An investigation by The Associated Press in January revealed how Sao Paulo-based Marsam shared ownership links and processes gold on behalf of an...
MIAMI — One of Brazil’s biggest gold refiners, which processes gold suspected of being mined illegally in the Amazon rainforest, has been stripped of an important industry seal of approval that global manufacturers from Apple to Tesla rely on to root out abuses in their supply chains.
With that lawsuit still going on, Marsam this month was quietly removed by the Responsible Minerals Initiative from a public list of smelters and refiners deemed to follow best sourcing practices. The assessment program run by a Virginia-based coalition of manufacturers emerged with the passage a decade ago of legislation in the U.S. requiring companies to disclose their use of conflict minerals fueling civil war in the Democratic Republic of Congo.
The Responsible Minerals Initiative wouldn’t disclose its findings, citing confidentiality agreements to encourage companies to participate in its evaluation process.
Illegal airstrips, toxic mercury ponds and forest-wrecking heavy machinery have proliferated throughout the Amazon as prospecting for gold on Indigenous lands and other protected areas has exploded in recent years. Weak government oversight enabled by President Jair Bolsonaro, the proud son of a prospector whose administration has facilitated mining in the Amazon, has exacerbated the frenzy.
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