London Olympics: medals Rio Tinto
Posted by admin on April 21st, 2011Rio Tinto will be behind every Olympic medal at the upcoming London Olympics 2012. The Anglo-Australian mining giant has indeed been chosen by the International Olympic Committee to be the official supplier of metals used in their manufacture. In total, Rio Tinto will provide all the gold, silver and copper for the production of the 4700 Olympic Games medals (OJ) and Paralympic Games.
On a specific page on its website, the group says that the mines from which metals are extracted will be located "at opposite sides of the globe." This is actually mine Bingham Canyon, United States, and that of Oyu Tolgoi, Mongolia. The making of medals will be given to the prestigious British Royal Mint.
The group will not be his first time since he was chosen in 2002 for the Winter Olympics in Salt Lake City.In 2008 in Beijing, was his rival BHP Billiton's history who had played the role of official supplier of the committee.
Sponsor
For now, design and composition of the medals are still being studied, and the details should be finalized later this year. But the official recommendations of the IOC should not be very different from those issued to Beijing in 2008. 3 years ago, the Committee wishes such as for individual events, the gold is composed of at least 92.5% silver and 6 grams of pure gold. The silver medal was also to be composed of 92.5% pure silver. The three medals were to be 60 millimeters in diameter and 3 millimeters thick.
Rio Tinto could be asked to provide similar amounts of 9 kilos of gold, 9 silver and 4 tons of tons of copper.Olympic Winter Vancouvert 2010, the mining group, Teck had medals for 1000, delivered 2.05 kilograms of gold, 1950 kilograms of silver and 903 kilograms of copper.
At current prices, this represents almost 300,000 euros gold, some 30,000 euros copper and nearly 9 million of money. "They become sponsors. For them, the benefits in terms of image will be even more important, "says Patrick Schein, owner of Gold by Gold, an expert on gold.
No "golden fair in London
Like his colleagues in the Alliance for Responsible Mining (AMR), the owner of Gold by Gold also regrets that the Committee has preferred to entrust the entire supply of gold in giant Rio Tinto. With laFairtrade Labelling Organizations International (FLO), AMR defends indeed a fair gold label which "offers precious metal quality and respectful human social values."But "Rio Tinto is one of those big mining predators for a kilo of gold are 60% margin and pay 2% royalty to the State. They say they respect the principles of sustainable development but it is an image that they give themselves to be accepted by states and pension funds, "Patrick Schein annoyed.
FLO, which had contacted the Committee, had hoped that at least part of the gold medals are labeled, especially since the label, called Fairtrade & Fairmined, was officially launched in Britain in February . "It is the committee's choice. It is understandable because they have a budget to buckle. We may also launched the label too late for them. But they could play the game, "lamented Patrick Schein. Advocates of fair gold does not intend to stop there, however: "It may be next time.A major sporting event is an incredible opportunity for gold to shine just before more than 3 billion viewers. A great champion pulling a coin would symbolically labeled hard! One day we will get there, "says the boss of Gold by Gold.
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