The Curse of Gold Our World


The Curse of Gold

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gold in east Congo. It explores how will it finds its way onto the

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international market. Everything we use in our daily

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lives has an origin. Do we know where that is? Do we care? This is

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gold. Issues are complex and there is work in progress. In the eastern

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Congo, profits from gold and other minerals pay for war. It has been

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There is a swathe of central Africa that should be rich from the mining

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and minerals, but is not. This gold mine is in the southern area of

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eastern Congo. Technically, it is illegal. Children were care when

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they should be at school. Next in the muddy water, they hope to trap

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fragments of gold. Soldiers slipped away when we arrived. They taxi

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miners, forcing them to give a full They know of no other way. These

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miners and now at the centre of an ambitious global experiment that

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stretches from the mountain side to the power of the US Congress. And

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the long-term impact that may change the face of the developing

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world. With gold, there is always the thrill of the big find. This

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man is 38 and has four children. He These men had down the mine. It is

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not a modern world. With no safety equipment and all the battery

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lights, the most basic of tools, a spike and a hammer. They hack into

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the mountain face. What comes from here is classified as a conflict

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mineral. From the mountain, they take the rocks down to the river,

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where they are broken up and crashed. -- crashed. Then the pen

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for the precious metals. The jokes Then, everyone focuses. Some has

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been found in the crease to the shovel. -- of the shovel. Almost

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all the gold from Conqueror is illegal, and there is plenty to pay

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for the small-scale war. About $1 billion a year - and have to buy

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millions of assault rifles. It took months to negotiate access here.

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These are the middle man, waiting with their scales, money and phones

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to by the gold directly off the miners. They don't want any change

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to the way things work. The people here are caught in a battle of

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wills. Warlords who want to keep this well-tested operation the way

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it is. And the modern, more transparent world which finds it

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unpalatable. America is prompting change with a new law, the impact

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Colt and this old container could never comply with the US

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legislation, which is seen as putting all their jobs at risk.

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From here, called begins its journey around the world, where it

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underwrites the wealth of Nations and is a symbol for prosperity and

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success. Very little of that is reflected in this village, whose

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people live at the very bottom of the supply chain. This is cold.

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Gold is a resilient conductor of electricity. But cops, phones, Wi-

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Fi equipment. Companies are now being challenged to say exactly

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where their raw materials come from. The miners, they can't afford the

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education of their children. They can't afford medical care. They

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can't afford good housing. They can't afford almost everything. We

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A familiar story of workers from the developing world involved in

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producing our consumer goods. being tackled by the muscle of the

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law. In the US company that might be using conflict minerals will

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have to reveal itself to the government. Their hand forced

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because self-regulation did not work. Do you think it is necessary

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to have legislation in order to claim up these minerals? I think

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evidence shows us that without legislation, companies are

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reluctant to act. There are some who will always trying to do the

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right thing, but the majority are reluctant to reform without

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legislation making them do so. Guinea name some of the good

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We head off again along dreadful roads. This time, to a tin mine.

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Also, a key commodity for household appliances. This mining town is in

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the front line. A Congolese army keeps a fragile peace here, but the

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spectre of violence is always close. -- the Congolese army. Already,

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afraid of the Congo's minerals did not, some of big foreign companies

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have stopped buying from here, impacting the whole community. The

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miners tell me they have worked hard to get rid of armed militia

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and child labour and make their mind legal. Business will pick up

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again. Even without fuelling conflict, are these working

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conditions really acceptable? Every day, they have to go deeper into

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the mountain. Heads bent, dripping water, the roofs held up only by

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timber struts. -- the roof. There is hope that if foreign companies,

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the government and consumers keep up pressure, there could be

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reformed and the minerals here The mine itself has been checked by

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the government and given illegal status. It is officially certified

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that there is a -- it is a Green mind - the best around to buy

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minerals from. Actually, it is incredibly dangerous inside. It

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just means there are no militia control limit and no children

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working here. -- controlling it. These are the new problems they

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face. The US law has forced a de facto embargo. Conger minerals are

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tainted by war and international business no longer wants them.

