UN expert warns of 'blood gold'

2010-09-27 13:58

kalahari.com

Berlin- A UN expert on the Democratic Republic of Congo warned a precious metals conference on Monday that the industry faced a "public relations disaster" unless it tackled the problem of "blood gold".

"There is a high risk that any artisanally mined gold coming out of the country is 'blood gold,'" Gregory Mthembu-Salter, a member of the UN Group of Experts on the Democratic Republic of Congo, said.

The term "blood gold" is used in the wider sense of so-called "blood minerals" to describe resources mined in a disputed region to finance conflict, war lords or an insurgency.

"Because of the lack of supply-chain traceability thereafter, that means that all or any of the gold you deal with could be termed 'blood gold'," he said at the start of the two-day gathering of industry professionals in Berlin.

"In short, the gold industry has a major moral and public relations disaster on its hands. Already activists have targeted the electronics and technology industry because of their opposition to so-called 'blood tin'.

"Do not imagine that the gold industry can be far behind."

He said that the industry, which is currently enjoying record prices for gold and silver, needs first to "acknowledge that it has a problem" and to certify properly where gold comes from.

This would be along the lines of the Kimberly Process, established in 2003, which aims to certify where rough diamonds were mined in order to ensure that they are not "blood diamonds" feeding conflict in the world's hot spots.

The central African country is plagued by instability and is ranked among the world's 20 most corrupt nations by governance watchdog Transparency International.

It also has huge reserves of resources used in a whole range of goods used by consumers in the wider world, drawing intense interest by foreign governments and firms.

But gold is the country's "main conflict mineral," Mthembu-Salter said.

Read more on:    drc  |  central africa
NEXT ON NEWS24X

Read News24’s Comments Policy

 

Inside News24

 
 

Zuma: Pray for peaceful polls

President Jacob Zuma has asked members of the Universal Church of the Kingdom of God to pray for peaceful elections on 7 May.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters
 
Traffic
Lottery
 
  • Friday Grabouw - 11:32 AM
    Road name: N2 Eastbound
    DELAYS between Sir Lowrys Pass and Grabouw
  • Friday Cape Town - 10:14 AM
    Road name: M3 Inbound
    EVENT - left lane closed between Rhodes Avenue and UCT
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Nokia Lumia 800

The stunningly social Nokia Lumia 800 features head-turning design, ...

From R2395.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may find yourself putting in that extra effort on looking good and making an impression. ...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.