Page 16 - Bullion World Volume 4 Issue 1 January 2024

Bullion World | Volume 4 | Issue 1 | January 2024

Our robust due diligence puts pressure on suppliers also for gold that genuinely embodies its value – not
to improve practices and is a deterrent to anyone who just as a store of financial wealth but as a symbol of
wants to attempt to contaminate our supply chain. human progress, respect for the environment, and
empowerment of communities.
We are highly circumspect about recycled or secondary
gold sources in that potential contamination with illicit The journey to refine gold's story is a testament to our
sources may have occurred. Rand Refinery has refused commitment to a more just and sustainable world.
to participate in processing secondary material sources
that do not have a known provenance and audit trail Accredited by the London Bullion Market Association
demonstrating a verifiable source. (LBMA), Rand Refinery is one of the world’s leading
gold and silver refiners and the only referee status
Rand Refinery's certified gold and silver chain of custody Refiner in the southern hemisphere, making significant
is independently audited to meet the requirements set by contributions toward setting industry standards with
relevant industry bodies. 100% traceable and certified RandPure® gold.

By intimately understanding our suppliers, we can also The importance of ethical sourcing in the gold industry
improve their ability to identify and mitigate potential cannot be overstated. The RandPure® initiative
non-compliant sources while maintaining integrity. There demonstrates responsible practices encompassing
are many ways we can abolish unethical sourcing in our environmental stewardship, social responsibility,
supply chains. The core of these methods is ensuring economic viability, and the elimination of conflict gold.
reliable tracking and provenance checks. Ethical sourcing is not only a moral imperative but also a
strategic business decision that enhances the industry's
In this process of presenting a blend of Responsibly reputation.
Mined Gold streams from our South African shareholder
depositors, these sources further reflect positive social, As the gold industry continues to evolve, the lessons
and community development, and high environmental learned from pioneering initiatives like RandPure® can
standards. These above-and-beyond efforts are serve as a roadmap for a more ethical, transparent, and
captured in relevant sustainability reports of these mines, sustainable future.
which are stringently audited under our responsible
sourcing programme.

Dedicated equipment and isolated production processes
are used to refine the RandPure® gold that is used to
fabricate the customer’s preferred gold products. The
products are serialised and certified with the provenance
and traceability confirmed by the RandPure® certificate.
The RandPure® certificate, therefore, provides a full
chain of custody from South African gold mine depositor
batches utilised in the specific range of serialised
products produced.

The jewellery industry holds immense potential to effect
positive change. Committing to responsible sourcing
can create a transformative impact on environmental
conservation and human rights. The choice to embrace
ethically mined gold has the power to reshape the
landscape of the industry, fostering sustainable practices
that prioritise people and the planet.

In addressing the ethical concerns of gold's history,
we are not only striving for a more ethical industry but

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