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.
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