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The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

Why we don’t Accept Mined Materials from Africa

December 24, 2013 18:19

At Manhattan Gold & Silver, we have some general guidelines about precious metal material that we cannot accept for refinement. Mined materials from Africa is part of that list, which sometimes draws questions from our customers. What’s wrong with African mined materials?

Africa is the largest producer of gold in the world. However, the mining operations there are not without conflict. While there are many legitimate mining companies operating in Africa, the United Nations' International Labor Organization estimates that as many as one million children between ages 5 and 17 work in the small-scale gold mines of Africa. The country of Burkina Faso is currently one of the areas where child labor in gold mines is prevalent – so much so that the US government prohibits buying the gold directly from there.

Mined materials are unrefined and unmarked, so it’s impossible to tell where they were mined and by whom. Even though mined materials from Africa may come from legitimate sources, there is no reliable way to know for sure. So, it’s our policy not to accept these materials.

Other precious metal material that we do not accept includes electronics or electronic components (such as computers, cell phones, or parts of such technology). Please don’t hesitate to contact us with any questions about your precious metals or what we do and do not refine.

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