SAXONIA Holding GmbH - added to the LBMA’s Silver Good Delivery List
Monday, January 27, 2014
The precious metals refinery of SAXONIA Holding GmbH (SAXONIA) in Germany has
been added to the LBMA’s Good Delivery List for silver with effect from 27th January,
SAXONIA 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 silver bars
were examined and assayed by independent referees, and its own assaying capabilities were tested.
SAXONIA is located in Halsbrücke, Germany. Its primary and secondary sources of silver feedstock
are scrap jewellery, coins, cutlery, silverware, precious metal concentrates, waste and scrap metal
from the electronics industry, industrial photo and film products and solar industry catalysts.
SAXONIA’s refined silver output is mainly in the form of bars, grain, crystals, silver fine
chemicals and compounds. In addition, they produce semi-finished products such as wires, strips
and bars for various industries, as well as other investment, jewellery and industrial products.
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 67 gold and 78 silver refiners.
About the London Bullion Market Association
The LBMA is the international trade association that represents the market which is centred in
London but which has a global client base, including the majority of the central banks that hold
gold, private sector investors, mining companies, producers, refiners and fabricators. The current
membership includes over 140 companies which are either actively involved in the loco London
bullion market or which provide services to the market, such as supervising and assaying. 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