PAMP Signs Up to PPA Initiative in Support of the Responsible Trading of Ores Mined in Africa's Great Lakes Region
PAMP Signs Up to PPA Initiative in Support of the Responsible Trading of Ores Mined in Africa's Great Lakes Region
AsiaNet 54764
CASTEL SAN PIETRO, Switzerland, Oct. 25, 2013 /PRN=KYODO JBN/ --
Ticino-based PAMP SA, a leading global refiner of gold and other precious
metals and part of MKS Group, has signed up to the Public-Private Alliance for
Responsible Minerals Trade [http://www.resolv.org/site-ppa ] (PPA) alongside
Apple, Panasonic, Boeing and other mainstays in the high-tech arena.
- Indication: The media release can be downloaded free of charge under:
http://www.presseportal.ch/de/pm/100053608/?langid=2 -
Launched in November 2011, PPA runs pilot programmes that implement
monitoring systems ensuring full traceability along the entire value chain -
comprising the extraction, processing and marketing of ores mined in Africa's
Great Lakes Region, with a focus on precious metals.
The initiative aims to provide a fair-trade guarantee to the industry and
the general public alike according to which no materials have been sourced from
conflict areas or from operations where workers have been exploited. In
particular, programmes will support the enactment of a responsible supply chain
for small-scale operators in Africa's Great Lakes Region, thus playing a part
in the drive for stability in the area.
PAMP, Apple, Panasonic, Boeing and seven other companies recently joined
the PPA, to which currently belong 45 companies and global organisations active
in the utilisation of metals. Members include Microsoft, Ford, Hewlett-Packard,
Sony and Toshiba together with government agencies and representatives from
civil society. For details, please visit http://www.resolv.org/site-ppa
PAMP and MKS Group are delighted to be joining this alliance, which
embodies the values that they themselves are seeking to safeguard, and will
place their experience in ethical business practices at its disposal. For a
long time, MKS has been instrumental in moves to strengthen international
regulations governing the responsible trading of precious metals. The Group
also stands out as a pioneer in fair trade, through which it supports
small-scale gold operations and artisanal mines.
PAMP is active within several government and civil bodies such as the
Multi-Stakeholder Steering Group for OECD Due Diligence Guidance, the London
Bullion Market Association (LBMA) and the Swiss Better Gold Association.
PAMP is furthermore a certified member of the Responsible Jewellery Council
[http://www.responsiblejewellery.com/#_blank ] (RJC), members of which have to
comply with stringent ethical, social and environmental standards. PAMP is also
one of the first refiners to have passed the LBMA's Responsible Gold audit.
About PAMP SA
PAMP is the global reference in bullion and refined precious metals, and a
leading industry brand across key global marketplaces. PAMP has operated a
precious metals refinery in Switzerland since 1977. Its Ticino facility has
sophisticated installations for the production of bars, ingots, precious coins
and other products certified as meeting the most exacting purity standards.
PAMP is one of three Approved Good Delivery Referees in the service of the
London Bullion Market Association (LBMA) and the London Platinum and Palladium
Market (LPPM). PAMP's products are recognised as "good delivery" by the Swiss
National Bank, the LBMA, the New York Commodity Exchange (COMEX), the Tokyo
Commodity Exchange (TOCOM), the Chicago Board of Trade (CBOT), and the Dubai
Gold and the Commodity Exchange (DGCEX). The company is a certified member of
the Responsible Jewellery Council [http://www.responsiblejewellery.com/#_blank
] (RJC), members of which have to comply with stringent ethical, social and
environmental standards.
PAMP SA is a member of the MKS group of companies. With business spanning
the five continents, MKS Group has been trading precious metals on behalf of
institutional investors for over 50 years.
Media contacts :
B4 communication
Claude Baumann
+41-76-421-56-56
contact@b4com.com
PAMP SA
Olivier Demierre
Tel. +41-91-695-04-50
Fax. +41-91-695-04-51
SOURCE: MKS Group / PAMP
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