Gold, like diamonds, can be mined responsibly. (Image: World Gold Council)
LONDON, U.K. – The World Gold Council launched its Responsible Gold Mining Principles on Sept. 12, 2019. The principles provide a framework setting out clear expectations for consumers, investors and the downstream gold supply chain.
The principles address key environmental, social and governance issues for the gold sector.
The WGC expects the principles to be widely recognized and through which gold miners will provide confidence that their gold has been produced responsibly. The WGC’s efforts recognize and consolidate existing standards and instruments under a single framework.
Newmont Goldcorp CEO Gary Goldberg, who oversaw this initiative on behalf of the board of the WGC, said, “Given the [WGC] members’ sustained focus on improving environmental, social and governance performance, the formalization of the Responsible Gold Mining Principles is a natural evolution of our daily working practices. It is my hope that these principles will be widely adopted, not only by member companies, but by the industry more broadly.”
Details about the Responsible Gold Mining Principles are available at www.Gold.org.