Marcena outlined the key findings of the report, which includes the resiliency of illicit markets as seen through pricing, illustrating how illicit markets adapt to interference – and outlining how this can influence policy.
“After the drop of gold prices earlier in the year, the price of illicit gold had certainly recovered by May — and by July prices were trading at or near LBMA prices,” explained Marcena. “This illustrates that illicit markets are really strong and very adaptable to interference, including that by government actors and institutions. We really need to understand how these supply chains operate.”
Watch the full webinar to find out more about the report’s findings, the distinctions made between ‘informal’ and ‘illicit’ gold in the report, the unintended consequences of legislature on this market, and the drive for ASM to be better recognised. Alan and Marcena also discuss what the prices paid in East and Southern Africa tell us about illicit markets, and concerns over recycled material.
Marcena’s report is available at here.
ASM - A Photographic Story
Alan Martin, Head of Responsible Sourcing at LBMA, and Australian documentary photographer, Hugh Brown, took an in-depth look at the world of artisanal small-scale mining (ASM), drawing from Hugh's powerful photographs on the ground.
The CRAFT Code
Neil Harby (LBMA), Kevin Telmer (Artisanal Gold Council), and Matthew Chambers (ARM) Together, our panellists discuss Artisanal and Small-scale Mining in finer detail, explore the changes and challenges we have seen in the sector and discuss the notable developments and trends being observed.
ASM Amid the COVID-19 Pandemic
Neil Harby (LBMA) and Jennifer Peyser (RESOLVE) discuss the LBMA and OECD’s Call to Action, and turn their attention to the importance of ASM to LBMA, why we’re getting involved and what issues are being faced in the current global environment.
Switzerland's Public & Private Support for ASM
Neil Harby (LBMA), Diana Culillas (SBGA), Jose Ramon Camino (Metalor), and Monica Rubiolo (SECO) look at the complexities and challenges of artisanal and small-scale mining, explore the effective initiatives currently taking place, and reflect on the key factors necessary for cooperation across the supply chain.