2023 Forum on Responsible Mineral Supply Chains

The new definition of “recycled gold” proposed by the Precious Metals Impact Forum, context and purpose

Apr 26, 2023 | 2:30 PM - 4:30 PM

Partner session - Room CC16


Organised by: Precious Metals Impact Forum Currently gold is considered to be “recycled” if it has been transformed at least once after its primary refining from freshly mined gold (also called virgin material). The specifics of which type of gold is included or not differs between OECD and current standard setters (LBMA vs RJC vs RMI vs UAE or other standard setters). This means that freshly mined gold can be converted into recycled without ever seeing a consumer. In the view of the working group which developed this new definition, this poses a significant risk of greenwashing. As the majority of the consumers associate the definition of recycled with responsible, there was a need to come up with a more precise definition of what “recycled” gold is, that fulfills the criteria given by the general perception of recycling. This session will offer a panel discussion of different actors of the gold sector, who will discuss their perception of the current definitions and of the new proposed definition of recycled gold. We expect this session to be interactive and to allow discussions between panelists and the audience for an open and honest discussion around such an important subject.

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