Comminuque of Standards and Refineries of Gold To Be Transacted On The Precious Metals Exchange

(Published in the Official Gazette dated 01.07.2001, No: 24449,)
(The Bulletin published in the Official Gazette dated 11.25.2004, No: 25651, amending the article 4 of the Bulletin has been added to the relevant (4th) article)

According to the articles 4 and 21 of the General Regulation concerning, the foundation and Operational Principles of Precious Metals Exchanges dated April 3, 1993 and article 4/a of the Regulation concerning, the Principles of Issuance of Precious Metals Exchange Membership Certificate and the Conditions of the Foundation and Operation Principles of Precious Metals Exchange Brokerage Houses dated October 16 1993, gold standards to be subject to transactions on the Precious Metals Exchange, are determined as following:

ARTICLE 1- Gold bullions which are transacted on the international markets and have the official seal of the refineries listed in the article 4, shall be transacted in the Precious Metals Exchange.

ARTICLE 2- The specifications of the gold bullions which shall be transacted in Exchange is listed below:

a) The weight of the bullions must be
Minimum 10,88622 kg 24 carat (350 ounces fine gold)
Maximum 13,37450 kg 24 carat (430 ounces fine gold)

b) The fineness must be at least 995/1000

c) Every bullion must have the seal of one of the refineries in ARTICLE 4, bullion serial number and bullion fineness;

d) The surface of the bullions must be smooth, without blisters, crust or signs of cavity and the corners of the bullion must not be sharp so as to carry and store easily.

ARTICLE 3- - Transactions of purchasing and selling gold in the Exchange shall be realized by gold bullions indicated in articles 1 and 2. However the delivery and admittance of shaped standard gold bullions of 1 gr, 5 gr, 10 gr, 50 gr, 100 gr, 250 gr, 500 gr, and 1 kg weight which are produced by the refineries listed in article 4, can be organized by the Exchange Clearing Department separately, due to customer demands and stocking facilities.

ARTICLE 4- The refineries whose golds can be transacted in the Precious Metals Exchange are as follows:

COUNTRY	COMPANY
USA	Asarco Incorporated
	Engelhard Corporation (Anaheim Refinery)
	Engelhard-CLAL USA
	Handy & Harman Refining Group Inc.
	Homestake Mining Company
	Johnson Matthey Inc
	Metalor USA Refining Corporation
	United States Assay Offices & Mints
Germany	Degussa - Hüls AG
	W.C. Heraeus GmbH
	Norddeutsche Affinerie Aktiengesellschaft
Australia	Golden West Refining Corporation Limited
	Johnson Matthey (Aust.) Ltd.
	Western Australian Mint trading as Australian Gold Refineries
Belgium	Union Miniere SA
	Business Unit Hoboken
Brasil	Banco Ourinvest SA
	Casa da Moeda do Brasil
	Degussa SA
	Goldmine Fundidora Ltda
	Mineraçao Morro Velho Ltda
	CRM-Companhia Real de Metais
China	Refinery of China
	The Great Wall Gold&Silver refinery of China
	Neimenggu Precious Metal Refinery of Chine
Indonesia	PT Aneka Tambang (Persero) Tbk
France	Engelhard-CLAL S.A.F.
Philippines	Central Bank of the Philippines
S. Korea	LG Metals Corporation
	Korea Zinc. Co. Ltd.
	LG - Nikko Copper Inc.
S. Africa	Rand Refinery Limited
Holland	H Drijfhout & Zoon's Edelmetaalbedrijven BV
	Schöne Edelmetaal BV
England	Engelhard-CLAL UK Limited
	Johnson Matthey PLC
Spain	Industrias Reunidas Minero-Metalurgicas, SA (Indumetal)
	Sociedad Espanola de Metales Preciosos SA (SEMPSA)
Sweden	Boliden Mineral AB
Switzerland	Argor-Heraeus SA
	Cendres & Metaux SA
	Metaux Precieux SA Metalor
	Pamp SA
	Valcambi SA
Italy	Chimet SpA
	Metalli Preziosi SpA
Japan	Ishifuku Metal Industry Co., Ltd.
	Mitsubishi Materials Corporation
	Mitsui Mining and Smelting Co., Ltd.
	Nippon Mining & Metals Co., Ltd.
	Sumitomo Metal Mining Co., Ltd.
	Tanaka Kikinzoku Kogyo K.K.
	Tokuriki Honten & Co., Ltd.
	Matsuda Sangyo Co., Ltd.
N. Korea	Central Bank, DPR of Korea
Canada	Johnson Matthey Limited
	Noranda Metallurgy Inc. (CCR Refinery)
	Royal Canadian Mint
Kazakistan	Ust-Kamenogorsk Lead
	Kazzinc Joint Stock Company
Kyrgyzstan	Kyrgyzaltyn JSC
Colombia	Banco de la Republica
	Laboratorio de Certificacion de Oro
Mexico	Met-Mex Penoles, S.A.
Uzbekistan	Navoi Mining and Metallurgical Combinat
	Amalyk Mining and Metallurgical Complex (AMMC)
Romania	SC Phoenix SA Baia Mare
Russia	State Refineries
	JSC Ekaterinburg Non-Ferrours Metal Processing Plant
	Federal State Enterprise Novosibirsk Refinery
	The Open Joint Stock Company "The Gulidov Krasnoyarsk Non-Ferrous
	Metals Plant" (OJSC "Krastvetmet")
	Prioksky Plant of Non- Ferrous Metals
Singapore	Degussa Limited
Turkey	Istanbul Gold Refinery A.S.
Zimbabwe	Fidelity Printers & Refiners Harare(Private) Limited

ARTICLE 5 - Non-standard gold bullions with a carat of 585/1000 and above and weight between 1-15 Kg can be transacted in the Exchange as non-standard gold according to the fineness report organized by General Directorate of The Turkish State Mint and Printing Plant or by any other establishment authorized by this institution concerning the operating principles determined Gold Exchange.

ARTICLE 6 - Selling and buying transactions of every type and shape of precious metals which are locally produced from ore, can be executed seperately in the Exchange, in respect to the amounts of precious metal indicated in the fineness report organized by General Directorate of The Turkish State Mint and Printing Plant or by any other establishment authorized by this institution.

ARTICLE 7 - The members of Gold Exchange who deliver the precious metals to be transacted in Exchange shall be responsible of the accordance of to the prepared fineness report and every type and shape of precious metals which will be transacted in the Exchange due to the Article 5 and Article 6.

ARTICLE 8 - Bulletin of Standards and Refineries of Gold to be Transacted on the Precious Metals Exchange;
a) published in the Official Gazette No: 22242, dated 3/29/1995
b) published in the Official Gazette No: 22912, dated 2/21/1997
c) published in the Official Gazette No: 23786, dated 8/14/1999
are abrogated.

ARTICLE 9 - This bulletin shall come into effect on the date of its publication.

ARTICLE 10 - The provisions of this Bulletin shall be executed by the Minister responsible for the Under-Secretariat of Treasury.