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Thursday, September 22, 2011

Conflict Gold Guidelines #1 Priority For LBMA

The London Bullion Market Association is working out ways for refiners on its Good Delivery List to avoid falling foul of new regulations against conflict gold as a "number one priority," LBMA chairman David Gornall told Reuters on Sunday.

1 comment:

  1. It is unfortunate that this has taken so long. In 1999, Dr. Martin Kunz and I developed guidelines for this during a trip to Lesotho and South Africa. I was politely (actually not so politely) asked to leave South Africa with their hopes that I would never return.

    More recently, and I only relate these stories because they can only help Haber, I published a response to the big-shot Washington guys that were trying to make an issue over Coltan from the Congo. I mentioned that during my time in East Africa, I was offered way more gold than coltan - all of the coltan that I saw was bogus, but there were gallon baggies full of gold nugget that were coming from the Congo. Of course, I couldn't deal in any of this gold, because of the mission that I had in the region, but Pendergast's group automatically responded that there was no possible way that gold was also involved in the coltan thing in the Congo - guess what folks? They're still doing diamonds through there also - how many hundreds of thousands are dead now?

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