World Gold Council

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The World Gold Council is a global lobbying organization for the gold mining industry . The aim of the organization is to stimulate and maintain the demand for gold . The organization is based in London and has offices in six different locations around the world. A total of 100 people are employed. The organization was founded in 1987 by gold mining companies.

Activity and organization

The organization focuses on the following sectors in promoting gold demand:

  • Investment, private and institutional investors
  • Jewellery
  • technology
  • Public sector, e.g. B. Governments and Central Banks

Chairman of the board is David Tate. David Harquail is the head of the supervisory board.

In 2003, the organization and financial service providers established the first exchange-traded fund on gold.

Gold ETFs sponsored by the World Gold Council currently manage more than US $ 87 billion.

Members

The organization has 26 members.

According to their own information, these mining companies account for around 60% of the world's annual gold production in 2011. As of November 2011, they had combined sales of more than US $ 80 billion and a market capitalization of US $ 250 billion. The members are:

public relation

In connection with gold mining, the media and NGOs cite two main points of criticism: environmental damage during extraction and the contribution made by gold from crisis regions to the financing of civil wars. Problems of exploitation and arbitrary land grab are closely related to this.

The organization tries to eliminate or improve the points of criticism with various measures. Among other things, there is an initiative for the sustainability of gold mining. In doing so, through voluntary commitments and certification of environmental management systems according to ISO 14001, the member companies should be encouraged to minimize the environmental impact of funding and to submit to the "International Cyanide Management Code".

The organization published several papers on these subjects:

  • December 2008: Safeguarding Workplace and Community Health: how goldmining companies are fighting HIV / AIDS, tuberculosis and malaria.
  • September 2009: the Golden Building Block: gold mining and the transformation of developing economies
  • 2010: The economic contribution of large-scale gold mining in Peru

The use of proceeds from gold mining to finance civil war and violence to by so-called conflict-free gold ( English conflict-free gold ) encountered are. New gold from conflict or high-risk areas should be fully certified and documented from the mine to the end of the refining process. This is intended to make it possible to understand the conditions under which the gold was mined.

Web links

Individual evidence

  1. ↑ Vision and Mission (Eng.)
  2. ↑ [1] , as of October 12, 2019
  3. ↑ [2] , as of October 12, 2019 (engl.)
  4. ↑ Template: dead link /! ... nourl  ( Page no longer available ) [3]  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.die-bank.de  
  5. ↑ Behind Gold's New Glister: Miners' Big Bet-on-Fund (Engl.)
  6. ↑ Company website , www.gold.org (Engl.)
  7. ↑ [4] , as of October 12, 2019
  8. ↑ Dangerous mercury when panning for gold
  9. ↑ Swiss aid organizations denounce mining companies
  10. ↑ Gold rush with risk
  11. ↑ US law stops trading in "bloody" gold
  12. ↑ International Cyanide Management Code For the Gold mining industrie (engl.)
  13. ↑ Template: dead link /! ... nourl  ( page no longer available ) Archived copy ( memento of the original dated December 12, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.gold.org
  14. ↑ How Gold producers are fighting disease - full report , (PDF)
  15. ↑ Template: dead link /! ... nourl  ( page no longer available ) PDF  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. 36 pp.@1@ 2Template: Dead Link / www.opml.co.uk  
  16. ↑ Template: dead link /! ... nourl  ( page no longer available ) Archived copy ( memento of the original from January 10, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.goldfacts.org
  17. ↑ WGC Launches Conflict Gold Initiative (Eng.)