RESPONSE TO THE SENTRY REPORT ON AGR – THE GOLDEN LAUNDROMAT – OCTOBER 2018

AGR notes with some considerable disappointment yet another NGO report that is littered with considerable factual errors, many of which are libelous and which shows a pathetic and total lack of understanding of regional issues and an appalling misunderstanding of the gold trade and global business.

AGR Chief Executive Officer, Alain Goetz stated ‘Today we finally see yet another pathetic attempt to destroy the much-needed reforms and changes needed in the African gold industry. These allegedly well-intentioned investigators and policy makers have ensured that smuggling and illicit gold trade will survive by taking clearly defamatory and false information from business rivals, the gold smugglers whom they are trying to stop and former business associates who were removed from AGR due to misconduct’. He added: ‘when I first started reading this report I thought it must be Mr. George Clooney’s latest movie script. It is a work of fiction. As a result, we will be taking all necessary legal action worldwide against the researchers, investigators, funders, board of the Sentry, printers and anyone who knowingly contributed false and defamatory information to the production of this sad and deeply erroneous report. Lives are being put at risk with this type of NGO report. Livelihoods are being ruined. The damage that they are doing is incalculable. These NGOs need to realize that they are a dangerous entity that make no positive contribution to Africa’s wellbeing. It is time they had a good hard look at what they do and the significant chaos they cause.

We would urge considerable caution to anyone who wishes to repeat these factual errors, many of which have been covered in previous NGO reports and found to be without substance.

AGR

WELCOME TO AFRICAN GOLD REFINERY

African Gold Refinery Limited (AGR) is a Ugandan-based company that has been established since 2014 and pioneering in the gold sector on the African continent. AGR’s state-of-the-art refining facilities offers the highest quality standards in line with refining, assaying, manufacturing as well as serving the mining industry on the continent.
ASSAYING

AGR-Certified Lab Engineers use the Fire Assay Method, also known as the Cupellation Method, to determine the concentration of gold and silver. Small sample of material has its precious metals chemically separated from the impurities and base metals contained in these materials.

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MELTING

AGR specialises in melting of gold and silver through a High Performance Electric Induction Furnace. This environmentally friendly technique enables us to convert large lots of gold and silver into grains or bars of several sizes and purity levels.

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REFINING

AGR offers the highest quality and the finest capacity of chemical refining currently available in the world. We have exclusively developed our chemical process of gold and silver refining, in which we use advanced systems to purify scrap gold and silver as well as high-grade doré.

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WHAT WE DO

With our broader supply chain efforts, AGR is fully committed to the responsible sourcing of gold, global trade and business practices and the same fundamental support of human rights, labour, health and safety, environment, ethics as well as anti-corruption and respect for intellectual property.

The principle of AGR ensures that before commencing on refining and melting process we endure some assessment whether our customers or business partners have carried out the entire fundamentals of due diligence for responsible supply chains of minerals. We continually strive to assure that our customers, employees, investors and other stakeholders avoid actions that may directly or indirectly finance armed conflict and serious human rights violations.