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NGOs criticize LBMA’s gold sourcing program International regulations have succeeded in limiting the export of conflict minerals, but illegally mined minerals continue to support warlords in in certain areas of the world. ( Image courtesy of Fairphone.) Advocacy group Global Witness along with four other civil society organizations said today that the London Bullion Market Association’s (LBMA) responsible sourcing program has failed to ensure that only responsibly-sourced gold, conflict-free and untainted by human rights abuses is traded worldwide. “We had hoped that September’s release of the LBMA’s first annual Responsible Sourcing Report 2020 would address these concerns,” the organization wrote in an open letter to the LBMA on March 8. “We welcome the report, which provides more detail than previous publications.” ....
Taarifa Rwanda Published 3 weeks ago 1share On Tuesday Global Witness, along with four other advocacy groups said that the London Bullion Market Association’s (LBMA) responsible sourcing program has failed to ensure that only responsibly-sourced gold, conflict-free and untainted by human rights abuses is traded worldwide. The five organizations also called on the European Union (EU) not to endorse the LBMA, the world’s most influential gold market authority, which would make imports into country members troublesome. “We had hoped that September’s release of the LBMA’s first annual Responsible Sourcing Report 2020 would address these concerns. We welcome the report, which provides more detail than previous publications,” the organizations wrote in an open letter to the LBMA. ....