In today’s webinar, Neil Harby (Chief Technical Officer, LBMA) and Neil Meader (Director of Gold and Silver, Metals Focus) explored the Spotlight on Gold Recycling report, published on Tuesday, 26 April 2022.
Our panelists focused on several highlights from the report but stressed the key takeaway was the importance of understanding the data. “You’ve got to be able to understand the data in order to understand the market,” said Neil Harby.
Neil Harby looked at the breakdown of Large-Scale Mining (LSM) in comparison to recycled gold, adding that LSM is fairly transparent, but recycled gold has a different set of requirements and considerations. He said: “45% of the throughputs of the LBMA Good Delivery List refiners are sourced from LSM, which means that 55% are not.”
This recycling does affect the gold price and correlating volumes, stated Neil Meader, who added that “even though prices exceeded where we were at the beginning of the decade, volumes are down. What motivates an investor could be very different to what motivates a jeweller.”
Watch the webinar now to find out more about the report, why it was commissioned, gold bullion imports in South-East Asia and more.
Key Challenges Facing the Global Mining Industry
This week’s webinar is a release of the fourth session from our recent LBMA/LPPM Virtual Precious Metals Conference, held in September 2021. Moderated by Roger Baxter (Minerals Council South Africa), this panel featured the highly anticipated keynote address from Mark Bristow (Barrick Gold Corporation) followed by an interactive panel discussion that included Mark as well as Natascha Viljoen (Anglo American Platinum), Martin Horgan (Centamin), and Paul Fisher (LBMA)
Responsible Sourcing Report 2021
In this week’s webinar, LBMA's Sakhila Mirza (LBMA Executive Board Director and General Counsel), Alan Martin (Head of Responsible Sourcing, LBMA) and Neil Harby (Chief Technical Officer, LBMA) discuss the recent Responsible Sourcing Report for 2021.
Responsible Sourcing & Industrial Miners in ASM
Alan Martin (Head of Responsible Sourcing, LBMA) and Gregory Mthembu-Salter (Director, Phuzumoya Consulting) discussed how industrial miners could help responsible sourcing in the Artisanal and Small-scale Mining (ASM) sector.
The Future of Responsible Sourcing, Sustainability and ESG
The webinar features a discussion on the OECD’s three flagship initiatives to address problems in Artisanal and Small-scale Mining and the FATF report on Environmental Crime and Money Laundering – as well as many other topics relating to ESG.