
Browse content similar to The Curse of Gold. Check below for episodes and series from the same categories and more!
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gold in east Congo. It explores how will it finds its way onto the | :00:03. | :00:13. | |
| :00:13. | :00:17. | ||
international market. Everything we use in our daily | :00:17. | :00:27. | |
| :00:27. | :00:32. | ||
lives has an origin. Do we know where that is? Do we care? This is | :00:32. | :00:42. | |
| :00:42. | :00:45. | ||
gold. Issues are complex and there is work in progress. In the eastern | :00:45. | :00:51. | |
Congo, profits from gold and other minerals pay for war. It has been | :00:51. | :01:01. | |
| :01:01. | :01:22. | ||
There is a swathe of central Africa that should be rich from the mining | :01:22. | :01:32. | |
| :01:32. | :01:36. | ||
and minerals, but is not. This gold mine is in the southern area of | :01:36. | :01:41. | |
eastern Congo. Technically, it is illegal. Children were care when | :01:41. | :01:47. | |
they should be at school. Next in the muddy water, they hope to trap | :01:47. | :01:55. | |
fragments of gold. Soldiers slipped away when we arrived. They taxi | :01:55. | :02:05. | |
| :02:05. | :02:26. | ||
miners, forcing them to give a full They know of no other way. These | :02:26. | :02:34. | |
miners and now at the centre of an ambitious global experiment that | :02:34. | :02:42. | |
stretches from the mountain side to the power of the US Congress. And | :02:42. | :02:45. | |
the long-term impact that may change the face of the developing | :02:45. | :02:55. | |
| :02:55. | :03:02. | ||
world. With gold, there is always the thrill of the big find. This | :03:02. | :03:12. | |
| :03:12. | :03:22. | ||
man is 38 and has four children. He These men had down the mine. It is | :03:22. | :03:30. | |
not a modern world. With no safety equipment and all the battery | :03:30. | :03:37. | |
lights, the most basic of tools, a spike and a hammer. They hack into | :03:37. | :03:44. | |
the mountain face. What comes from here is classified as a conflict | :03:44. | :03:52. | |
mineral. From the mountain, they take the rocks down to the river, | :03:52. | :03:59. | |
where they are broken up and crashed. -- crashed. Then the pen | :03:59. | :04:09. | |
| :04:09. | :04:26. | ||
for the precious metals. The jokes Then, everyone focuses. Some has | :04:26. | :04:35. | |
been found in the crease to the shovel. -- of the shovel. Almost | :04:35. | :04:40. | |
all the gold from Conqueror is illegal, and there is plenty to pay | :04:40. | :04:46. | |
for the small-scale war. About $1 billion a year - and have to buy | :04:46. | :04:55. | |
millions of assault rifles. It took months to negotiate access here. | :04:55. | :05:00. | |
These are the middle man, waiting with their scales, money and phones | :05:00. | :05:05. | |
to by the gold directly off the miners. They don't want any change | :05:05. | :05:15. | |
| :05:15. | :05:21. | ||
to the way things work. The people here are caught in a battle of | :05:21. | :05:25. | |
wills. Warlords who want to keep this well-tested operation the way | :05:25. | :05:31. | |
it is. And the modern, more transparent world which finds it | :05:31. | :05:40. | |
unpalatable. America is prompting change with a new law, the impact | :05:40. | :05:50. | |
| :05:50. | :05:55. | ||
Colt and this old container could never comply with the US | :05:55. | :05:59. | |
legislation, which is seen as putting all their jobs at risk. | :05:59. | :06:04. | |
From here, called begins its journey around the world, where it | :06:04. | :06:07. | |
underwrites the wealth of Nations and is a symbol for prosperity and | :06:07. | :06:12. | |
success. Very little of that is reflected in this village, whose | :06:12. | :06:22. | |
| :06:22. | :06:22. | ||
people live at the very bottom of the supply chain. This is cold. | :06:22. | :06:27. | |
