November 14, 2025

PT Aneka Tambang (Persero) Tbk (Logam Mulia) - Incident Review Process (IRP) Concluded

The Incident Review Process (IRP) was invoked against PT Aneka Tambang (Persero) Tbk (Logam Mulia) on 5 June 2024 following concerns about the actions of former general managers relating to the Refinery’s brand stamping operations.

The focus of the IRP was on PT Aneka Tambang (Persero) Tbk (Logam Mulia’s) conformance to the Responsible Gold Guidance; the credibility of its assay lab was never in question. As an iterative process, the IRP involved extensive discussions with the Refiner, as well as the assurance provider. The IRP found no zero-tolerance non-conformances, and PT Aneka Tambang (Persero) Tbk (Logam Mulia) remains a Good Delivery List Refiner.

Background

The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by 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.