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Perth Mint First Refinery Accredited By Shanghai Gold Exchange

Topics [ gold refining gold refinery ]

REFINERY


Last week The Perth Mint was the first refinery to be officially recognised by the Shanghai Gold Exchange. While The Perth Mint’s bars have been imported into China for many years, the accreditation provides assurance to Chinese firms that the Mint’s bars are “good delivery”.

The Shanghai Gold Exchange accreditation confirms The Perth Mint’s standing as one of the most widely accepted marks in the international gold market, which it has been servicing for over 115 years. In addition to the Shanghai Gold Exchange accreditation, he Perth Mint’s brand is recognised by other leading gold and silver markets, including:

  London Bullion Market Association - first listed circa 1928


  CME Group (COMEX) - listed here


  Tokyo Commodity Exchange – listed here


  Dubai Gold & Commodities Exchange – listed here


China has become a major destination for the approximately 300 tonnes ($12 billion) of gold The Perth Mint refines from Australian and other regional mines each year.


Clarification: The Perth Mint is the first non-Chinese refinery to be recognised. SGE has accredited domestic refineries for many years.


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