The Perth Mint recognises and takes very seriously the risk and impact of handling precious metals mined within conflict affected and high risk countries. The profits that this activity generates may be directly or indirectly financing or benefiting armed conflict and the extreme levels of violence which contribute to the abuse of human rights. In particular, we are aware that gold or silver mined in these countries has the potential to make its way to our refining operations in Western Australia.
Committed to socially responsible gold & silver
Operating one of the largest gold refining operations in the world, we are dedicated to boycotting conflict metals and other minerals, with its supply chain due diligence systems and procedures compliant with the ‘responsible’ gold and silver guidelines presented by the London Bullion Market Association (LBMA) and the Organisation for Economic Cooperation and Development (OECD).
In 2012, we became one of the first three gold refiners in the world to be certified under the internationally recognised Conflict-Free Smelter Program. Developed by the Electronic Industry Citizenship Coalition (EICC) and Global e-Sustainability Initiative, the voluntary Conflict-Free Smelter Program provides credible third-party valuation of a smelter's procurement activities, giving our customers assurance that the gold and silver which passes through our refining facility is obtained from trustworthy sources.
As part of our commitment to sourcing ethically responsible metals, we have established a Responsible Metals and Supply Chain Policy which is based on the following principles: Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating Terrorism Financing (CTF).
Summary Assessment Reports
An annual audit is also undertaken by a third party auditor to ensure compliance with the LBMA and OECD standards. Refer to the following for historical Summary Assessment Reports with full details of the audits:
Financial Year 2019-2020
All gold and silver refined and supplied by us is responsible.