London Good Delivery Certification LBMA

Gold and silver by Chimet are «good delivery» certified: our gold and silver bars satisfy the strict conditions of London Bullion Market Association LBMA

London Bullion Market Association (LBMA) sets and supervises the highest standards about refining, documentation, transport and conservation of the gold and silver bars circulating in the international official market, in governments gold reserves, in central banks and in the International Monetary Fund. Being part of the certified producers is the most prestigious recognition on the global market. LBMA coordinates the wholesale negotiation of gold and silver. It updates and publishes Good Delivery lists which define a series of parameters a refiner and its precious metal have to conform to, in order to be admitted to negotiations. For example, for gold and silver a refiner has to:

  • gain a three year-lasting experience in producing refined metal
  • produce no less than 10 tons of gold and 30 tons of silver
  • have a business equal to 10 million pounds at least
  • prove to own the structure and have administrators.

Producers periodically subject to the control of the gold and silver bars, in order to verify their quality.
Good Delivery gold and silver have to:

  • be bar-shaped
  • be pure at least at 99,9% (silver) or 99,5% (gold)
  • weigh between 750 and 1100 oz. (silver) or between 350 and 430 oz. (gold)
  • be weighed in troy ounces (silver) or fine troy ounces (gold).

Chimet is in the Good Delivery List: it has an international certification for the quality and purity of its gold and silver.

Emissions

Chimet’s waste has some of the most innovative and efficient waste disposal systems in the world. Emissions monitoring is conducted in real time and data are available to the public after the validation of ARPAT.

Details

Who said?

"..the objective is to reduce the production of waste, and just like the incentive for the separation of rubbish for disposal purposes, these are important signals of a correct environmental policy, although rubbish should also be eliminated..."
Matteo Renzi, Major of Florence

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