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Answer: What is dirty gold? > World Gold Council, the information resource for gold, investment, jewellery, science and technology, historical and culture
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Frequently Asked QuestionsWhat is dirty gold?"Dirty" gold is a reference made by lobbyists, mainly NGOs (non-governmental organisations) such as Earthworks and Oxfam USA, who aim to promote improvements in social and environmental aspects of gold mining (often referred to as "Sustainable Development"). The gold mining industry takes its Sustainable Development activities very seriously and there are many strict regulations and guidelines for mining of gold. Most mining companies have robust environmental, social and ethical standards and report on these through their annual reports. Recently (in June 2006) a multi-stakeholder group conducted a dialogue in Vancouver to discuss options for developing a system of independent 3rd party assurance for mining. As a result of this dialogue, the "Responsible Mining Assurance Initiative" has been established by a group of mining companies (e.g. Newmont and AngloGold Ashanti), retailers (e.g. Cartier, Tiffany, WalMart and Signet Group), non-government organisations (e.g. Earthworks, who helped establish the "dirty" gold campaign) and trade associations (e.g. Jewelers of America, ICMM and CRJP) to further develop options for independent third-party assurance in the mining sector. A coordinating committee drawn from the group will facilitate a process for the identification of responsible mining standards and a governance model for the assurance system, and has set a goal of establishing initial standards and a system for governance by 2007. |
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