In the last edition of the Alchemist we introduced a new feature looking at new members to find out more about the company, including its role within the precious metals market and its reasons for wanting to join LBMA.
Here, we introduce a similar feature for new Good Delivery List (GDL) accreditations. It’s the same five questions with five different answers.
We welcome ABC Refinery, which was added to LBMA’s Silver Good Delivery List (GDL) on 4 November 2021. They have been an LBMA GDL gold refiner since 2015.
FIVE QUESTIONS, FIVE ANSWERS
What were the reasons for you wanting to join LBMA and what do you see as the key benefits of GDL accreditation?
LBMA is the world’s foremost authority in the gold and silver market. It defines the global framework for precious metals quality and responsible sourcing. Our GDL accreditation for gold and now silver reflects ABC Refinery’s commitment to ESG principles. Considerate® Precious Metals is the collective term for the ESG initiatives that are incorporated into all precious metals that ABC Refinery produces. It is the basis of our corporate ethos and encompasses all sustainability, responsible sourcing, compliance, environmental and community initiatives undertaken by ABC Refinery and the broader Pallion Group.
Tell us about your company’s role in the precious metals market?
ABC Refinery and the broader Pallion Group see their collective role as innovators in the global precious metals market. Unconstrained by legacy, our corporate ethos is to partner with our clients and suppliers for mutual benefit, employing the latest technological innovations and the best people. Of particular importance is our commitment to producing Considerate® Precious Metals, utilising the largest zero-emission refining capacity in the world. Details of our sustainability initiatives are contained in our annual Considerate® Precious Metals Report, which is available at: www.pallion.com.
ABC Refinery and the broader Pallion Group see their collective role as innovators in the global precious metals market.
What’s the background and history of the company?
ABC Refinery is the refining division of Pallion Group, Australasia’s largest independent precious metals services group of companies, which has been involved in the industry since 1951. ABC Refinery is accredited or accepted as a trading partner by LBMA, SGE, COMEX, SBMA and NATA.
Headquartered in Sydney, Australia, Pallion Group is comprised of two core divisions – Bullion and Jewellery – which supply precious metals products globally under six brands: ABC Bullion, ABC Refinery, Palloys, GoldenAge International, Custodian Vaults and W.J. Sanders. Pallion entities process, manufacture and trade precious metals throughout the entire precious metals value chain, providing the following goods and services: bullion; refining and minting; casting and jewellery; fabricated metals and findings; gold and silver smithing; and vaulting.
How has the Covid-19 pandemic changed your business and what lasting impacts do you think it will have on the market?
Throughout the COVID-19 pandemic, we took active steps to insulate ABC Refinery and the broader Pallion Group and our employees from the effects of COVID-19, such that all production facilities continued to operate without downtime. Perhaps the largest lasting impact has been the permanent implementation of a multi-site model to provide built-in contingency and ensure continuity of operations. This measure includes the implementation of multi-segregated shifts and the off-pavement collection and dispatch of all physical precious metals without any direct human contact.
What are your future plans for the business?
We plan to remain steadfast in our commitment to partnering with our suppliers and clients for mutual benefit, employing the latest in precious metals technologies and the world’s best people. In so doing, we are committed to furthering our aim to produce responsibly superior precious metals products for the world market.
We are committed to furthering our aim to produce responsibly superior precious metals products for the world market.