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LBMA Good Delivery refiners produce 400-ounce gold bars or 1000 ounce silver bars (also known as ‘large’ or ‘market’ bars) that conform to the strict specifications described in the Good Delivery Rules. The Good Delivery Rules defines what is acceptable when it comes to the appearance and the shape of the bars themselves.
Most of the members are major international banks or bullion dealers and refiners. The physical characteristics of gold and silver bars used in settlement in market is described by the Good Delivery specification which is a set of rules issued by the LBMA. It also puts forth requirements for listing on the LBMA Good Delivery List of approved ...
The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. [1] It also puts forth requirements for listing on the LBMA Good Delivery List of approved refineries.
Up until the end of September, U.S.-based refiners were a hot place to be for investors. Many of these companies saw stock price appreciation above 50% from Jan. 3 to Sept. 23; Western Refining ...
Both have to meet their strict guidelines. Bullion products from these trusted refiners are traded at face value by LBMA members without assay testing. By buying bullion from an LBMA member dealer and storing it in an LBMA recognized vault, customers avoid the need of re-assaying or the inconvenience in time and expense it would cost. [32]
When California gasoline prices topped $5 a gallon early last month, the state's big refiners said they were performing maintenance at some of the plants and a couple were recovering from forced ...
The Martinez Refinery, owned by PBF Energy, is located in Martinez, CA. PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products.
Rand Refinery (Pty) Limited is the world's largest integrated single-site precious metals refining and smelting complex. It was established in 1920 to refine gold within South Africa , which had previously been refined in London .