Four central banks commit to responsible artisanal gold principles
Colombia, Ecuador, Mongolia and the Philippines commit to effort to improve domestic, small-scale gold purchases
The central banks of Colombia, Ecuador, Mongolia and the Philippines have committed to signing a set of principles aimed at guiding their domestic gold-sourcing practices from artisanal and small-scale miners.
The new standards – ‘the London Principles’ – were developed by a group of central banks with assistance from the World Gold Council, a trade association for the gold industry. They comprise 12 guidelines to promote responsible gold-sourcing activities, the WGC said in a statement on June
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