Responsible Gold Mining Principles, which is a draft made to be known by the World Gold Council, seeks to provide valid information on responsible gold mining practices. This includes respecting local people and their rights abiding by ethics. Responsible Gold Mining Principles sets forth new guidelines. These guidelines include clearly laid intentions of practices to stakeholders, investors, and other participants as to what responsible gold mining is defined as.
Alec Sellem is the CEO of Sellem Industries LLC, and is one of the gold mining industry’s leaders today. He participates in a panel at the United Nations in New York City and has contributed to the Responsible Gold Mining Principles draft.
Sellem understands that responsible gold mining has a priority to protect the welfare and security of the local communities and mining companies. A finding of gold in any area has the potential to drive the economy forward with positivity, especially in a developing country.
A gold mine has the potential to have long-lasting effects if the wealth is used properly. Responsible gold mining in this area is key because it leads the way in the creation of new jobs, transportation, electricity, bettering schools and local programs and driving a country forward. See This Page to learn more.
According to Alec Sellem, responsible gold mining also means that the wealth gained from a gold mine isn’t used in any unethical way. This is especially important because in over half of the countries mined for gold, war and social development are two of the largest concerns. Understanding responsible gold mining means that there is no funding towards weapons or fighting in the countries that are war-torn.
Alec Sellem hopes to lead the way for the Responsible Gold Mining Principles to become the international standard. With clear cut intentions, it won’t be hard for the industry to adopt these changes.