TORONTO (miningweekly.com) – Vancouver-based New Gold’s executive chairperson, Randall Oliphant, has been elected chairperson of the World Gold Council (WGC), succeeding Goldcorp chairperson Ian Telfer.
"I am taking on the role at a time when gold has a wider significance than ever before across the world. From investments and capital markets, to the rise of the eastern consumer, gold is at the heart of many societies as they seek to store and protect their wealth. The WGC has been in the vanguard of developing innovative uses for gold, and it is a privilege to accept this role," Oliphant said in a statement.
The WGC is the market development organisation for the gold industry. Significant initiatives spearheaded by the WGC included publishing the ‘conflict-free gold standard’ and the guidance notes on ‘all-in costs’.
"Gold has been central to the preservation of global wealth in recent years, and as the West rebuilds following the financial crisis and the emerging economies of the world grow, gold will continue to play a central role in protecting the wealth and mitigating the financial risk of both nations and individuals,” WGC CEO Aram Shishmanian said.