Community-focused, small-scale, artisanal mining project
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Chocó, recognized for its substantial alluvial gold deposits estimated at 30 million ounces, faces significant challenges. Despite being acknowledged owners of the land, local communities encounter numerous restrictions that hinder their ability to engage in traditional mining activities. These Afro-descendant communities, who have inhabited the region since before the Republic of Colombia was established and have relied on mining since the early 15th century, continue to strive for sustainable development in the face of ongoing difficulties.
Mission
Mission
To connect communities and investors seeking an alternative economic model, aiming to aid in the development of Chocó, viewing economic benefit as a means for improving the well-being of vulnerable communities.
Leverage the existing RetroTerra partnership with the local community to design small-scale or artisanal mining operations, from prospection and production to the commercialization of gold, in accordance with current environmental and social regulations.
Overview
Overview
Alternative economic model
Alternative economic model
Gold production and extraction is modeled around the economy for the common good
Local partners
Local partners
Afro-Colombian communities councils, artisanal miners, landowners, workers, distributors, and investors
Several small-scale sites
Several small-scale sites
Small-scale mining operations, which move up to 250,000 m3 per year per site
Cost per site: USD 500K
Monthly gross production: 2000g Au
Mercury-free extraction
Mercury-free extraction
RetroTerra will use local extraction methods, which use the guásimo leaf to separate black minerals from gold and platinum
Metal purchase
Metal purchase
Investors will have the option to purchase competitively-priced gold and platinum directly from the artisanal miners
Environmental reclamation
Environmental reclamation
The climate in Chocó allows for rapid forest restoration following the appropriate exploitation of each site
Carbon capture by growing forests
"Gold and platinum with the dignity of sustainability and the shine of social responsibility"
Foto: Choco7dias.com
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