Precious metals refiners face new LBMA environmental standard

The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in the gold and silver markets.

 

To do that in a credible way, the LBMA has been actively engaging with mining companies and producer nations.

 

For refiners to be listed by the LBMA, they need to demonstrate that they complied with the guidance under a third party audit.

 

“The reality on the ground for a mining company is that if they are not doing the right thing by the environment and meeting the sustainabilty agenda, refiners can’t take that material”, LBMA CE, Ruth Crowell, told Mining Weekly on the sidelines of the Investing in African Mining Indaba.

 

(Martin Creamer – Mining Weekly).