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Swiss group to suspend Ugandan gold imports
A leading Swiss precious metals company said yesterday it was suspending gold imports from Uganda because of controversy over the origin of the supplies. The measure by Metalor Technologies...follows investigations by UN experts and human rights groups into armed militias' involvement in the gold trade in the Democratic Republic of Congo's volatile eastern provinces bordering Uganda...Scott Morrison, the Swiss company's chief executive, told the Financial Times...Metalor was satisfied all its Ugandan imports came from domestic production. But the company would suspend purchases once current deliveries were completed, because of the risk to its reputation...the company said Uganda accounted for a very small part of its gold supplies and that Metalor was a "minor player" in the country's export trade compared with South African refiners.