The World Gold Council, the market development organisation for the gold industry, has launched its Responsible Gold Mining Principles.
The principles are a framework that set out clear expectations for consumers, investors and the downstream supply chain as to what constitutes responsible gold mining.
The Council, working with its Members, the world’s leading mining companies, has set out the Principles that it believes address key environmental, social and governance issues for the mining sector.
It is the Council’s aim that the Principles will become a credible and widely recognised framework through which gold mining companies can provide confidence that their product has been produced responsibly.
The Council recognises that ESG considerations are becoming increasingly important to consumers.
The Principles are intended to recognise and consolidate existing standards and instruments under a single framework.
Companies implementing the Principles will be required to obtain external assurance from a third party, independent assurance provider.
Source: Mining Review Africa