Connect with us

Hi, what are you looking for?

Tuesday, Dec 3, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

European smartphone companies launch ethical gold mining initiative

The yellow metal is an essential component of smartphone circuitry

YouTuber demonstrates how to recover gold from smartphone circuit boards last year. Image credit: Iman Gold Recovery

Two European smartphone companies have kicked off a Black Friday campaign highlighting the importance of ethical gold mining. They will donate €40 from each device they sell to an environmentally-conscious mine project in Colombia.

Specifically, funding will be provided from sales of Murena and Fairphone’s two smartphone models they collaborated on. That is, the Murena Fairphone 4 and 5.

The Iquira Mine, described as an “agro-mining cooperative in Colombia’s ecologically diverse yet threatened Huila region,” is a project being developed by the South American nation’s Alliance for Responsible Mining (ARM).

European smartphone companies launch ethical gold mining initiative in Colombia

At the Iquira mine in Huila, Colombia. Photo credit: ARM

Iquira has been operating for 20 years

The small-scale operation has eliminated the usage of mercury, conducted multiple safety training initiatives, prioritized water conservation and collaborated in health campaigns with community organizations.

“By buying a Murena Fairphone during the Black Friday period, they purchase a long-lasting smartphone with open source software and ethically sourced materials,” Fairphone’s Chief Impact Officer, Monique Lempers, said, “and as an extra, they will directly donate to a responsible gold mine in Colombia.”

Murena and Fairphone’s smartphones use a privacy-oriented operating system called /e/OS. It is designed to provide an Android-like experience while minimizing user data tracking.

Gold extracted from the mine site is known to have been used in crafting the Nobel Peace Prize in 2015 and 2016. Also, the Olympic Laurel trophy. This campaign started on Nov. 25 and will be ongoing until Dec. 2.

Read more: Calibre Mining finds high grade gold mineralization outside of its Valentine Mine resource

Read more: High grades in Nicaragua expected to raise Calibre Mining’s mineral resource

Environmental damage in Latin America inspires activism

Illegal gold mining, particularly in the Amazon rainforest, has been catastrophic in recent years.

It has caused vast mercury contamination, deforestation, armed conflict and has had a terrible impact on local wildlife.

Thankfully, organizations like the ARM, Amazon Watch, PlanetGOLD and the National Federation of Colombian Miners have been working diligently to help remedy the situation.

Certain gold mining companies operating in Latin America have been prioritizing the environment too.

Notably, Calibre Mining Corp (TSE: CXB) (OTCMKTS: CXBMF). Through a partnership with the Centre for Understanding Nature, an environmental organization, Calibre has helped plant over one million trees in Nicaragua. This collaboration has helped protect millions of local bees too.

The mid-tier producer has been prioritizing biodiversity and local communities since it entered the country. In 2022, Calibre made a short documentary to highlight some of its sustainability initiatives in Central America.

Also worth noting is Yamana Gold — a subsidiary of Pan American Silver Corp (TSE: PAAS) (NYSE: PAAS). This company is known to focus on minimizing the environmental impact of its mining operations in Brazil. Yamana has planted about 300,000 trees in the surrounding area of the nation’s Jacobina Mine.

Water management is a key focus for Yamana.

 

Calibre Mining is a sponsor of Mugglehead news coverage 

 

Follow Mugglehead on X

Like Mugglehead on Facebook

Follow Rowan Dunne on X

rowan@mugglehead.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Gold

By raising risk classifications, banks aim to shield less experienced or risk-averse retail investors from potential losses

Gold

Artemis acquired the Blackwater Mine from New Gold in 2020

Gold

The site's first gold bar was poured in February, 2019

Gold

The deposit's scale is extraordinary with visible gold observed in many drilled rock cores