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Perth Mint Gold Certified as Conflict-Free

July 9, 2012 – The Perth Mint is now one of the first three gold refiners in the world certified under an internationally recognized Conflict-Free Smelter Program.

The voluntary Conflict-Free Smelter Program was developed by the Electronic Industry Citizenship Coalition and Global e-Sustainability Initiative and gives credible third-party valuation of the procurement activities of the smelter.

The Perth Mint is one of the largest gold refineries in the world and is working to boycott conflict gold and other minerals, which may have been procured on the world market through ethical controversy. The Mint has pledged investigations into the credibility of its sources in order to stem maltreatment and unethical circumstances that can sometimes accompany the precious metal in world market trading.

The Mint acknowledges it is impossible to accurately determine the origin of all recycled, second hand, or scrap gold. The Mint is responsible for refining all of Australia’s gold production, and also produces gold doré from the surrounding countries and gold jewelry scrap from Australian and Asian markets.

“By abiding by the recommendations of several industry initiatives, including London Bullion Market Association’s Responsible Gold Guidance, the World Gold Council’s Conflict-Free Gold Standard and the EICC/GeSI Conflict-Free Smelter Program, we believe we are doing everything in our power to meet industry best practice,” said David Woodford, a Refinery General Manager at the Perth Mint.

An approving assessment of the Conflict-Free Smelter Program’s validation protocols provides additional confidence that the gold that passes through the refinery is obtained from ethical sources. The Perth Mint supplies gold to some of the leading electronic companies in the world.

Warring factions and militia groups in conflict-ravaged parts of the world, in order to fund the conflicts and escalate levels of violence, allegedly trade conflict minerals, including gold among other precious minerals.

These minerals are used in many applications throughout the world, including electronics. Many consumer products that are staples of life in the US are potentially carriers for conflict minerals. These include mobile phones, televisions, laptop computers, and many others.

As investors continue an overall flight to gold in bullion bar and coin form, the Perth Mint also expresses a concern to service their customers with conflict-free gold.

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