Bullion body to probe gold supply

THE London Bullion Market Association has said it would investigate allegations in an Australian newspaper that the Perth Mint processed gold from small-scale gold miners in Papua New Guinea who used child labour and mercury to extract the gold.
Bullion body to probe gold supply Bullion body to probe gold supply Bullion body to probe gold supply Bullion body to probe gold supply Bullion body to probe gold supply

The Perth Mint in Western Australia

Staff Reporter

The mint, owned by the government of Western Australia, is one of the world's largest gold refiners and is accredited by the LBMA, Reuters reports.
 
The LBMA's guidelines are meant to ensure that refiners do not process gold whose production or trade contributes to human rights abuses, conflict, crime or environmental degradation.
 
If the mint is found to have violated the guidelines it could have its accreditation removed. Major banks, which dominate gold trading, tend to work only with LBMA-accredited refiners.
 

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