To assess and address the risks related to its future supply chain related to corruption or conflict minerals regulation, African Gold Group, Inc. has partnered with SAFE Ltd to get the assistance on current and impending regulations, and improvement in ESG standards. SAFE Ltd is a company focusing in providing the best in class advice and solutions for the companies who want the provenance and transparency in their supply chains.
SAFE has made a Digital Supply Chain Map for African Gold Group in order to evaluate and deal with all the risks associated with its future supply chain to cope with the issue of corruption or the impact of conflict minerals regulation. The Digital Supply Chain Map comes with the features that set a backbone in the implementation of the better technology to show provenance and traceability.
The visualization process before the start of operation helps the Company in making a risk-free and robust supply chain linked with gold from the production to finished product. End-users will have access to this supply chain to ensure integrity at every step of the process.
The Company will work with SAFE Ltd and its international partners in developing a complete solution for the provision of full oversight for the production of gold and it’s arrival to the end-user. SAFE has expertise with a team of legal partners, Squires Patton Boggs who have expertise in conflict minerals legislation, supply chain and operational personnel, and have decades of experience in logistics of commodities in the challenging countries worldwide.
AGG thinks this partnership is inline with its evolution towards the mainstream construction and operation as it has to be compliant with upcoming European Union strict regulatory framework on gold by the beginning of 2021 and meet its internal strategy to achieve highest levels of ESG operations.
AGG CEO, Danny Callow said, “The importance of ensuring full transparency and provenance along every point in the supply chain cannot be underestimated.”
“With a much more stringent regulatory framework due to be introduced on gold in the European Union at the beginning of 2021, as well as our own internal requirements to ensure that we operate at the highest levels of ESG, this partnership is timely in our evolution towards construction and operation.”
MD of SAFE, Dafydd Davies said, “Growing regulatory and commercial drivers mean customers increasingly need to mitigate risks in their supply chains.”
Safe. Ltd provides the services related to Legal Advisory, Business Process Optimisation, Technology Transformation through its own expertise of years and coalition with international partners.