Gold is a resilient conductor of electricity. But cops, phones, Wi- | :06:27. | :06:36. | |
Fi equipment. Companies are now being challenged to say exactly | :06:36. | :06:43. | |
where their raw materials come from. The miners, they can't afford the | :06:43. | :06:51. | |
education of their children. They can't afford medical care. They | :06:51. | :07:01. | |
| :07:01. | :07:03. | ||
can't afford good housing. They can't afford almost everything. We | :07:03. | :07:13. | |
| :07:13. | :07:21. | ||
A familiar story of workers from the developing world involved in | :07:21. | :07:27. | |
producing our consumer goods. being tackled by the muscle of the | :07:27. | :07:31. | |
law. In the US company that might be using conflict minerals will | :07:31. | :07:37. | |
have to reveal itself to the government. Their hand forced | :07:37. | :07:42. | |
because self-regulation did not work. Do you think it is necessary | :07:42. | :07:47. | |
to have legislation in order to claim up these minerals? I think | :07:47. | :07:51. | |
evidence shows us that without legislation, companies are | :07:51. | :07:55. | |
reluctant to act. There are some who will always trying to do the | :07:55. | :08:02. | |
right thing, but the majority are reluctant to reform without | :08:02. | :08:06. | |
legislation making them do so. Guinea name some of the good | :08:06. | :08:16. | |
| :08:16. | :08:26. | ||
We head off again along dreadful roads. This time, to a tin mine. | :08:26. | :08:36. | |
| :08:36. | :08:45. | ||
Also, a key commodity for household appliances. This mining town is in | :08:45. | :08:55. | |
| :08:55. | :08:59. | ||
the front line. A Congolese army keeps a fragile peace here, but the | :08:59. | :09:07. | |
spectre of violence is always close. -- the Congolese army. Already, | :09:07. | :09:13. | |
afraid of the Congo's minerals did not, some of big foreign companies | :09:13. | :09:20. | |
have stopped buying from here, impacting the whole community. The | :09:20. | :09:23. | |
miners tell me they have worked hard to get rid of armed militia | :09:23. | :09:28. | |
and child labour and make their mind legal. Business will pick up | :09:28. | :09:38. | |
| :09:38. | :09:40. | ||
again. Even without fuelling conflict, are these working | :09:40. | :09:46. | |
conditions really acceptable? Every day, they have to go deeper into | :09:46. | :09:56. | |
| :09:56. | :09:57. | ||
the mountain. Heads bent, dripping water, the roofs held up only by | :09:57. | :10:03. | |
timber struts. -- the roof. There is hope that if foreign companies, | :10:03. | :10:09. | |
the government and consumers keep up pressure, there could be | :10:09. | :10:19. | |
| :10:19. | :10:34. | ||
reformed and the minerals here The mine itself has been checked by | :10:34. | :10:41. | |
the government and given illegal status. It is officially certified | :10:41. | :10:46. | |
that there is a -- it is a Green mind - the best around to buy | :10:46. | :10:50. | |
minerals from. Actually, it is incredibly dangerous inside. It | :10:50. | :10:54. | |
just means there are no militia control limit and no children | :10:54. | :11:00. | |
working here. -- controlling it. These are the new problems they | :11:00. | :11:07. | |
face. The US law has forced a de facto embargo. Conger minerals are | :11:07. | :11:14. | |
tainted by war and international business no longer wants them. | :11:14. | :11:24. | |
| :11:24. | :11:25. | ||
Merchants have not been paid for It is a 50 mile drive to the next | :11:25. | :11:35. | |
| :11:35. | :11:37. | ||
stage of the supply chain. Here, traders stuck the minerals on the | :11:37. | :11:44. | |
global journey. But not so much nowadays. -- start. People lie idle | :11:44. | :11:51. | |
and things are barely ticking over. They say their regular customers | :11:51. | :11:57. | |
suddenly abandoned them. Even before the US legislation became | :11:57. | :12:01. | |
