1. Statement of Alignment
Kingman Refinery acknowledges the importance of internationally recognised standards in the gold refining and precious metals industry. The Company is committed to aligning its policies, procedures and operational controls with the relevant principles and requirements of the LBMA (London Bullion Market Association) Responsible Sourcing Programme, where applicable to its scope of activities. This alignment supports Kingman Refinery’s commitment to responsible business conduct, regulatory compliance and supply chain integrity.
2. Scope of Alignment
Kingman Refinery’s alignment with LBMA standards applies to:
- Responsible sourcing practices
- Anti-Money Laundering (AML) and Know Your Customer (KYC) controls
- Source-of-gold verification and traceability
- Risk-based due diligence within the gold supply chain
The Company operates strictly in a post-mining, B2B industrial context and does not engage in mining or extraction activities.
3. Key Principles
In line with LBMA guidance, Kingman Refinery seeks to implement the following principles within its operations:
- Responsible sourcing: Ensuring that gold accepted, processed or exported is sourced lawfully and responsibly.
- Risk-based due diligence: Identifying, assessing and mitigating risks associated with counterparties, materials and transactions.
- Transparency and documentation: Maintaining appropriate records to support traceability, audit readiness and regulatory review.
- Continuous improvement: Periodically reviewing and enhancing internal controls in line with evolving best practices.
4. Relationship with LBMA
This statement reflects Kingman Refinery’s voluntary alignment with LBMA standards and does not imply LBMA accreditation, certification or membership, unless and until formally granted by the LBMA.
Any future application for LBMA accreditation would be subject to separate assessment and approval by the LBMA.
5. Ongoing Review
Kingman Refinery will periodically review its policies and procedures to ensure continued alignment with applicable LBMA guidance, regulatory requirements and industry best practices.
6. Final Statement
Through alignment with LBMA standards, Kingman Refinery aims to strengthen trust with regulators, financial institutions and business partners, and to contribute to a transparent, responsible and sustainable gold supply chain.