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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.
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 ...
LBMA works with miners, investors, fabricators, ETFs, refiners, manufacturers, consumers, civil society and central banks from around the world. [3] In addition to acting as the voice of the global precious metals market, LBMA is the contact point for regulators, investors and clients.
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Last Friday, the Brent/WTI spread closed at around $13, and this is great news for refiners. Indeed, after a poor fiscal second and possibly third quarter thanks to a tightening Brent/WTI spread ...
In support of the 'Good Delivery' system, the company is one of three 'Approved Good Delivery Referees' in the world designated by both the LBMA and the LPPM. [1] [2] PAMP is the only refinery in Switzerland to simultaneously hold ISO 9001, ISO 14001, ISO 17025, OHSAS 18001 and SA8000 accreditations.
Refinery runs are expected to increase from an average of 15.4 million barrels per day in the first quarter to 16.2 million barrels in the third quarter, the U.S. Energy Information Administration ...
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 .