Swiss pledge to stop illegal gold imports from Brazil Indigenous reserves

  • Switzerland imported 24.5 tonnes of gold in 2021, at least a fifth of which came from Brazilian Amazon states. Evidence indicates most of it is mined illegally on Indigenous lands. Illicit mining operations have resulted in major Amazon deforestation, widespread mercury poisoning and soaring violence.
  • With the Brazilian government of Jair Bolsonaro unresponsive to the escalating crisis, an independent delegation of Indigenous people along with others travelled to Switzerland in May to plead with major gold refiners to end the importation of illicit Brazilian gold.
  • This week, the refiners published a statement pledging to remove illegal gold mined within Brazilian Indigenous reserves from their supply chains. If the initiative is fully followed, experts say it could be a game changer that could undermine the, until now, lucrative illegal gold trade.
  • Canada, the world’s biggest importer of gold, has made no such agreement. 

Source: Swiss pledge to stop illegal gold imports from Brazil Indigenous reserves