ABC Refinery, the refinery division of Pallion, which is the exclusive producer of the ABC Bullion products, has today been appointed to The London Bullion Market Association’s (LBMA) Good Delivery list for gold.
ABC Refinery’s appointment to this exclusive list is a testament to its ability to refine and produce gold products to LBMA level, universally regarded as the highest international standard. LBMA accreditation is given only to companies that meet the Association’s stringent assaying and bar quality criteria as well as its responsible gold and net tangible asset requirements.
The appointment makes ABC Refinery one of two LBMA accredited gold refineries in Australia (the other being Perth Mint)
Pallion CEO Andrew Cochineas said the accreditation is international recognition for the brand’s commitment to mining, refining and supplying superior gold product:
“ABC Refinery is delighted to be recognised amongst LBMA’s exclusive list of the world’s leading gold refiners. Australia is the second largest producer of gold globally and the addition of ABC Refinery to the LBMA good delivery list for gold gives primary producers in the region the benefit of choice.”
“As a wholly privately owned Australian business, LBMA accreditation is an important milestone not only for ABC Refinery but also the broader Pallion group which is a real Australian manufacturing success story.”
To be successful in attaining accreditation, ABC Refinery had to satisfy the LBMA of its ownership, history, production capability and financial standing. It also had to pass the LBMA’s exhaustive technical testing procedures, under which ABC Refinery’s ABC Bullion gold bars were examined and assayed by independent referees and its own assaying capabilities were tested added Mr. Cochineas.
Bullion Money is a proud supporter and distributor of the ABC Bullion branded bars. You can purchase ABC bars through Bullion Money here
About the London Bullion Market Association
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 73 gold and 82 silver refiners. 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. See www.lbma.org.uk
