Double certification for local precious metals refiner

The responsible sourcing and trading of gold and other precious metals that are legal and free from conflict are key in sustaining the precious metals industry, particularly in light of recent reports that estimate the illegal precious-metals trade to be worth as much as $1.3-billion a year. This is according to local precious metal refinery Metal Concentrators South Africa (Metcon) CEO Bernard Stern. Metcon, which is South Africa’s largest independent precious metals refinery was recently awarded double certification by the Responsible Jewellery Council (RJC) under its new code of practices (CoPs) and the chain-of-custody (CoC) standard for its trading and gold refining facilities in South Africa.