Uralelectromed's London Good Delivery status has been approved
07.02.2013 — News
The London Bullion Market Association (LBMA) has once again approved Good Delivery status for gold and silver bullion from Uralelectromed, OJSC (a subsidiary of the Ural Mining and Metallurgical Company).
UMMC's press office told RusBusinessNews that this status must be reapproved every three years. Ulralelectromed's products will hold London Good Delivery status until 2015 and may be traded freely on the global market for refined precious metals.
The Urals-based company was first included in the Good Delivery list for silver bullion in 2004, and then in 2006 for gold.
Uralelectromed, OJSC produces copper cathodes and electrolytic powders, nickel sulphate, powdered selenium, tellurium, products made from copper powder, gold and silver bullion, platinum-group metals, and lead-based alloys. The firm's production venues are located in four cities in the Sverdlovsk region, with the primary facility in Verkhnyaya Pyshma.
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