Communique About Standarts and Refineries for Silver and Platinum To Be Processed In Precious Metals Exchange

(Published in Official Gazette dated 20.04.1999 and numbered 23672)

The standards for the silver and platinum to be processed in Precious Metal Exchange are determined as following according to the 4th and 21st articles in General Regulations of Foundation of Precious Metal Exchange and Operation Principles published in Official Gazette dated 03/04/1993, No:21541, and according to the Principles of Issuance of Membership Certificate of Precious Metal Exchange and sub-article (a) of the 4th article of the Conditions and Procedures for the Foundation and Operation of Brokerage Houses of Precious Metal Exchange published in Official Gazette dated 16/10/1993. No:21730:

ARTICLE 1- In Precious Metal Exchange; Platinum and Silver processed in international markets and stamped by the refineries listed in article 4 of this bulletin and those Platinum and Silver (ingot or granules) produced and stamped in Turkey according to the International standards can be processed.

ARTICLE 2- The specifications of the Silver and Platinum which will be processed in Exchange is listed below:

a) Weight:

i) For Silver,

Standard ingot Minimum 15,55174 kg. (500 Ounces fine silver)
Maximum 38,87935 kg. (1,250 Ounces fine silver)

Granule Minimum 1 kg.
Maximum 6 kg.

ii) For platinum,

Standard ingot Minimum 1 kg. (32,1507425 Ounces)
Maximum 6 kg. (192,904455 Ounces)

b) Purity :

i. Should be at least %99.9 carat for silver.

ii. Should be at least %99.95 carat for Platinum.

c) Each ingot should have stamp of one of the refineries listed in article 4, and serial number with its carat on it.

d) Each of the granule bags should have stamp of one of the refineries listed in article 4, serial number, silver carat, seal, seal date and place.

e) The surface of the ingot should be smooth, there should not be any rising, bubble, burr or crushed on surface and the edges should be sharp, so it should be suitable to carry and store.

ARTICLE 3- The purchase and sale operations of silver and platinum are realized according to ingot specification stated in article 1 and 2. the acceptance and delivery operations of 1 kg. shaped standard Silver ingots produced by the refineries listed in article 4 are also arranged by Exchange Center according to customer demands and inventory levels.

ARTICLE 4- In Precious Metal Exchange below are the refineries whose silver and platinum can be processed:

Silver Refineries

COUNTRY	COMPANY
USA	Asarco Incorporated
	Handy & Harman
	Johnson Matthey Inc.
	Kennecott Copper Corp.
	Metalor USA Refining Corp.
Germany	Allgemeine Gold-und Silberscheideanstalt
	Aktiengesellschaft
	Degussa AG
	W.C. Heraeus GmbH
	Norddeutsche Affinerie Aktiengesellschaft
Australia	The Broken Hill
	Association Smelters Pty Ltd.
	Western Australian Mint trading as Australian Gold Refineries
Austria	Ögussa GmbH
Belgium	Union Minière SA
	Business Unit Hoboken
China	Refinery of China
Philippines	Central Bank of the Philippines
France	Engelhard - CLAL S.A.F.
S. Africa	Rand Refinery Limited
s. Korea	LG Metals Corporation
Holland	H. Drijfhout & Zoon's Edelmetaalbedrijven BV
	Schöne Edelmetaal BV
England	Britannia Refined Metals Limited
	JBR Recovery Limited
	Engelhard -CLAL UK Limited
	Johnson Matthey PLC
	Thessco Limited
Spain	Sociedad Española de Metales Preciosos SA (SEMPSA)
Sweden	Boliden Mineral AB
Switzerland	Argor-Heraeus SA
	Métaux Precieux SA
	PAMP SA
	Valcambi SA
Italy	Chimet SpA
	Metalli Preziosi SpA
	Enirisorse
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.
	Dowa Mining Company Limited
	Japanese Mint
	Toho Zinc Company Limited
Canada	Cominco Ltd.
	Noranda Metallurgy Inc.
	CCR Refinery
	Royal Canadian Mint
	INCO Limited, Copper Cliff Copper Refinery
Kazakistan	Kazzinc Opened Joint Stock Comp.
N. Korea	State Refinery, Pyongyang
Mexico	Compania Real del Monte y Pachuca
	Industrial Minera Mexico SA
	Met-Mex Penoles SA
Uzbekistan	Almalyk Mining & Mettalurgical Complex (AMMC)
Peru	Empresa Minera del Centro del Peru (Centromin Peru)
Poland	KGHM Polska Miedz SA
Romania	SC Phoenix SA Baia Mare
Turkey	Eti Gumus A.S.

Platinum Refineries

COUNTRY	COMPANY
USA	Engelhard-CLAL USA
	Johnson Matthey Inc
	PGP Industries Inc.
	Sabin Metal Corp.
Germany	Degussa AG
	W.C. Heraeus GmbH
France	Engelhard-CLAL Paris
S. Africa	Impala Platinum Limited
	Rustenburg Platinum Mines Limited
	Western Platinum Refinery Ltd.
Holland	H.Drijfhout and Zoon's Edelmetaalbedrijven BV
England	Engelhard-CLAL UK Limited
	Inco Europe Ltd.
	Johnson Matthey PLC
Switzerland	Argon-Heraeus SA
	Metaux Precieaux SA Metalor
	Valcambi SA
Italy	Engelhard s.r.l (From serial number R501 onwards)
Japan	Ishifuku Metal Industry Co. Ltd.
	Tanaka Kikinzoku Kogyo K.K
	Tokuriki Honten Co. Ltd.
	Matsuda Sangyo Co Ltd.
Russia	Krasnoyarsk

ARTICLE 5- Until the refinery which will be founded in Turkey is operational, out of standard silver ingots whose carat is between 90.9/100 and 99.9/100 and whose weight is between 1-35 kg will be processed in Exchange as out of standard silver according to the carat report provided by Eti Gümüş A.Ş. or Darphane ve Damga Matbaası Genel Md.

ARTICLE 6- This bulletin will become valid at it's publication date.

ARTICLE 7- The rules in this bulletin are executed by Minister responsible for Treasury undersecretary.