The Ticino refiner of precious metals Valcambi takes leave of the Swiss Better Gold Association. He considers inappropriate the pursuit of activities with the organization promoting an improvement in working and existence conditions in mines.
ATS
“This is a very thoughtful decision, which results from an in -depth analysis of future prospects and priorities,” said Simone KnoBloch, operations manager (COO) in Valcambi, quoted in a statement on Wednesday.
-The Balerna group recalls that it has joined the SBGA in 2015 and has since participated in the establishment of a certified sector between craft extractors in Colombia and an unidentified luxury brand, passing through its own refining capacities. Its withdrawal from the SGGA does not sign the end of its efforts in terms of responsible supply or improvement of operating conditions in craft mines, provides publication.
Valcambi had already slammed in the fall of 2023 the door of the Swiss association of manufacturers and merchants of precious metals (ASFCMP), on funds of irreconcilable disputes around the concept of dubious production gold. Unlike the ridge, the Bel Cantone firm refused to exclude certain countries of origin from its raw yellow metal supply.
Shortly before, the press had exhumed documents indicating that unlike its public commitments, the Ticino company had continued after 2019 to import gold from the Kaloti company, based in Dubai and suspected of being at the heart of silver laundering and gold trade from conflict zones.
