Additional Refiners Pass LBMA Responsible Gold Audit
Monday, February 03, 2014
The LBMA is pleased to announce that the following Good Delivery gold refiners have successfully passed its Responsible Gold Audit Programme.
• Heraeus Ltd, Fanling, Hong Kong
• Heraeus Precious Metals GmbH & Co. KG, Hanau, Germany
• LS-NIKKO Copper Inc, Onsan, Korea
• Rand Refinery (Pty) Limited, Germiston, South Africa
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. The LBMA received a large volume of reports in late 2013, and will continue
to report in the coming weeks as each batch is reviewed.
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 shortly as the LBMA Executive process the large volume of 2012
audit reports which have been received.
For further information please contact Ruth Crowell, 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.
About the London Bullion Market Association
The LBMA is the international trade association that represents the wholesale over-the-counter
market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members,
including the setting of good delivery and refining standards, the organisation of conferences and
other events, and serving as a point of contact for the regulatory authorities. For more