Industry Insights

The gold industry is going through a period of significant change, including the important steps that are being taken by gold miners to disclose the refineries to which they send their gold.

The first such event, in 2022, was significant in not only signalling the closer, more co-operative relationship between our two organisations that has developed over recent years, but also the wider move to greater collaboration across the whole gold supply chain.

“Our vision is not health for some; it’s not health for most; It’s health for all!“  So said Dr Tedros Adhanom Ghebreyesus, Director-General at the World Health Organisation (WHO) at the United Nations General Assembly 74th Session in September 2019. Given recent events, a continued focus on universal health and well-being has never been as important as it is today.

Last month, we held a webinar with S&P Global and our Members at which S&P presented their Corporate Sustainability Assessment (CSA). Many of our Members already submit the CSA and this was an opportunity to review industry data from past assessments and discuss how elements of the RGMPs could potentially be incorporated into their methodology going forward.

We recently brought together a panel, in partnership with the LBMA, to discuss 'Improving the position of responsible Artisanal and Small-Scale Gold Miners – the role of Central Banks and other constructive actors'. Watch the discussion.

The World Gold Council recently sent a small delegation to the Investing in African Mining Indaba 2020 conference in Cape Town, South Africa. 

Earlier this month, Terry Heymann attended the Responsible Asset Owner Symposium as a keynote speaker, presenting on 'Sustainable investing for long-term returns, not short-term gains'. Watch now!

Last week we launched our new report, Gold Mining’s Contribution to the UN Sustainable Development Goals. I had the pleasure of holding a panel discussion at the UN Global Compact event Uniting Business, which was held alongside the UN General Assembly.

Today we launched our new report, Gold Mining’s Contribution to the UN Sustainable Development Goals. The release coincided with the annual Denver Gold Forum which brings together mining CEOs from around the world to discuss the latest developments in the gold mining industry.

In January 2020, Van Eck, which manages the International Investors Gold Fund, announced that it ‘would expect all of the gold producers in which we invest to adopt the RGMPs’.  

All actors in the supply chain have responsibility for ensuring that gold has been responsibly mined and responsibly sourced. Gold mining should contribute to the development of producer countries and to local communities and to the delivery of the Sustainable Development Goals. 

World Gold Council member companies have embarked on the three year implementation phase of the Responsible Gold Mining Principles. It’s been a year since the launch in September 2019 and three members describe their experience thus far.  

Terry Heymann, our CFO, participated in a Mining Coffee Chat with Remi Piet, Senior Director Infrastructure, Energy & Natural Resources at Americas Market Intelligence. Watch their conversation on the Responsible Gold Mining Principles and more.