The Perth Mint is one of the few refiners in the world accredited as a refiner, weight master and assayer with all five major global precious metals exchanges – the London Bullion Market Association (LBMA), New York Commodity Exchange, Dubai Multi Commodities Centre (DMCC), Shanghai Gold Exchange and the Tokyo Commodity Exchange.
As such, we abide by the highest standards and conduct yearly audits of all our customers’ Environmental, Social and Governance (ESG) practices.
All audits are conducted by independent, external auditors in line with the requirements of the OECD Due Diligence Guidance Minerals, LBMA Responsible Gold Guidance, DMCC Responsible Gold Guidance and Responsible Business Alliance (formerly the EICC).
These guidances stipulate a risk-based approach which acknowledges the assessed risks of the countries in which the supply chains operate.
We are acutely aware of the complex issues associated with Artisanal and Small-scale Mining (ASM) operations throughout the globe. Across the industry, The Perth Mint is considered the standard bearer in relation to compliance practice.
Subsequent to the introduction of the LBMA Responsible Gold Guidance in 2012, The Perth Mint has continually reviewed and modified its due diligence practices to ensure the integrity of its supply chain. As the industry has adopted a progressively more rigorous approach to supply chain assessment, The Perth Mint has been at the forefront of driving this change by introducing our due diligence measures within the Australasian gold and silver mining sector.
It is to be noted that no other market participant engaged in the drive to change supply chain due diligence. Any changes to market practices were a direct result of The Perth Mint’s industry leadership.
We are committed to improving transparency and compliance at every level of the supply chain and are working collaboratively with our customers to ensure that best practice supply chain activities are in place at all times.
All production must meet the standards outlined in our Responsible Metals and Supply Chain Policy available here.