LBMA launches RfP to digitise responsible gold guidance
The London Bullion Market Association (LBMA) has launched a request for proposal (RfP) for a digital ecosystem that will provide trust and confidence to support the integrity of the market, and the gold that underlies it.
The move, which follows last year’s Gold Bar Integrity initiative that was launched in collaboration with the World Gold Council, invites selected service providers to present solutions designed to establish a secure, efficient information-sharing framework.
The new database will address challenges within the gold value chain, and strengthen the assurance to end-users, investors, banks and other stakeholders of the integrity of the metal they trade or buy.
This underscores LBMA’s commitment to setting industry standards based on transparency and responsible sourcing.
“Our goal is to establish an efficient platform combining information about the sources of LBMA Good Delivery metal, refinery production, vault holdings, and other key intelligence all within the context of enhanced standards for responsible and sustainable sourcing,” says LBMA CEO Ruth Crowell.
“Working with the over 100 LBMA-accredited refiners, banks, traders and other groups, we aim to build a resource able swiftly to provide coordinated data. This will increase the efficiency of LBMA's investigative processes, and our ability to provide timely responses to enquiries from the precious metals community,” she adds.
Comments
Research Reports
Projects
Latest Multimedia
Showroom
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
