07/08/2025 | Impact
Sustainable Development Goals: Peru leads the way in Latin America
While the picture remains mixed at the global level, the country has made significant progress on se
Soleil Metals
Soleil Metals mission is entirely focused on an observation: Artisanal Small-Scale Miners («ASM») is an industry estimated at close to US$2 Billion per year in Peru, a country where mining is the dominant sector. Without access to international markets, they are confined in poverty traps that hinder the development of local communities. Refiners and end users downstream in the chain are unable to source mining gold that meets their strict ESG requirements. As a member of an international group entirely focused on the creation of a responsible value chain, Victoria and Yakari are seeking to reduce the gap between these actors.
Committed to sourcing sustainable and responsible gold ore, Soleil Metals helps artisanal miners comply with the requirements of the LBMA, the independent authority for precious metals, of which its parent company OCIM is a full member, through concrete actions in the field. These requirements are wide-ranging and extend from the safety of ASM communities to their social protection, waste management, and the legality of the framework in which they operate.
Due to a lack of formalization and access to international markets, artisanal mining communities often turn to unscrupulous middlemen and receive only a fraction of the price of their production for their labor.
Soleil Metals offers these communities a fair price and purchasing conditions that fairly reward them for their labour.
Since 2024, parent company OCIM has been participating in a support initiative set up by the Swiss Better Gold for small miners working in the Arequipa region of southern Peru. The initiative comprises two successive and complementary phases :
A new phase of this ambitious and successfull initiative is already planned.
Soleil Metals is part of leading institutions in the precious metals ecosystem through its parent company OCIM. The group is a Full Member of LBMA, which reflects its expertise in formalizing ASM value chains, through its participation at the ASM Toolkit. OCIM is also a member of the Swiss Better Gold Association alongside prestigious brands, renowned manufacturers, service providers and other financial players, which allows it to play an active role in improving practices, formalising artisanal miners and ensuring the traceability of gold supplies to the Swiss market.
London Bullion Market Association (LBMA) is the global regulator of precious metals. The LBMA has set up an ASM Task Force, in which OCIM is actively participating, whith a goal of providing ASM miners access to LBMA Good Delivery accredited refiners while helping such refiners to carry out due diligence on these ASM chains.
Swiss Better Gold (SBG) is a Swiss association providing support to artisanal, small and medium scale gold mining developing effective, sustainable and responsible supply chains. SBG is building an increasing flow of of responsibly produced ASM Gold for use by the most prestigious brands that are active members of SBG.
