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The Valcambi gold refinery in Switzerland is threatening to file a lawsuit against SWISSAID if its study “The hidden face of the gold trade”, published in July, is not “withdrawn or corrected” by the end of October. SWISSAID sticks to the results of the study and will therefore not withdraw it. For the sake of transparency, however, we are publishing the points disputed by Valcambi here.

Two years ago, the United Nations Declaration on the Rights of Peasants was created. Switzerland was very strongly committed to this process and successfully lobbied for its adoption. Despite this, a new study shows that its implementation is lacking both in Switzerland and abroad translated with DeepL

From where is the gold in our smartphones sourced? Is the gold shining on your wrist of the ‘dirty’ variety? Have children worked themselves to death for the gold bars stored in the vaults of our Swiss banks? Unfortunately, such is very likely the case. In a study, SWISSAID has traced gold’s journey from Africa to Dubai and on to Switzerland. The research reveals the relationship between Swiss refiners and companies in the United Arab Emirates that trade with gold from conflict zones.