Metalor Singapore added to the Gold GD List
Thursday, July 17, 2014
Metalor Singapore, the newly created refinery of the Metalor Group, has been added to the LBMA’s Good Delivery List for gold with effect from 17th July, 2014.
Metalor Singapore is a 100% subsidiary of the Swiss-based company, Metalor Technologies International SA and 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.
The refiner is located in Singapore City. Its primary sources of feedstock are scrap materials sourced from industries such as the bullion and jewellery sectors and its refined gold output is in the form of 400oz and 1kg bars for investment purposes.
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 72 gold and 79 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.