Perth Mint may lose LBMA ethical gold accreditation

[Roswell Crash Survivor]

https://www.reuters.com/article/us-...gold-after-sourcing-allegations-idUSKBN23O1UV

Perth Mint stops taking artisanal gold after sourcing allegations

Australia’s Perth Mint, one of the world’s biggest gold refiners, said it would stop processing metal from artisanal and small-scale miners after allegations that it took gold dug in Papua New Guinea using child labour and toxic mercury.

The mint has said it is confident it acted ethically and in line with regulatory requirements and responsible sourcing rules.

The LBMA said on Friday it would investigate the allegations against the mint. If it is found to have violated the LBMA’s rules, it could have its accreditation removed, restricting its access to the market.

https://www.watoday.com.au/perth-ne...ing-child-labour-reports-20200611-p551ku.html

Perth Mint gets its gold from company owned by killer and using child labour: reports

Speaking to 6PR's Gareth Parker, Mr. Grigg said the Mint had repeatedly ignored concerns raised by staff about the sourcing of its gold from PNG suppliers and whether this breached ethical guidelines.

At the heart of the allegations is PNG firm Golden Valley, which sells about $200 million of gold a year to the Mint, making it a major supplier, Grigg reported.

The company's owner Justin Parker was convicted of manslaughter in 2017 and ordered to serve 13 years in jail for beating his helicopter mechanic to death, but released on parole last year.

 

[mmm....shiney!]

This is old news but it’s back to prostitution, poaching and the local militia in order to make a living now?

 

[Michael Kay]

I wonder if/how this will affect the desirability and value of the brand.

 

[alor]

lbma would rip well before PM

 

[JohnnyBravo300]

I thought ethics were out the window these days. Or it only applies to some I guess.