The London Bullion Market Association (LBMA) is a London-based trade association, the purpose of which is to promote professional trading of both gold and silver metal.
The accreditation by the LBMA marks another important milestone in the history of HLH after its inclusion on the “Good Delivery” gold list of the LBMA and on the London Platinum and Palladium (LPPM) platinum list.
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the LBMA. It lists those refineries whose gold and silver bars have been found to meet the required standard for acceptability in the London bullion market. The LBMA Good Delivery List is representing the de facto standard for the quality of gold and silver bars. The assaying capabilities of the refiners on the Good Delivery List are periodically checked under a proactive monitoring program.
Heraeus Limited has satisfied the LBMA as to its 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.
Heraeus Limited -s refinery is located in Fanling, Hong Kong, and serves primarily the Asia Pacific region. Its main sources of feedstock are silver ore, dore from silver mines and the smelting industry, alloys and scrap jewellery. Heraeus Limited”s refined silver output is mostly in the form of large silver bars for investment; silver bars, grains and anodes for industrial use and sterling silver for the jewellery industry.
Dr. Horst Meyer, President of Heraeus Ltd. in Hong Kong said that “this is another great leap forward for our organization and will further strengthen our precious metal business, since we have been accredited by the LMBA for gold in 2006 and by the LPPM for platinum in 2008 !
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