YAMANA GOLD

One of the biggest conversations in mining , throughout history , surrounds the sourcing and supply of raw material , and now a number of companies are investing into technology solutions in order to track , trace and ethically manage its mineral supply chain .

One such company that looks for innovative solutions to mining challenges is Canadian gold producer Yamana Gold . The company ’ s vision states its intentions clearly – to mine precious metals profitably and responsibly .

It is this focus on responsible mining that has driven the company to partner with Emergent Technology Holdings to implement an innovative blockchain solution for the responsible sourcing of gold , making it the first in the industry to partner with the American firm .

“ We are not the only ones working on supply chain solutions in the gold sector , but in our view , this solution , in particular , is unique ; it adds significant value to both us , as industry participants , and more so to people in communities where we mine and buyers , consumers and investors of precious metals . On the one hand , it leverages blockchain technology to execute supply chain contracts between miners , refiners , logistics providers and buyers in what has historically been a very manual and inefficient process with data recorded across disparate systems and several industry participants . This solution is certainly an improvement . And , perhaps more importantly , it leverages this technology to track and trace the provenance of gold from mine to vault , providing virtually absolute assurance that the gold produced through this supply chain solution is responsible gold , complying with the strictest due diligence standards including the World Gold Counsel ’ s Conflict-Free Gold Standard . There ’ s a market for that . We are starting to see pent

118 June 2018