The London Bullion Market Association (LBMA) has launched a review of the Perth Mint’s responsible sourcing processes and practices in the wake of allegations that the Mint sourced gold from a company owned by Justin Parker, who was sentenced to 13 years in jail for beating a man to death.
However, the Perth Mint is “confident in its adherence to the highest ethical standards” and claims that it has been fully compliant with the LBMA’s Responsible Sourcing Program.
“We are vigilant in our assessments of companies from which we source gold and other metals for processing and are confident we fully comply with regulatory requirements and the responsible gold guidelines set out by the global gold industry’s governing bodies,” said Perth Mint CEO Richard Hayes.
“In addition to our own strict audit protocols, we also use the Heidelberg Institute’s Conflict Barometer, a publication which monitors and tracks events and trends in global conflict developments and settlements across multiple countries to inform our assessments.”
The Perth Mint has previously claimed to be a world leader in ethical gold as it launched trueGold, a supply chain assurance platform designed to ensure that gold had been ethically sourced.
