HZL 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.
HZL’s silver plant is located in Pantnagar, Uttarakhand.Its primary sources of feedstock are refinery mud and high grade metal from its operations in Rajasthan, India.Its refined silver output is in the form of ingots.
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 69 gold and 82 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.