Page 33 - Bullion World Volume 04 Issue 08 August 2023
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Bullion World | Volume 3 | Issue 8 | August 2023
systematic way. Gold has the ability annual demand by 8%. official lenders and traders of gold
to outperform other asset classes. As a bank they have made efforts globally. They as banks have put
The speaker believes that record to reduce the emissions caused significant steps forward to reduce
prices of gold are to be expected by gold production and they make the carbon emissions caused by
over the next 12 months. While the sure of any environmental and gold production.
increase of allocation goes from 1 societal caused by the sourcing of
to 2%, the official sector and large gold. The ESG initiatives are taken
fund houses are set to increase their very seriously as the banks are the
highlighted during this presentation. of “greenwashing” and prevent
Metalor has set clear guidelines fragmentation of the market.
for the sourcing of gold being: – no
sourcing from The reality about refining is that
• Mine collectors gold must be melted numerous
• ASM (except for specific times which emits carbon dioxide
government-backed that is considered harmful for the
programmes, like Swiss Better environment. Metalor Industries has
Gold) partnered with Tanaka Kikinzoku
• Non-compliant areas. to build new technologies that
reduce these emissions which in
A geo-forensic passport is also turn helps reduce global warming.
issued to every supplier from Metalor has introduced products
Mr Jonathan Jodry Metalor Industries to certify that the that help the consumer with valuable
gold sourced is from an integrated information about sourcing from the
Jonathan J. Jodry, supplier and all the norms are mining level. In conclusion, Metalor
Business Development Director adhered to. Coming to the recycling Industries reports all the ESG
of Metalor Technologies went perspective, Metalor Industries activities and also has an application
through the main ESG initiatives essentially uses an RJC-CoC which called “Metalor Check” which has
at Metalor Technologies and also was requested by the customers security and traceability tools for the
the process involved in undergoing which means that the gold is consumers.
these initiatives. The ESG initiatives efficiently recycled without harming
at different phases of production like the environment. The main goal of
mining, refining and recycling were these practices is to limit the risk
Mr Robin Wang, Executive The Main goal of Zijin Mining with
Chairman Zijin (Singapore) regard to ESG is to actively go green
International Mining Pte. Ltd and become one of the world’s most
started off the presentation with a efficient mining companies. The
small note about the company’s Action plan for climate change are
operations in 16 countries, with as follows:-
48,000+ employees, across Africa,
Asia, Europe, Oceania, and South 1. Application for energy-saving
America. Zijin Mining claims to be technologies
one of the world’s top ten producers • Mine: "More crushing and less
of copper, gold and zinc, with 2022 grinding“. Technology transition
mined metals: to reduce carbon emissions
• Smelter: low-temperature waste
1. Copper: 880kt heat recovery and utilisation Mr Robin Wang
2. Gold: 1.8 Moz projects for power generation,
3. Zinc: 450 Kt steam drying of furnace
4. Aim to produce 120 kt LCE by materials, etc.
2025.
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