Is the gold you’re buying helping to finance Russia’s war against Ukraine?
| News | 16 March 2022 | by ARM |
Russia is also the third-largest producer of gold in the world.
Open Letter to the Jewerly Industry
The jewelry industry is susceptible to exploitation if the Russian government uses gold supply chains as a tool to evade sanctions and further subsidize their military aggression against Ukraine.
It is imperative that we work together to prevent this from happening.
As unprecedented financial sanctions against Russia prevent it from accessing most of its assets, Russia will likely turn to liquidating its 2,300 metric tons of gold reserves or using them for barter and trade.
It may already be doing just that as the Bank of Russia has resumed buying domestic gold for the first time in two years and reports indicate increased Russian gold-buying activity in Venezuela since the war against Ukraine began. Russia has been quietly building its gold reserves since 2012. Norilsk, site of a 6.5 million-gallon diesel fuel spill in May 2020,
It’s everywhere: in the rain, snow, our food, our waters, even in the human placenta! Mercury is poisoning life on Earth.
Did you know Artisanal miners' gold ore processing produces 20% of the world's supply of gold used in our jewellery, iPad’s, iPhone, computers, and other electronics devices and is the world's largest anthropogenic source of deadly atmospheric global mercury pollution overtaking coal fired plants mercury emissions in 2017?
Artisanal miners' ore processing uses mercury, a deadly neurotoxin, to extract liberated gold from crushed or milled ore by forming an amalgam which is then vaporized leaving the gold while releasing ~1,220 tonnes of mercury to our atmosphere annually which is documented in 2021 by Oxford University earth scientists to stay airborne up to one year then precipitates back to Earth in the form of rain and snow.
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The Company is seeking impact investment capital to implement it's scalable ESG-driven climate action initiative in Zaruma, 1,200 meters high up the Amazon Andes, one of Ecuador’s 5 UNESCO World Heritage Sites and the site of the Planet’s largest anthropogenic (man-made) source of deadly global atmospheric mercury pollution.
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An "innovation provider with a scalable ESG-driven climate action initiative designed to eliminate mercury used by artisanal ore processors and to safely recover more gold sustainably”
Bruce A. Cosgrove, M.Sc., (Solution Chemistry) President/CEO
"Profit proudly owning sustainably reclaimed tailings gold, a globally wasted commodity"
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