Republic Metals Corporation is proud to be among the first Good Delivery Refiners in the world to receive the Responsible Silver Certificate from the London Bullion Market Association... This achievement is a testament to Republic Metals’ exemplary due diligence in its supply chain practices.
MIAMI (PRWEB) May 16, 2018
Republic Metals Corporation is proud to be among the first Good Delivery Refiners in the world to receive the Responsible Silver Certificate from the London Bullion Market Association (LBMA).
In early March, Republic Metals Corporation’s sourcing process was audited and found to be in compliance with the new LBMA Responsible Silver Guidance and the existing Gold Guidance. The LBMA officially awarded Republic Metals with the Responsible Silver Certificate, and recertified its Responsible Gold Certification on Monday, April 30th. This achievement is a testament to Republic Metals Corporation’s exemplary due diligence in its supply chain practices.
“The Responsible Silver and Responsible Gold Certifications, provide our downstream clients with additional assurance that all silver and gold bearing the Republic Metals Corporation logo, is responsibly sourced and conflict-free, promoting the protection of human rights for all. Republic will continue to improve and build upon its high standards of supply chain due diligence to combat money laundering and terrorist financing.”, said Rich Lani, Compliance Director of Republic Metals Corporation.
The new Responsible Silver Guidance is based on the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. It unifies and solidifies existing standards for supply chain due diligence in pursuance of the responsible sourcing of silver.
About Republic Metals Corporation
Headquartered in Miami, Republic Metals was established in 1980 and has since grown to become one of the largest and most respected primary precious metals refineries in the world. Throughout its illustrious history, Republic Metals has displayed excellence in precious metals refining and minting in a manner that is considered environmentally friendly, as demonstrated through its long-standing ISO14001 registration. Republic Metals currently holds listings on the LBMA, Shanghai Gold Exchange, and COMEX with recognitions from the Responsible Jewellery Council and Conflict Free Smelter Initiative. As an LBMA-designated Responsible Gold and Silver Party, all business conducted by Republic Metals is performed in accordance with its stringent Patriot Act compliance and supply chain policies.