MIAMI, Feb. 9, 2015 /CNW/ -- Republic Metals Corporation (Republic Metals) is proud to announce the addition of the Republic Metals Gold brand to the Shanghai Gold Exchange (SGE) Good Delivery List effective February 5th, 2015.
Republic Metals' gold product was inspected and assayed and achieved the superior quality and purity necessary to meet or exceed the stringent standards set out by the SGE; this inclusion allows Republic Metals brand gold to be traded and delivered against futures contracts on the Chinese market.
"RMC is now the only SGE Good Delivery Refiner in the entire Western Hemisphere, and one of only a handful of non-Chinese refineries to achieve this elite status. Our cutting edge refining process allows us to produce kilo bars that the Chinese market demands; with higher purity levels than any other global standard. RMC remains committed to increasing the liquidity, availability and reach of our now truly global brand," says Jimmy Gavilan, Senior Vice President of Market Development for Republic Metals.
Headquartered in Miami, Republic Metals Corporation was established in 1980 and has since grown to become one of the largest and most respected primary precious metals refineries in the world. Throughout its illustrious history, Republic Metals has displayed excellence in precious metals refining in a manner that is considered environmentally friendly, as demonstrated through its long-standing ISO14001 registration. Republic Metals currently holds listings on the LBMA, COMEX, and SGE with recognitions for responsible business practices from the Responsible Jewellery Council, Conflict Free Smelter Initiative, and Ethical Alliance. As an LBMA-designated "Responsible Gold Party," all business conducted by Republic Metals is performed in accordance with its stringent Patriot Act compliance and supply chain policies.
About The Shanghai Gold Exchange
"Officially starting operation on October 30, 2002, the Shanghai Gold Exchange (the "SGE") is a membership-based and self-regulatory legal entity established by the People's Bank of China (the "PBC") upon the approval of the State Council and registered with the State Administration for Industry and Commerce. Regarding facilitating market development as its top priority, the SGE organizes the trading of gold, silver, platinum and other precious metals and provides relevant services for members and investors in a cost-efficient manner by adhering to the principles of integrity, equitableness, justice and transparency."1
1. "SGE Introduction." SGE Introduction. Web. 20 Oct. 2014.
SOURCE Republic Metals Corporation