Welcome to this year’s first Newsletter from the Physical Services Team, keeping you updated on recent developments, projects and events.
The focus for 2025 remains on continuous improvement of the Good Delivery System and maintaining the integrity and transparency of the market.
2025 Physical Market Enhancements - Strategic Focus
Here are the top strategic outcomes the team will focus on this year:
- Gold Bar Integrity (GBI) Ecosystem.
- Advancing London Market Infrastructure.
- Advancing Good Delivery standards, with continuous improvement in Good Delivery application efficiency.
LBMA Assaying & Refining Conference 2025 - Register Now!
Register for the 11th Assaying and Refining Conference, taking place from Sunday, 16 to Wednesday, 19 March 2025 at the Royal Garden Hotel in London, UK.
The theme for the Conference is Sampling and Analytical Methods for Improved Precious Metals Evaluation.

l-r: Kim H. Esbensen, Russ Calow
We are pleased to be joined by Kim H. Esbensen (Senior Consultant & Professor, KHE Consulting) and Russ Calow (President, Calow Laboratory Consulting Ltd) as our keynote speakers for this event.
With just over a month to go, this four-day event promises to be an unmissable opportunity for professionals in the industry.
Highlights:
- 25+ Expert Speakers - Gain insights from leading experts in the field.
- Comprehensive Programme - Attend a series of technical sessions designed to enhance your knowledge and skills.
- Additional Workshop and Tours
Conference Registration:
- LBMA Member/GDL Refiner: £475
- Non-Member: £575
If you are a member of LBMA, LPPM, or a GDL Subscriber, please contact events@lbma.org.uk to obtain the Members code and complete your registration process.
The Assaying & Refining Conference provides a unique platform for companies that service and support assaying and refining within the industry to promote themselves.
More information on the Conference, including sponsor and exhibitor opportunities, programme, speakers, and workshop and tours, can be found via the event microsite.

Laying the Digital Foundation - LBMA Launches Digital Database for Gold and Silver Bars
LBMA is delighted to announce the launch of its Gold Bar Integrity (GBI) Database, marking a significant milestone in enhancing trust and transparency within the global precious metals market.
The Database officially went live in January, offering participants the opportunity to onboard and leverage this transformative digital platform.
All GDL refiners are asked to engage with the team and to complete the onboarding process as soon as possible.
Any refiners, but especially those with a reporting deadline of 31 March who have not yet been onboarded or who are experiencing difficulties, please reach out to the team at gdl@lbma.org.uk so that we can ensure you are ready to submit your data on time.
For more information regarding the the GBI launch, please visit the LBMA Newsroom.
