|
Class ring co. voices support for cleaner gold mining tactics
UT students call for companies to be environmentally sensitive
By Claire Reynolds
Efforts of UT student activists have led the company that produces UT's class rings to support a campaign calling for mining companies to embrace more environmentally and socially responsible techniques in their operations.
According to the Web site for the international campaign "No Dirty Gold," gold mining has been linked to environmental and human rights violations. Practices can displace indigenous communities, contaminate drinking water, harm workers and lead to environmental destruction. UT's class rings are produced by Balfour, one of three name brands under the Austin-based Commemorative Brands Inc., which is the first class ring company to endorse the "golden rules," said Paul Bugala, Oxfam America's lead organizer of the "No Dirty Gold" campaign. "None of this would have happened without the efforts of the Oxfam 'No Dirty Gold' chapter at UT Austin," Bugala said. "They took the ideas that we put forth and really gave them life." The campaign, led by Oxfam America and Earthworks, was launched in February 2004, and has now gained the support of 19 jewelry retailers, including seven out of 10 of the biggest jewelers in the country, with names such as Tiffany & Co. and Wal-Mart. The 12 basic "golden rules" of gold mining, according to the campaign, include respecting basic rights, not dumping mine wastes into water sources and covering all costs of closing down and cleaning up mine sites. Unlike the Kimberly Process of the diamond mining industry, as of now, there is no process for jewelry retailers to determine where the gold they are buying comes from, Bugala said. Because of this, there is no way for jewelers to know under what circumstances their gold was mined. Since 80 percent of gold goes toward making jewelry, having the support of jewelers will put pressure on gold mining companies to create a process to track where their gold comes from, Bugala said. Matt Gase, general manager for Commemorative Brands said the company will be working with large banks that buy gold to establish a more transparent mining and distribution process. The Texan strives to present all information fairly, accurately and completely.
If we have made an error, let us know about it here, or email managingeditor@dailytexanonline.com. |



Be sure to include your name, major, and classification. Submissions without this information are subject to deletion.
By clicking Post, you give The Daily Texan the right to publish your comments in any form, including online and in print in The Firing Line. Please limit your comments to 300 words. The Daily Texan reserves the right to edit all comments for brevity, clarity and liability.
You may also send Firing Lines to the editor at firingline@dailytexanonline.com
Be the first to comment on this story