law, the Americans and Europeans stopped buying from this company, | :12:01. | :12:07. | |
throwing it into debt. Now, it has found a new client with these drums | :12:08. | :12:14. | |
of tin stockpiles are going. To China. It is the main global place | :12:14. | :12:18. | |
for electronics and consumer goods but does not share the human rights | :12:18. | :12:28. | |
values Western democracies do. Question - how does an environment | :12:28. | :12:38. | |
| :12:38. | :12:41. | ||
from another age evolve into the global values of modern times? How | :12:41. | :12:46. | |
to ensure that some people's measure of success and passion is | :12:46. | :12:52. | |
not created on the suffering of others. And that the production of | :12:52. | :12:57. | |
a precious metal, used to underpin economic stability, does not cause | :12:57. | :13:03. | |
poverty and violence elsewhere. Gold is about to be given an | :13:03. | :13:06. | |
international standard of production. The ultimate goal is to | :13:06. | :13:11. | |
make sure that everybody can have confidence that the gold they are | :13:11. | :13:17. | |
buying is conflict free, absolutely. Will there be a stamp or logo? | :13:17. | :13:23. | |
the moment, in terms of our standard, there will be a statement | :13:23. | :13:28. | |
of conformance that goes with the gold from the mind to the refinery. | :13:28. | :13:31. | |
Then as we are talking about refinery and further down the | :13:31. | :13:36. | |
supply chain, there may be certain initiatives that looked provide a | :13:36. | :13:42. | |
standard. If that it is not certain yet? No. And you have to remember | :13:42. | :13:50. | |
the supply chain is very complex. This is how the big players do it. | :13:50. | :13:58. | |
Two miles underground. Huge machinery cards up a mountain. -- | :13:58. | :14:05. | |
cards. A far cry from the loan miner with his hammer and spike. | :14:05. | :14:11. | |
This is a mine in South Africa, run by the company Gold Fields. Just | :14:11. | :14:17. | |
one ounce of gold means they have to escalate more than six tons of | :14:17. | :14:27. | |
| :14:27. | :14:27. | ||
rock. -- excavate. They have the safety gear. 250,000 ounces a year. | :14:27. | :14:32. | |
That is worth $400 million, depending on the price. They might | :14:32. | :14:36. | |
need and willed it down. For what is produced, everybody knows how it | :14:36. | :14:46. | |
is made and where it comes from. There is an important role for | :14:46. | :14:55. | |
responsible, corporate citizens to demonstrate that they are doing | :14:55. | :14:59. | |
things and away where they can be trusted and operating | :14:59. | :15:04. | |
responsibility of. Like financial reporting. The standard is a way of | :15:04. | :15:07. | |
providing that the level of confidence. But even that is not | :15:07. | :15:12. | |
enough for some. You want more? We want more disclosure, we want to | :15:12. | :15:18. | |
be able to say, here is the product, here is the stamp. But more | :15:18. | :15:21. | |
importantly, disclosing the information. These are the steps we | :15:21. | :15:25. | |
took along our supply chain so I can see as an consumer or investor | :15:25. | :15:35. | |
| :15:35. | :15:42. | ||
that this product was not funding At the moment they cannot. The | :15:42. | :15:47. | |
journey between the mind and the high street store can get very | :15:47. | :15:52. | |
murky. In a strange twist, the more Al-Ghad its developer, the more | :15:52. | :15:58. | |
everybody gets connected. -- the more our gadgets. And the greater | :15:58. | :16:03. | |
our demands for parity. But we are not there yet. Everywhere we look | :16:03. | :16:07. | |
there is a connection to the raw products of the Neal Street. One of | :16:07. | :16:13. | |
the biggest electronic makers told me that we cannot guarantee where | :16:13. | :16:18. | |
our minerals come from. -- minerals trade. No company can at least we | :16:18. | :16:28. | |
