LBMA Sustainability and Responsible Sourcing Strategy 2024-2026
Focus Area Two
FOCUS AREA TWO: ASM
Objective: Encourage the share of responsible ASM gold in the market. Promote responsible engagement with ASM gold producers, with a view to supporting the livelihoods of miners.
- LBMA should engage with its Good Delivery List (GDL) members to establish in more detail what they are or should be looking for from regulatory regimes for ASM, and then engage with governments, civil society, and other stakeholders in ASM-producing countries to seek to secure the reforms required to achieve these regimes. This task may be more effective if conducted in conjunction with donor governments and/or the UN-funded programme PlanetGold.
- LBMA should explore collaboration with the World Gold Council (WGC) and other stakeholders to clarify the necessary and desirable regulatory conditions to encourage ASM/Large Scale Mining (LSM) cooperation, including in the production of responsibly mined ASM gold. This would in turn encourage GDL sourcing of ASM gold.
- LBMA should encourage GDL refiners to develop long-term relationships with these processors and intermediate refiners, which would ideally include joint efforts to raise standards among ASM suppliers.
- LBMA should encourage GDL refiners to explore sourcing ASM gold from intermediate refiners, for example on the Responsible Minerals Initiative’s (RMI’s) Responsible Minerals Assurance Process (RMAP) conformance list.
- LBMA and its members, in conjunction with other stakeholders where appropriate, should define the criteria and requirements that would enable GDL refiners to source artisanal gold from processors and intermediate refiners. These criteria should be consistent with the RMI’s RMAP auditing requirements. Those that meet these requirements should form part of a new GDL for processors and intermediate refiners.
- LBMA should take a lead in exploring how it and its Members can begin to move beyond the current largely compliance-based approach to ASM engagement towards a shared commitment to progressive improvement via mentoring and other partnerships, such as are envisaged in the OECD Responsible Minerals Guidance. This should include revisiting the language and approach of the RGG.
- Develop a Strategic Plan to support and integrate ASM gold into Good Delivery List Refiner production.
- Communicate and deliver on ASM Strategic Plan.
- Create Responsible ASM demand and build global awareness.
 These recommendations/actions are taken from the report entitled Towards an LBMA Good Delivery List for Artisanal and Small-Scale Responsibly Mined Gold and the response to it in the LBMA Board Response to the ASM Feasibility Study
 These deliverables/actions are taken from the LBMA Board Response to the ASM Feasibility Study