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Responsible mining as a strategy

for mitigating climate change

By Vinicius Pinho, Talita Galvão and Matheus Stevanin

Brazil’s small and medium-scale gold mining: embracing responsibility for a sustainable future.

Challenges in Gold Mining
The global gold market is highly valued
for its security, liquidity and high added
value. However, illegal ore extraction
casts a shadow over this industry, causing
environmental, social, climate and
economic damages, compromising the
sector’s sustainability and the value chain
responsibility. In Brazil, combating illegal
exploitation is a challenge. Illegality results
in deforestation, river contamination and
other crimes in affected areas, especially
in the Amazon region. These challenges
have an amplified impact on the process
of climate change.

It is important to distinguish between
the illegality of legal and responsible
mining, which brings numerous social and
economic benefits, promoting sustainable
development and mitigating climate
change. As an organisation committed to
sustainability in the gold value chain, Fênix
DTVM works to adopt and improve good
practices that promote environmental and
social responsibility.

Gold Traceability through Blockchain
Certifying the origin of gold is one of
the main challenges faced in the value
chain, as it is necessary to ensure that
the ore has not been illegally extracted,
especially from indigenous and protected
areas. Considering this issue, Fênix
DTVM, in partnership with Minespider,
is implementing a project that uses
Blockchain technology to trace and
monitor the gold traded by its suppliers.

In 2023, this project achieved a significant
milestone, resulting in the first sale in Brazil
of a gold bar with Blockchain traceability.
This initiative aims to highlight the potential
of this technology in tracing the origin and
destination of gold. The company’s goal
is to achieve 100% traceability of traded Gold concentrate processing process in a small-scale mine in Baixada Cuiabana (top) and (bottom): “Vida que Flui”
Project: clean up project on the São Lourenço river near to mining operations in the Pantanal Matogrossense, 100%
gold by the end of 2023. sponsored by Fênix DTVM.
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