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Artigo

12 Set 2015

Author:
Valcambi (Switzerland)

Valcambi has not received any gold from the mines mentioned by Berne Declaration - brief details of the process followed by Valcambi while dealing with its suppliers and buyers

What are the commitments of Valcambi regarding the transparency of the precious metal’s provenience? Valcambi attaches great importance to our obligation to responsibly and transparently source precious metals. This includes but is not limited to:  continuous verification and compliance audits of our entire supply chain by independent auditors,  periodical certification through a number of third-party and independent assurance processes,  strict compliance with the guidance and principles developed by the Organization for Economic Co-operation and Development (OECD), the London Bullion Market Association (LBMA) and the World Gold Council (WGC). Valcambi’s significant efforts in this area also include the Know Your Product (KYP) process. Valcambi also engages with NGO’s and actively shares and works on strategies to develop mining projects especially of artisanal mines in order to protect the workers at the mine site, their families and improve working conditions and wages. Which measures are undertaken by Valcambi in case of doubts regarding the performance of precious metals’ suppliers? In case doubts or accusations arise regarding the performance of one of our suppliers, Valcambi asks the supplier to address the accusation and provide an in-depth explanation. If Valcambi is not convinced and any further questions remain and the accusations appear to hold merit or in case they are not adequately addressed, Valcambi conducts an additional investigation to evaluate if the supplier has complied with our standards of safety, environmental and social performance...Based on the facts of the report and accusation made by the Berne Declaration we have thoroughly audited our records and we can confidently state that none of the gold received by Valcambi has originated from any of the 5 mines mentioned by Berne Declaration. The statement of Berne Declaration that Valcambi has failed to investigate the origin of gold and therewith would have infringed both international standards as well as its own supply chain policies are both unsubstantiated and false and Valcambi rejects these allegations.

Part of the following timelines

Valcambi "purchases gold extracted by children" in Burkina Faso, smuggled via Togo, says Berne Declaration - company responds

Valcambi achète de l'or extrait au Burkina Faso et trafiqué via le Togo, affirme la Déclaration de Berne; l'entreprise répond