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First traceable gold supply chain comes to Ivory Coast

After a first export of gold, IMPACT and the European Union has announced that a traceability and due diligence system from mine site to the international market for artisanal gold from Côte d’Ivoire has been successfully implemented as part of the Just Gold project. The project supports artisanal gold miners, a mining cooperative in the department of Dabakala (Hambol region), traders, and exporters to ensure artisanal gold in Ivory Coast is produced and sold according to international standards. The initiative provides evidence of traceability allowing international buyers to track their gold to the pit it was mined in. At the same time, it supports private sector actors to complete due diligence on their supply chain to identify, mitigate, and publicly report on risks such as human rights abuses, forced and child labour, and corruption. A 755 ingot of gold mined in Dabakala was traced to Abidjan, where the exporter is located, with full due diligence completed on the supply chain. The gold was exported legally to a European LBMA-listed refiner. The refiner has signed a commercial agreement with the exporter, which is based in Katiola, and the artisanal mining cooperative, based in Dabakala Department, for this export and future purchases. “This first responsible export of artisanal gold is a major turning point for Ivorians who can now count on traceability and due diligence mechanisms for their supply chain—opening a window to the international market for the country’s artisanal miners,” said Joanne Lebert, IMPACT’s Executive Director. “At the same time, this export has demonstrated that supply chain due diligence can be commercially viable for all actors, and is both scalable and sustainable. Human rights are not only an ethical imperative, it is a compelling business proposition,” he added. The Just Gold project has continued to operate throughout the COVID-19 pandemic. Artisanal mining communities have been severely affected by the pandemic, as prices paid for gold have typically dropped, while the cost of living has drastically increased. However, the project guarantees the cooperative and its members be paid a fixed price, calculated based on a method which minimizes the impact of local price fluctuations in times of crisis. “This project offers Côte d’Ivoire unexplored opportunities for economic activity and development. These days consumers and the private sector are paying more attention to the conditions in which their products are manufactured and when they purchase gold, they want to be sure it isn’t tied to illicit trade or human rights violations,” said Mr. Jobst VON KIRCHMANN, Ambassador of the European Union in Côte d’Ivoire. “The Ivorian government recognizes the importance of due diligence in contributing to sustainable development and increasing artisanal gold production, and is taking important steps in this direction. This is even more important given that under new European regulations coming into force in 2021, European importers of minerals such like gold will be required to complete due diligence on their supply chain.” The project was first successfully implemented in the Democratic Republic of Congo, making it possible for responsible artisanal gold to reach the international market. It offers incentives for artisanal gold miners to channel their product to legal exporters—and eventually responsible consumers. The European Union has provided € 1.5 million for the project, which will be implemented in Côte d’Ivoire for two and a half years. The artisanal gold sector in Côte d’Ivoire is growing. According to media reports, the country’s gold reserves are estimated to be 600 tons and Côte d’Ivoire is currently the 7th largest gold producer in Africa. There are believed to be over 240 illegal gold mining sites across the country, mined by tens of thousands of unlicensed miners. According to the Ministry of Mines and Geology, the government loses 479.22 billion CFA (approximately € 730.5 million) due to illegal gold mining.
#BuiltWithBitcoin: Paxful to build fourth school in Nigeria

Global peer-to-peer Bitcoin marketplace, Paxful has announced that it will be building a fourth school in its #BuiltWithBitcoin’s 100-school initiative which aims to bring quality education centres to emerging countries. Located in Nigeria, the school will come fully equipped with a state-of-the-art solar-powered and water well system. The new school will be built in the Ankara Nandu community of Sanga Local in Nigeria and will serve an estimated 100-120 children between the ages of three to six years old. Home to roughly 4,000 people, the city currently has only one school facility which is being used for both primary and secondary school purposes. “We chose this particular community because of the limited resources and school infrastructure,” says Ray Youssef, CEO and co-founder of Paxful. “They are in dire need of quality learning spaces and this school is an honest representation of the impact Bitcoin can have on societies as a whole, and more specifically, how it can enhance education.” The new school will double as an adult learning space in the evenings assisting in providing hundreds of people with a supplemental education. In response to safety requirements associated with COVID-19, The company will also provide Personal Protective Equipment for all teachers and students including face-masks and hand sanitizers. Earlier in September, the company revealed (https://bit.ly/35Vrj88) its business expansion into Nigeria, their leading market in Africa in terms of volume and number of users. To strengthen operations and cement a physical presence in the country, Paxful appointed Nena Nwachukwu as Regional Manager for Nigeria. Movement to empower education in Africa Supporting over 400 students at present, Paxful’s #BuiltwithBitcoin initiative began in 2017 with partner Zam Zam Water, a humanitarian organisation devoted to eradicating poverty by providing clean, sustainable water and access to quality education to villages across the globe. The first two schools were built in Rwanda and the third school was built in Mukalala Village in Machakos County in Kenya earlier this year. Through the 100-school plan, the company expects to bring education to nearly 15,000 young people throughout Africa while providing jobs to nearly 300 teachers. All schools, including the newest location in Nigeria, come with water filtration systems, not just to supply the locals, but also to give them an opportunity to sell the water to their local community at a very affordable price. All the schools are also equipped with solar panels to cut spends on electricity and bypass regular electricity cuts. Paxful covers all fees associated with running a school including teacher and support staff salaries, bills for electricity and water as well as school supplies and uniforms for the students. Supporting ongoing development and tracking success All the completed schools under the #BuiltwithBitcoin initiative are progressing and performing very well as the company remains committed in providing the necessary tools and opportunity for the students to succeed. Continuous upgrades are made, and maintenance of the schools are monitored. The passing rates within these schools have been higher as the confidence of the students are boosted with each child receiving their own textbooks in addition to basic school stationery supplies. Usually students share handbooks and textbooks and leave them at the school for use by other students. As the communities always have more students than what the schools’ capacity can cater for, the initiative adopted a two-tier class approach, by having all the schools provide classes in four-hour blocks in the mornings and in the afternoons. This helps to support the highest number of students possible and not allow the quality of education to be affected. Desk space has also been limited to two to three students per bench to facilitate a healthy teaching environment. Understanding the important role, they play in the success of the schools and learning journeys of the students, teachers and educators at these schools are also paid 15% above the national average of their salary, respective to their country. “Each one of our schools follows the curriculum of their respective ministry of education. All textbooks, guidelines, and calendars fulfill all necessary requirements for testing and progress. Local officials have been supportive of the initiative’s efforts as we simply want the students to be able to succeed and graduate onto higher education by ensuring their educational foundation is strong and capable,” adds Youssef. Aside from building schools, #Builtwithbitcoin has also supported a number of other philanthropic causes in various countries including Kenya and South Africa. Donations are accepted on a rolling bases on https://BuiltWithBitcoin.org and will be used to aid in the completion of the new school in Nigeria among additional #BuiltwithBitcoin initiatives including Paxful’s Africa Fund for COVID-19. Paxful will kick off donations for building the school in Nigeria with an initial injection of $35,000 of funds in BTC.

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