Gemfields accepted as corporate member of voluntary human rights initiative

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Gemfields accepted as corporate member of voluntary human rights initiative

7:17 CAT | 27 May 2020

in file CoM

London-headquartered Gemfields, which owns the Montepuez ruby mine, in Mozambique, and the Kagem emerald mine, in Zambia, has become the first gemstone company in the world to be recognised as a corporate member by the Voluntary Principles on Security and Human Rights (VPSHR).

VPSHR was founded in 2000 for the extractive and energy sectors and is now a globally recognised initiative by governments, companies and NGOs to confront human rights abuses and violations.

In the ethos of a wider ESG movement, VPSHR principles have become the common standard implemented to guide companies on how to conduct their security operations while respecting human rights.

“The VPSHR represents an important space for governments, NGOs and corporates to share and challenge each other on how to improve security and human rights best practice and we welcome the opportunity to learn from these knowledgeable peers, as well as share our own experiences,” says Gemfields sustainability, policy and risk director Jack Cunningham.

The news comes a year after Gemfields paid £5.8 million ($7.8m) to community members residing near its Montepuez ruby mine in Mozambique, in a “no admission of liability” move that settled a claim of human rights abuses brought against it by locals.

ALSO READ: Ruby miner Gemfields to pay $8.3 mn to settle Montepuez torture & murder claims – By Joseph Hanlon

Leigh Day, the London-based law firm representing a group of 273 Mozambicans, argued in 2018 that security forces employed by the miner had shot, beat and subjected its workers to humiliating treatment.

Gemfields always maintained it was not liable for the alleged incidents, but took the view that the agreed settlement “best balances the interests of the assorted stakeholders” and avoids tainting the company’s relationship with sections of the local community, the company said in a statement at the time.

In February, Gemfields returned to trading on the AIM, the London Stock Exchange’s market for juniors, after delisting in 2017 following its acquisition by Pallinghurst Resources.

The company, which owns the luxury Fabergé jewellery brand, is the world’s biggest coloured gems producer.

Source: Engineering News / MINING[DOT]COM