Trading · Precious metals trading
Beyond gold, from Johannesburg.
The Bushveld holds most of the world's platinum group metals. We trade them in sponge and ingot form with licensed producers and refiners, and market them to banks, refiners and industrial users through London.
Included
- 01
- PGM and silver purchasing against LBMA references
- 02
- Delivery to refiners, vault or industrial users
- 03
- Consolidation and marketing of by-product metal
- 04
- Bullion bank and refinery access through London
01Precious metals trading
Platinum group metals
Platinum, palladium and rhodium from Bushveld producers, priced against the LBMA Platinum and Palladium Prices and the rhodium reference, delivered to refiners, into vault or to industrial consumers.
02Precious metals trading
Silver
Silver comes up as a by-product across our gold and PGM sourcing. We consolidate silver-bearing material for refining and sell the refined metal against the LBMA Silver Price.
03Precious metals trading
Market access
The London office holds the relationships with bullion banks, accredited refiners and industrial buyers. That is what lets a producing partner sell against the benchmark instead of against a local intermediary's margin.
Pricing
What the ticket looks like.
A worked example. Every real one is checked against the published benchmark.
Worked example
| Line | What it is | Example |
|---|---|---|
| Reference | LBMA Gold Price, PM auction | USD 2,914.30 / oz t |
| Gross weight | Weighed with the seller present | 2,418.60 g |
| Fineness | Fire assay, accredited laboratory | 0.9162 |
| Fine gold | Gross × fineness | 2,215.92 g · 71.24 oz t |
| Refining | Refinery charge to good delivery | 0.35% |
| Route | Secure transport, permits, insured freight | Disclosed per market |
| Net payable | Settled on assay in USD or local currency | USD 201,486 |
Illustrative figures. Every real ticket is checked against the published benchmark.
Fire assay
| Element | Name | ‰ |
|---|---|---|
| Au | Gold | 916.2 |
| Ag | Silver | 68.4 |
| Cu | Copper | 12.1 |
| — | Other | 3.3 |
Fineness
0.9162
Method
Cupellation, gravimetric. Split sample held by the seller.
What you get
Included as standard.
- 01
PGM and silver purchasing against LBMA references
- 02
Delivery to refiners, vault or industrial users
- 03
Consolidation and marketing of by-product metal
- 04
Bullion bank and refinery access through London
Questions
Asked often.
01Do you trade PGMs outside South Africa?
Sourcing is centred there. We market PGMs to counterparties worldwide through London and Zürich.
Related
Often combined with.
- 01Trading
Gold trading
We buy doré and refined gold from licensed producers in eight African markets, price it against the LBMA Gold Price and pay on assay.
How we buy gold - 02Enablement
Trade finance and settlement
Part-payment, forward offtake and plant facilities for producers, with settlement arranged through London banks.
Finance and settlement
Get in touch
desk@miningaccord.com
08.30 to 18.00 GMT
Talk to the desk.
Tell us what you hold, where it is and how you sell it today. A trader replies, not a form.