TaeKwang Industrial Company Achieves Sixth Certification Under the International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that TaeKwang Industrial Company, Ltd.’s (TaeKwang) cyanide production plant in the Republic of Korea has been recertified in full compliance under the International Cyanide Management Code (Cyanide Code).  This is the sixth Cyanide Code certification of TaeKwang’s cyanide production plant.

TaeKwang’s cyanide production plant was initially certified in full compliance under the Cyanide Code in April 2008, and was recertified in March 2011, in May 2014, in June 2017, and in July 2020.  As required under the Cyanide Code, the cyanide production plant was again audited against ICMI’s Production Verification Protocol within three years of its previous certification by an independent professional third-party auditor. ICMI has received and accepted the auditor’s Summary Audit Report and Detailed Audit Findings Report, which found that TaeKwang’s cyanide production plant had maintained full compliance with the Cyanide Code’s Principles and Production Practices since its most recent certification. The Summary Audit Report and Auditor Credentials Form are available on TaeKwang Industrial Co., Ltd’s Signatory Page on the Cyanide Code website. The operation must be re-audited every three years to evaluate continuing compliance with the Cyanide Code.

The Cyanide Code is a voluntary industry program focused on the safe and environmentally responsible management of cyanide by companies producing gold and/or silver and by companies manufacturing, warehousing, and transporting cyanide. The Cyanide Code was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee, and is amongst the most established certification programs in the mining sector. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdiction in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process for operations using, producing, and transporting cyanide. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org.  We invite you to read our 2022 Annual Report, which can be viewed here.

Monday, August 21, 2023