| :16:28. | :16:32. | ||
are open and honest about that. The pressure of globalisation. Uganda - | :16:32. | :16:35. | |
the booming African economy trading with her whether it wants to do | :16:35. | :16:40. | |
business with. It is next door to Congo and its conflict minerals. | :16:40. | :16:49. | |
Even a small legitimate jeweller does not know where his gold comes | :16:49. | :16:53. | |
from. We do not have problems getting cold. Whatever we need. | :16:53. | :16:59. | |
Even in the Congo or Tanzania. gold could come from anywhere? | :16:59. | :17:05. | |
You don't know where it comes from? Yes. To make his rings, he uses | :17:05. | :17:11. | |
gold from Auld computer parts and melts it down. Gold is the most | :17:12. | :17:17. | |
difficult metal to track. You can melt it, change it, reshape it and, | :17:17. | :17:24. | |
in an economic crisis, it is the metal everybody wants. Public | :17:24. | :17:31. | |
demand. I want to be safe. Gold is money. Whenever you want, you can | :17:31. | :17:40. | |
go and make it cash. These are the Kampala slums for those who have | :17:40. | :17:46. | |
fled Congo's violence over the years. With them comes the | :17:46. | :17:56. | |
organised crimes smuggling rings. BC, -- busy, murky and corrupt. The | :17:56. | :18:01. | |
gold trade has proved its worth. The value has risen five -- five | :18:01. | :18:06. | |
times in the last ten years. Each year, an estimated 15% of all gold | :18:06. | :18:13. | |
produced may be untraceable. That is what a massive $20 billion. UN | :18:13. | :18:16. | |
investigators have spent years uncovering the criminal networks | :18:16. | :18:23. | |
and methods. What they found on conflict gold in Uganda was | :18:23. | :18:27. | |
chilling. Only a fraction of the gold that travels through here is | :18:27. | :18:35. | |
actually recorded. The UN estimates just 15%. Meaning, 85% of it is | :18:35. | :18:39. | |
exported illegally to join the international black market. The | :18:39. | :18:44. | |
first stop is usually the Middle East and Asia. How much of that is | :18:44. | :18:52. | |
illegal? Almost all of it is illegal. Almost all of it. Most of | :18:52. | :19:01. | |
this is gold that his undeclared, smuggled. These are familiar images | :19:02. | :19:10. | |
of central Africa. Warlords in it for themselves. This one is now | :19:10. | :19:20. | |
| :19:20. | :19:22. | ||
under arrest. And massacres. 6 million dead in Congo in the past | :19:22. | :19:32. | |
| :19:32. | :19:36. | ||
15 years. The minerals should be a source of wealth, of well-being. It | :19:36. | :19:44. | |
is chaos. A source of death in this country. That is why anybody who is | :19:44. | :19:50. | |
human should say, no. We can make this business more valuable, more | :19:50. | :20:00. | |
| :20:00. | :20:05. | ||
human. Here, the human lives of the illegal gold mine. Men supporting | :20:05. | :20:11. | |
families, born into a life from which it is difficult to escape. | :20:11. | :20:21. | |
| :20:21. | :20:46. | ||
Vincent, their leader, has been And here at the legal mind, they | :20:46. | :20:56. | |
| :20:56. | :21:10. | ||
just want to be able to sell their Fidel's family dressed up for our | :21:10. | :21:20. | |
| :21:20. | :21:20. | ||
cameras in front of their wooden hut that his home. They are hoping | :21:20. | :21:28. | |
that not begging on change the boys expect to go down the mines. How | :21:28. | :21:33. | |
much can a law from a faraway land really change the culture that has | :21:33. | :21:39. | |
been so deeply embedded for so long? Is it a pipe dream? Who could | :21:39. | :21:46. | |
actually make it work? There is some real potential if this is done | :21:46. | :21:50. | |
properly. If companies take responsibility, act in the right | :21:50. | :21:54. | |
way. If people down the supply chain are doing their duty of -- | :21:54. | :21:58. |