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5huggy

More control over the gold markets

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This  IMHO is just another way of putting levies/taxation on what "THEY" can see is an upcoming lucrative market!

 

World Gold Council Launches Set of Principles for Responsible Gold Mining

The World Gold Council this week announced the launch of responsible gold mining principles that it says will offer a “new framework that set out clear expectations for consumers, investors and the downstream gold supply chain as to what constitutes responsible gold mining.”

The principles are divided into three categories: governance, social and environment.

“It is our aim that these Principles will become a credible and widely recognised framework through which gold mining companies can provide confidence that their gold has been produced responsibly,” the World Gold Council said. “The Responsible Gold Mining Principles are intended to recognise and consolidate existing standards and instruments under a single framework.”

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This looks like considering environmental impact of the mining, and also to prevent exploitation of miners. I know in certain parts of the world, for example in the Congo, and West Africa, it's a problem. Also in countries like Indonesia and Philippines. Sometimes it involves dangerous gold mining situations, lack of proper equipment, planning and oversight. Indeed many of those miners end up dying on the job... I've watched a few documentaries on it. Quite interesting.

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