Gold Coast Refinery Limited has been certified to the Code of Practices of the Responsible Jewelry Council (RJC).
It in this manner becomes the first gold processing plant in Ghana and West Africa to be ensured to the Code of Practices of the RJC, a member of the London Bullion Market Association (LBMA) liable for the jewelleries and watches industry.
In the recent past, Gold Coast Refinery was given the option to mint the Asantehene’s memorial gold coin.
RJC is the leading standard authority in the global watch and jellewery industry and works with members worldwide to make an economical supply chain.
By this action, Gold Coast Refinery is presently a certified member of the chamber for a three-year span.
The accreditation is given as per guidelines and supporting documentation of the Code of Practices 2019, which is lined up with the OECD Due Diligence Guidance and the UN Guiding Principles of Business and Human Rights.
Through the execution of the Code of Practices, members contribute towards the United Nations 2030 Agenda and the 17 Sustainable Development Goals.
With this, it implies accomplishing RJC Code of Practices certificate is a persistent improvement process that calls for investment and time.
Gold Coast Refinery have gleaned tons of useful knowledge about their own operations, worked on a portion of their processes, and created and executed new ones. The company has also had strong engagement with their business partners and stakeholders.
RJC certification promotes trust in the global fine jewellery industry by ensuring that companies adhere to responsible business practices.
A statement by Gold Coast Refinery said the company was “excited to begin this new chapter of becoming the premium gold refinery on the continent and client’s refinery of choice as this will enable Ghana gold buyers to source gold from responsible miners and also refine the gold before export and trade exit”.
“It is, therefore, important to demonstrate commitment to stakeholders to apply the highest standards of responsible sourcing and sustainable business practices.
“Ghana has an enormous potential and the ability to meet its ambitious domestic gold purchase programme and the development of responsible supply chains of gold from artisanal and small-scale mines,” the statement added.
The RJC Code of Practices is the only industry standard covering the entire jewellery and watch supply chain as approved by the LBMA.
Chain of supply transparency and trust go hand-in-hand in the jewellery and watch industry.
About Gold Coast Refinery:
Gold Coast Refinery is the first complete gold processing plant in West Africa and the first in Ghana to be granted an product confirmation permit by the government of Ghana to trademark refined bullion of more than 995 purity, and to market and sell its done product, including refined gold bars and emblems, on both local and international bullion markets.
The refinery’s services include smelting and assaying, refining, bar manufacturing, inspection and certification, hallmarking, vault services, logistics and export, capacity building and training.