First Refiners Pass LBMA Responsible Gold Audits
Friday, June 07, 2013
The LBMA is pleased to announce the first Good Delivery gold refiners to have successfully passed its Responsible Gold Audit Programme.
AngloGold Ashanti Mineração Ltda, Nova Lima, Brazil
PAMP SA, Castel San Pietro, Switzerland
Umicore SA Business Unit Precious Metals Refining, Hoboken, Belgium
The refiners listed above have successfully passed an independent third-party audit, confirming
they comply with the LBMA Responsible Gold Guidance. The audit reviewed the refiners’ production
over a 12 month period. This process will be on-going, and the remaining GD refiners are now
preparing for an independent third-party audit throughout 2013 and into early 2014.
Ruth Crowell, Deputy Chief Executive of the LBMA said “After nearly three years of development and
testing, I’m delighted to reach this milestone of approving the first refiners to have successfully
passed the LBMA Responsible Gold Audit Programme. I look forward to them being the first of many.”
David Gornall, Chairman of the LBMA said “At the 2011 LBMA Conference in Montreal I announced that
the issue of conflict gold was the LBMA’s number one priority. Since then the LBMA has worked
diligently to develop its Responsible Gold Programme to address not only conflict gold but other
responsible sourcing issues such as money laundering and terrorist financing. I’m delighted to
congratulate these refiners on successfully passing the LBMA Responsible Gold Audit Programme.”
Through mutual recognition of other industry initiatives, the LBMA also recognises that refiners
have achieved compliance with the Responsible Gold Guidance by achieving either the Responsible
Jewellery Council’s Chain-of-Custody certification or Electronics Industry Citizenship Coalition
(EICC) CFS audit protocol.
Further announcements will follow as audit reports are received during the course of the year.
For further information please contact Ruth Crowell, Deputy Chief Executive, on
Tel. +44 (0)20 7796 3067 or email@example.com.
About the LBMA Responsible Gold Guidance
The LBMA has taken its role as accreditor of the world’s gold refiners and expanded the scope of
its requirements, to include OECD Due Diligence, by the creation of the Responsible Gold Guidance.
The Guidance operationalises and extends the OECD Gold Supplement for refiners and builds on
existing Anti-Money Laundering and Know Your Customer management systems and auditing practices.
It also makes what is a voluntary system (the OECD Guidance) mandatory for all LBMA GD gold
refiners wishing to sell into the London Bullion Market. This framework is intended to assure investors and consumers that all London gold stocks are conflict-free due to compliance with an audited, conflict-free process.