Printer Friendly VersionGold GDL - PX Précinox SA
The gold refinery of PX Précinox SA of Switzerland has been added to the LBMA's Good Delivery List for gold with effect from 24th January, 2012.
PX Précinox SA 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.
PX Précinox SA is located in La Chaux-de-Fonds, Switzerland. Its primary source of feedstock is in the form of recycled metals sourced from manufacturing waste both internally and from its clients. Recycled bank ingots are also used in the alloy manufacturing processes. PX Précinox SA's primary output is in the form of alloys and semi-finished products for the luxury sector and for industry. Additionally PX Précinox SA produces gold in the form of bullion for investment purposes.
Background
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 63 gold and 72 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 Stewart Murray, Chief Executive, on Tel. +44 (0)20 7796 3067 or Fax. +44 (0)20 7796 2112.
Added: 24-01-2012