Traceability at Newmont

Categories: Ethical Business Tags: ,

In 2013 Valcambi was the first gold refinery to produce traceable gold, known as Valcambi Green Gold, sourced only from mines that meet high environmental, safety and human rights standards. Valcambi Green Gold is fully documented, independently validated and processed in a dedicated facility.

In 2013, about 75% of the gold refined at Valcambi came from its mines and approximately 20,000 ounces of Valcambi Green Gold were produced, all of which were sourced from Newmont’s Nevada mines.

Wal-Mart uses Valcambi Green Gold and since 2008, Newmont has partnered with the retailer and Conservation International on Wal-Mart’s Love, Earth jewellery line, the first completely traceable mine-to-market jewellery collection. Wal-Mart requires each manufacturing partner of Love, Earth jewellery to adhere to strict ethical sourcing standards.