Responsible Sourcing Newsletter: Summit Takeaways, IBC Updates and RGG10 Consultation

Mon June 29 2026

LBMA Summit: From Dialogue to Action

The LBMA/WGC Sustainability & Responsible Sourcing Summit, held from 17–19 June, concluded with discussions that continue to influence the responsible sourcing agenda.

The event brought together leading experts and industry representatives to discuss a broad range of issues affecting the global gold supply chain. Topics included sourcing during geopolitical uncertainty, improving alignment and implementation of industry standards, and the role of technology in strengthening due diligence.

The Summit highlighted the progress achieved in reducing social and environmental risks within gold supply chains. Particular attention was given to technological innovations, including organizations such as Tech Against Terrorism, which help monitor the involvement of non-state actors in illicit supply chains.

Traceability technologies were another major focus. These tools, once limited to a small number of specialized laboratories, are becoming increasingly accessible and are now being integrated into responsible sourcing and due diligence processes.

A panel dedicated to artisanal and small-scale mining (ASM), moderated by Gregory Mthembu-Salter, received the highest attendee ratings. Rather than focusing solely on challenges, the discussion showcased successful sourcing initiatives from Peru, the Philippines, Ghana, and Mongolia. These programs demonstrated how responsible sourcing can create lasting structural improvements for mining communities and supply chains.

For those unable to attend, LBMA announced that recordings of the Summit sessions will be made available on its website in the coming weeks.

LBMA Convenes International Bullion Centres

LBMA hosted its first roundtable meeting with selected International Bullion Centres (IBCs) alongside the Summit.

Representatives from South Africa, Switzerland, Turkey, and the United Arab Emirates presented regulatory developments and responsible sourcing initiatives introduced since the publication of LBMA's 2020 International Bullion Centre Recommendations.

Participants also joined a moderated discussion led by David Soud, CEO of IR Consilium, exploring opportunities for greater collaboration.

The discussions highlighted several key priorities:

Aligning responsible sourcing standards with the OECD Due Diligence Guidance.

Supporting responsible sourcing from artisanal and small-scale mining (ASM).

Improving information sharing and reporting among participating jurisdictions.

Participants also proposed holding regular meetings, with the next gathering expected during the LBMA Global Precious Metals Conference in October in Sorrento, Italy.

UK Foreign, Commonwealth & Development Office (FCDO)

The International Bullion Centre engagement complements ongoing work by the UK's Foreign, Commonwealth & Development Office (FCDO).

LBMA welcomed the inclusion of gold-related issues within the agenda of the FCDO's Illicit Finance Summit, scheduled for December 2026.

The summit will bring together governments, international organizations, civil society, and private sector participants with the objective of strengthening international efforts to combat illicit finance.

Capacity Building

LBMA plans to conduct two training sessions later this year covering LBMA standards and responsible sourcing expectations for market participants in India and Turkey.

These sessions build upon similar training previously delivered in China.

Artisanal and Small-Scale Mining (ASM)

LBMA has released a new report titled Supporting Pathways for Responsible ASM.

The report reviews progress made between 2022 and 2025 in expanding opportunities for responsibly sourced artisanal and small-scale mined gold to enter formal international supply chains.

It outlines the work of LBMA's ASM Task Force, established in 2022 to address longstanding barriers to responsible ASM sourcing and to help create practical pathways for ASM material to become eligible for LBMA Good Delivery supply chains.

The report also describes progress in:

Multi-stakeholder engagement.

Development of practical due diligence tools tailored to ASM operations.

Strengthening responsible sourcing frameworks for artisanal mining.

LBMA concludes that these initiatives are helping build the foundation for greater harmonization of responsible sourcing standards and more effective implementation across the industry.

Public Consultation: Responsible Gold Guidance Version 10

LBMA has launched a public consultation on the draft Responsible Gold Guidance (RGG) Version 10.

The proposed revision focuses on four principal areas:

Advancing the risk-based due diligence approach for Secondary Gold.

Formally incorporating LBMA guidance and tools developed since Responsible Gold Guidance Version 9.

Reflecting broader developments in responsible sourcing practices.

Supporting alignment with European Union implementation requirements.

Interested participants are encouraged to review the Responsible Gold Guidance Version 10 consultation materials, which outline the proposed updates and implementation timeline.