Kennecott Utah Copper LLC added to the LBMA’s Good Delivery Gold List
Tuesday, April 22, 2014
The precious metals refinery of Kennecott Utah Copper LLC (Kennecott) of the United States of America has been added to the LBMA’s Good Delivery List for gold with effect from 22nd April, 2014.
Kennecott has satisfied the LBMA as to its ownership, history, production capability and financial standing. It has also passed the LBMA’s exhaustive testing procedures, under which its gold bars were examined and assayed by independent referees, and its own assaying capabilities were tested.
Kennecott is located in Magna, Utah. Its primary sources of feedstock are anode slimes from the refining of copper and mined material. Kennecott’s refined gold output is mainly in the form of cast bars.
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The List now includes 69 gold and 77 silver refiners.
About the London Bullion Market Association
The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members, including the setting of good delivery and refining standards, the organisation of conferences and other events, and serving as a point of contact for the regulatory authorities.
For further information please contact Ruth Crowell, Chief Executive, via email to email@example.com