The Copper Mark, Mining Association of Canada, ICMM and the World Gold Council are working towards consolidating their individual voluntary responsible mining and metals standards into a single global responsible mining standard, and multi-stakeholder oversight system.
World Gold Council and Dubai Multi Commodities Centre (DMCC) Collaborate to Combat Illicit Hand-Carried Gold Trade
In a move to address the challenges posed by the illicit trade of hand-carried gold, the World Gold Council (WGC), in collaboration with the Dubai Multi Commodities Centre (DMCC), has announced a strategic initiative. This project will seek to strengthen and standardize international regulations and procedures, addressing a crucial gap in the responsible sourcing and trade of gold.
The World Gold Council’s Q3 Gold Demand Trends report reveals that support for the asset continues as central bank buying maintains a historic pace, bringing quarterly gold demand (excluding OTC) to 1,147t, 8% ahead of its five-year average.
An independent evaluation process has confirmed that there is a high degree of interoperability between the Responsible Gold Mining Principles and the Responsible Gold Guidance.