ABC Refinery is proud to announce it has received accreditation from the CME Group for its premier gold product, the COMEX “GC” gold futures contract, effective 05 June 2020. The accreditation sees ABC Refinery bars added to the COMEX good delivery list of brands used to physically settle against the GC gold futures contract in New York.
The addition of ABC Refinery to the CME Group’s listing of good delivery brands for the GC gold futures contract offers traders and investors all over the world access to the ABC Bullion brand via the COMEX exchange.
ABC Refinery is the refining division of the Pallion Group, Australasia’s largest independent precious metal services group of companies and have been involved in the refining and processing of precious metals in Australia since 1951. ABC Refinery currently refines over 25% of all primary gold refined in Australia, continuing to gain market share through its world leading environmentally friendly “green gold” refining standard, with gold mining companies enjoying the benefits of refining with a modern, independent and highly efficient refinery. Australia is the second largest producer of gold in the world and this is a substantial increase in the physical gold supply chain for COMEX providing a significant benefit to the Australian gold industry and economy.
Inclusion in this prestigious good delivery list is a testament to ABC Refinery’s ability to refine and manufacture gold products to a world-class standard and meet the exacting technical standards of the CME Group.
This, the latest in a long line of accreditations, completes ABC Refinery’s accreditation status with the three major gold trading centres, alongside the London Bullion Market Association (LBMA) and Shanghai Gold Exchange (SGE).
