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ANNUAL REPORT

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10<br />

relIable PerFormance<br />

Metalor Refining Division operates the most advanced<br />

precious metal refining facilities in the world. With more<br />

than 150 years of history in precious metal refining and<br />

strong focus on customer service, the Refining Division<br />

is recognized both for its reliable services and for its<br />

high quality products supplied to electronics and jewelry<br />

industries around the world<br />

meetIng customers’ needs<br />

The Refining Division specializes in<br />

recovering gold, silver and platinum<br />

group metals from a wide range of<br />

precious metal bearing materials.<br />

Depending on precious metal con-<br />

tent, these materials could be either<br />

high grade metallic such as gold and<br />

silver dore, platinum group bullion,<br />

karat scrap and dental scrap etc., or<br />

low grade materials such as work-<br />

shop wastes, manufacturing swarf,<br />

spent metal catalyst, electroplated<br />

metallic scrap and electronics scraps<br />

etc. The materials may be sourced<br />

from banks, mines, collectors, dealers<br />

and industries using precious met-<br />

als. Once received at the refinery, the<br />

materials are first evaluated to deter-<br />

mine the precious metal content. The<br />

precious metals are then separated<br />

from impurities in the refining pro-<br />

cesses. Fine metals are eventually<br />

converted to bullion products which<br />

are accredited with LBMA, TOCOM,<br />

COMEX, Dubai and other major mar-<br />

kets, and specialty products such as<br />

high purity gold (above 99.999%<br />

pure), silver powder, platinum and<br />

palladium salts etc. to meet the needs<br />

of customers from high-technologies<br />

sectors.<br />

The Refining Division operates three<br />

refineries located in Switzerland, USA<br />

and China, respectively. In addition, it<br />

has evaluation centers and sales of-<br />

fices around the world to bring extra<br />

convenience to customers. No mat-<br />

ter where the customers are located,<br />

our proactive and experienced sales<br />

teams are close enough to deliver dis-<br />

tinctive full refining services starting<br />

from acceptance of materials to final<br />

settlement.<br />

the quest For excellence<br />

Maintaining its reputation of Swiss<br />

Excellence is the top priority for the<br />

Refining Division. Continuous efforts<br />

have been made to shorten evalu-<br />

ation and refining throughput time,

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