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Unearthed: Artisanal Gold Mining, ft. Jean Martineau, Dynacor
Manage episode 461392240 series 3567867
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In this episode, hosts John Reade and Joe Cavatoni from the World Gold Council interview Jean Martineau, President & CEO, Dynacor Gold Mines Inc. during the LMBA & LPPM 2024 Global Precious Metals Conference, to discuss artisanal and small-scale gold mining and how it fits into the bigger picture of the global gold industry. Martineau dives into Dynacor’s operations in Peru and how they’ve created a unique operational framework to help earn the trust of local, small-scale gold miners. He also shares more about how they are focusing on education and safety through work with geologists, engineers and other NGO groups that support education and health within the communities where the miners operate. He concludes the conversation by discussing where Dynacor is headed to next, as they explore opportunities in Africa.
[2:15] Martineau shares the history of Dynacor and how they work with artisanal miners
[9:00] Dynacor’s relationship with miners in Peru and how they have built trust within the industry and with their miners
[10:51] A conversation that Martineau overheard between two miners where one shared that Dynacor is one of the only mills he has worked with that is trustworthy
[16:40] The collaboration between Dynacor and NGO groups to help support education and health for miners
[20:47] New geographies Dynacor is exploring and sees the most potential to expand in the future
[26:34] Martineau shares his fun fact about gold
Additional Resources:
Dynacor Group: Construction of a Pilot Plant in Senegal
Notable Quotes:
“We work very transparently with the miners.” -Jean Martineau
“I always tell our guys we are working on a long-term basis. I prefer to lose one miner, than lose our reputation.” -Jean Martineau
“At the beginning, in the 2000’s there were no rules, but now our government tried to formalize that and they began in Peru formalizing the process in 2012, so since then we have established a complete transparency standard. So, each time we have a new miner coming in, we have 25 points we verify - if he’s really registered, if he’s working legally, if he’s working in this concession or the other one. So, everything is verified this way.” -Jean Martineau
About World Gold Council
We are a membership organization that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market.
You can follow the World Gold Council on X at @goldcouncil and LinkedIn.
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