Industry News

Minera Yanaquihua SAC Recertification

Minera Yanaquihua SAC has achieved recertification to the Responsible Jewellery Council (RJC) Code of Conduct as well as certification to the RJC Chain-of-Custody standard, as part of its commitment to implementing and promoting responsible business practices within the jewellery and watch industry. To achieve certified status, RJC members must satisfy a rigorous independent third-party audit that assesses the organisation’s business practices and management systems against RJC’s Code of Practices standard for environmental, social and governance (ESG) factors, including human rights, responsible production, and anti-money laundering.

Date joined: 01 May 2012
Date first certified: 30 August 2014
Recertification date: 06 March 2021

“I would like to congratulate Minera Yanaquihua on their certification. We work in an industry of beauty and emotions – connecting hearts and minds. Consumers always expect trust when they buy a piece of jewellery to celebrate a significant moment in their lives. In this era of trust and resilience, now more than ever there is a need for more companies to inspire, take action and commit towards a journey of purpose, and continuous improvement. Responsible mining can have many positive impacts on the surrounding local communities, as well as being an economic activity that supports millions of families. RJC supports its members in an integrated approach of best management practices to sustainability. It is very encouraging to see strong leadership and commitment towards responsible mining practices.” said Iris Van der Veken, Executive Director of the Responsible Jewellery Council.

“We firmly believe that a successful business must be conducted in an environmentally and socially responsible manner. At Minera Yanaquihua, we are committed to provide a sustainable and inclusive environment that harnesses the potential of artisanal and small-scale miners from the local communities. Our partnership with RJC and Swiss Better Gold Initiative reinforces this belief and sets a strong framework for the continuous improvement against the requirements of responsible sourcing. By becoming the first Peruvian gold producing company to achieve RJC Code of Practices back in 2014, MYSAC has demonstrated a transparent and verifiable supply chain management system with a robust due diligence process across its entire value chain, including artisanal producers within its influence, and confirmed full alignment with the main objectives of the OECD Due Diligence Guidance while building secure, transparent and verifiable supply chains from mines to market”. says Antonio Samaniego, Chairman of MYSAC.

Diana Culillas, Secretary General of Swiss Better Gold Association stated that “Our Association and MYSAC have developed a strong collaboration through our Swiss Better Gold Initiative (SBGI) on the ground and direct investments from the Better Gold Fund. Thanks to these instruments we will enhance the technical assistance already provided by MYSAC to the artisanal miners. This collaboration showcases how a small-scale mining operation like MYSAC can drive positive change, support formalization and preserve a harmonious relationship between an established operation and local communities of artisanal producers. Nearly 300 artisanal miners will benefit from this joint effort to support them in making the complex journey towards formalization, improving the lives of the local communities and reducing the environmental impacts of their activities”.

Nearly 300 artisanal miners will benefit from this joint effort.

Diana Culillas
Secretary General
Swiss Better Gold Association