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Metalor Response to the Report published by the Association SPM on the gold imported by Metalor from Peru

Neuchatel, October 7 2015 - Metalor formally rejects the accusations provided in above mentioned report. Metalor continues to rely on its Due Diligence process that has been audited and validated by well-known international associations such as LBMA (London Bullion Market Association) and RJC (Responsible Jewelry Council).

In addition to our internal processes, each shipment coming from Peru is not only sourced from legally authorized mines but reviewed and checked by the customs authorities at the border to make sure they are in compliance with the Peruvian regulations.

The company is well aware of the situation in the Madre de Dios region and precisely because of that Metalor took the decision already in 2013 to stop any further sourcing of gold from that area. That decision has not changed and the company will continue to stick to it. In parallel Metalor has kept its on going support to the Peruvian authorities in this war against illegal mining and the devastating consequences it has brought to Peru.

Metalor Supply Chain Due Diligence policy (available in our web site) seeks to ensure that Metalor works only with partners which are committed to abide by strict rules in terms of anti money laundering, export licenses, conflict minerals, respect human rights and sustainability, which includes the full disclosure on the origin of the goods. In absence of these, Metalor refrains from accepting such supply source. Furthermore, we monitor our suppliers, including regular site visits by Metalor staff. These processes are in turn audited by the above mentioned international organizations.