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Merchants have not been paid for It is a 50 mile drive to the next

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stage of the supply chain. Here, traders stuck the minerals on the

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global journey. But not so much nowadays. -- start. People lie idle

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and things are barely ticking over. They say their regular customers

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suddenly abandoned them. Even before the US legislation became

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law, the Americans and Europeans stopped buying from this company,

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throwing it into debt. Now, it has found a new client with these drums

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of tin stockpiles are going. To China. It is the main global place

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for electronics and consumer goods but does not share the human rights

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values Western democracies do. Question - how does an environment

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from another age evolve into the global values of modern times? How

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to ensure that some people's measure of success and passion is

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not created on the suffering of others. And that the production of

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a precious metal, used to underpin economic stability, does not cause

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poverty and violence elsewhere. Gold is about to be given an

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international standard of production. The ultimate goal is to

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make sure that everybody can have confidence that the gold they are

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buying is conflict free, absolutely. Will there be a stamp or logo?

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the moment, in terms of our standard, there will be a statement

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of conformance that goes with the gold from the mind to the refinery.

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Then as we are talking about refinery and further down the

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supply chain, there may be certain initiatives that looked provide a

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standard. If that it is not certain yet? No. And you have to remember

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the supply chain is very complex. This is how the big players do it.

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Two miles underground. Huge machinery cards up a mountain. --

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cards. A far cry from the loan miner with his hammer and spike.

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This is a mine in South Africa, run by the company Gold Fields. Just

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one ounce of gold means they have to escalate more than six tons of

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rock. -- excavate. They have the safety gear. 250,000 ounces a year.

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That is worth $400 million, depending on the price. They might

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need and willed it down. For what is produced, everybody knows how it

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is made and where it comes from. There is an important role for

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responsible, corporate citizens to demonstrate that they are doing

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things and away where they can be trusted and operating

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responsibility of. Like financial reporting. The standard is a way of

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providing that the level of confidence. But even that is not

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enough for some. You want more? We want more disclosure, we want to

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be able to say, here is the product, here is the stamp. But more

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importantly, disclosing the information. These are the steps we

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took along our supply chain so I can see as an consumer or investor

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that this product was not funding At the moment they cannot. The

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journey between the mind and the high street store can get very

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murky. In a strange twist, the more Al-Ghad its developer, the more

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everybody gets connected. -- the more our gadgets. And the greater

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our demands for parity. But we are not there yet. Everywhere we look

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there is a connection to the raw products of the Neal Street. One of

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the biggest electronic makers told me that we cannot guarantee where

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our minerals come from. -- minerals trade. No company can at least we

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are open and honest about that. The pressure of globalisation. Uganda -

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the booming African economy trading with her whether it wants to do

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business with. It is next door to Congo and its conflict minerals.

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Even a small legitimate jeweller does not know where his gold comes

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from. We do not have problems getting cold. Whatever we need.

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Even in the Congo or Tanzania. gold could come from anywhere?

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You don't know where it comes from? Yes. To make his rings, he uses

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gold from Auld computer parts and melts it down. Gold is the most

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difficult metal to track. You can melt it, change it, reshape it and,

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in an economic crisis, it is the metal everybody wants. Public

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demand. I want to be safe. Gold is money. Whenever you want, you can

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go and make it cash. These are the Kampala slums for those who have

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fled Congo's violence over the years. With them comes the

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organised crimes smuggling rings. BC, -- busy, murky and corrupt. The

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gold trade has proved its worth. The value has risen five -- five

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times in the last ten years. Each year, an estimated 15% of all gold

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produced may be untraceable. That is what a massive $20 billion. UN

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investigators have spent years uncovering the criminal networks

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and methods. What they found on conflict gold in Uganda was

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chilling. Only a fraction of the gold that travels through here is

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actually recorded. The UN estimates just 15%. Meaning, 85% of it is

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exported illegally to join the international black market. The

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first stop is usually the Middle East and Asia. How much of that is

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illegal? Almost all of it is illegal. Almost all of it. Most of

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this is gold that his undeclared, smuggled. These are familiar images

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of central Africa. Warlords in it for themselves. This one is now

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under arrest. And massacres. 6 million dead in Congo in the past

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15 years. The minerals should be a source of wealth, of well-being. It

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is chaos. A source of death in this country. That is why anybody who is

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human should say, no. We can make this business more valuable, more

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human. Here, the human lives of the illegal gold mine. Men supporting

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families, born into a life from which it is difficult to escape.

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Vincent, their leader, has been And here at the legal mind, they

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just want to be able to sell their Fidel's family dressed up for our

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cameras in front of their wooden hut that his home. They are hoping

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that not begging on change the boys expect to go down the mines. How

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much can a law from a faraway land really change the culture that has

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been so deeply embedded for so long? Is it a pipe dream? Who could

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actually make it work? There is some real potential if this is done

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properly. If companies take responsibility, act in the right

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way. If people down the supply chain are doing their duty of --

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