate actively in the leadership of XAMODX which was formally established as a mining organization in 2009 with the main goal of protecting rights and improve livelihoods of legal miners. Now, as a Fairmined certified organization, XAMODX will be able to export to ethical markets at a fair price and make further important improvements to their mining organization and to the community.
Fairmined Certification was created by the Alliance for Responsible Mining (ARM), a non-profit organization globally recognized as a leader and pioneer of responsible artisanal and small-scale mining. Fairmined Gold means assurance for miners, the industry and consumers. The gold can be traced from mine to market. By buying Fairmined gold, businesses and individuals contribute to positive change through social development and environmental management in mining communities like XAMODX, giving everyone a source of gold to be proud of.

“It is a very big opportunity for local artisanal and small-scale miners to get Fairmined certified and to be increasingly known in Mongolia as well as in other countries. This will show how Mongolia’s responsible artisanal miners work as independent organizations according to the laws and regulations in the country. We will share all our experiences with other mining organizations in the country as well as in Asia” Says Mr. L. Byambadorj, member of XAMODX mining community.

Ecological gold from Mongolia group inside

“I want to congratulate XAMODX and the SAM project on this incredible achievement that represents a new milestone in the industry. We are honored that the SAM project and other allies recognize Fairmined Certification as the number one tool to transform artisanal and small-scale mining and join us in expanding the benefits of Fairmined to more miners.” Said Lina Villa, Executive Director of the Alliance for Responsible Mining.

For more information on Fairmined and how to source gold from XAMODX please visit www.fairmined.org or send an email to info@fairmined.org.


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