Artisanal gold miners project in Peru
Dynacor Gold Mines and its Swiss partner PX Précinox have completed their first large-scale social impact project under the PX Impact label focused on artisanal mining communities in Peru. In September 2018, the inauguration of a US sixty-thousand-dollar Phase 1 project took place in Secocha, Southern Peru. This project focuses on education combining the construction of two laboratories – one for general science and one for computer sciences.
The total size of the learning area is approximately 140 m2. The computer center includes seventeen new computers, teaching software and a high-speed wide-band internet connection. This participative project was implemented in the Ricardo Palma public school with 1,000 primary and secondary school students. The Municipality of Secocha and the parent association were also directly involved in the project from the beginning by providing some of the construction workers.
Phase 2 of the project consists in setting up a school library and improving the sanitary and sports facilities at the school at Secocha. This PX Impact project, as well as the projects that are in the pipeline, are financed from the sale of responsible gold under the PX Impact label in Europe. A small premium is paid by a growing number of supportive firms from the fine luxury jewelry, watchmakers and banking sectors.
These firms wish to start incorporating the use of responsibly sourced traceable gold that is produced from small-scale artisanal miners (see Figure 1, below). One hundred percent of the premiums paid are used in the projects. There are no administrative fees, and the two partners Dynacor/PX Précinox jointly assume the overhead.
This business to business approach in the gold supply chain is the first of its kind and will greatly benefit the small-scale mining communities in Peru that supply the gold mineralized ore.
