Posted In: Gold Mining
Respect for local societies and human rights are of particular importance for responsible gold-mining companies. The draft Responsible Gold Mining Principles (RGMPs), promulgated by the UK-based World Gold Council, a market development organization for the gold industry that provides information about responsible gold mining practices in addition to industry data, research, are a new framework that sets out clear expectations for investors, downstream gold supply chain participants and other stakeholders as to what constitutes responsible gold mining. A broad range of stakeholders including governments, international organizations, investors, NGOs, academics, IGOs and supply chain participants have contributed to the guidelines. Once the consultation is completed and the draft is finalized, member companies will be expected to comply with the principles.