London gold body plans expansion to bring in more artisanal metal. miningnews
The world’s most important certifier of gold refineries said on Wednesday it wants to recognise firms that gather and refine gold dug up by small-scale miners in developing countries.
LBMA-accredited ‘good delivery’ refineries which supply the world’s biggest banks and jewellers typically avoid this gold because of the risk of human rights abuses, pollution or criminality at mines and in the supply chain. The LBMA said in a report on Wednesday that a study it commissioned to encourage the use of ASM gold recommended that it create another ‘good delivery’ list to accredit aggregators and refineries that responsibly collect gold from small-scale miners and resell the metal in bulk.
“We are going to bring together a task force from across the industry and discuss how to get this going,” LBMA chief executive Ruth Crowell said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wicked Barley wins gold at Great American Beer Fest - Jacksonville Business JournalIt's only the second time a Jacksonville brewery has brought home a gold medal.
Read more »
Peru aims to formalize artisanal gold miners, minister saysPeru aims to formalize artisanal gold miners, minister says. miningnews gold mining
Read more »
Gold Price Forecast: Impending bull cross teases XAU/USD buyers near $1,670Gold price (XAU/USD) portrays a corrective bounce near $1,670 during Tuesday’s Asian session. In doing so, the yellow metal prints the first positive
Read more »
Alexandre Birman on Arezzo & Co.’s Fast-Growing FootprintThe footwear mogul opens up about his enviable work ethic as the CEO and talks plans for global expansion. ad
Read more »