MMTC-PAMP

LBMA Good Delivery Gold & Silver

LGD since May 2014 for Gold & October 2013 for Silver

In 2014, MMTC-PAMP became the only refinery in India whose products are recognized as “Good Delivery” on the London Bullion Market Association (LBMA). The LBMA benchmarks and regulates the acceptable requirements for large gold and silver bars through its regularly updated publication of the London Good Delivery Lists. These standards, recognized throughout the world, ensure that accredited refiners continue to maintain the high standards necessary for listing.

LBMA Responsible Gold Certificate

LBMA has set up a Responsible Gold Guidance for Good Delivery Refiners in order to combat systematic or widespread abuses of human rights, to avoid contributing to conflict, to comply with high standards of anti-money laundering and combating terrorist financing practice. This Guidance formalises and consolidates existing high standards of due diligence amongst all LBMA Good Delivery Refiners.

This Guidance follows the five steps framework for risk-based due diligence of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas adopted on 15 December 2010 and follows the requirements detailed in the OECD Gold Supplement adopted on 17 July 2012. The best way for Refiners to operationalise this Guidance is via the LBMA Best Practice Toolkit.

Quality, Environment and Health & Safety Integrated Management System

Certified Since 5th March 2014

In the year 2014, MMTC-PAMP obtained the following certifications:

- Quality: ISO 9001: 2015;
- Environment: ISO 14001: 2015;
- Employee Health and Safety: OHSAS 18001:2007

These standards provide a framework of globally recognized principles of quality management, environment management and occupational health and safety management system.

Social Accountability

Certified since 30th April 2015

MMTC-PAMP India has been certified for SA 8000, a historic first for any precious metals refinery in Asia. It is one of the world’s first auditable social certification standards for decent workplaces, across all industrial sectors. It is based on the UN Declaration of Human Rights, conventions of the ILO, UN and national law, and spans industry and corporate codes to create a common language to measure social performance.

Responsible Jewelry Council Certification

Certified since 20th May 2014

MMTC-PAMP was awarded RJC international certification by the Responsible Jewelry Council, as further proof of our commitment to following responsible business practices. RJC certification programs are designed to support responsible business practices in the jewelry supply chain. They are based on rigorous standards developed through multi-stakeholder processes, including the RJC Standards Committee and multiple opportunities for public comment and feedback. 

National Accreditation Board for Testing and Calibration Laboratories

Certified since 18th January 2016

National Accreditation Board for Testing and Calibration Laboratories (NABL) is an autonomous body under the aegis of Department of Science & Technology, Government of India, and is registered under the Societies Act 1860. NABL has been established with the objective to provide Government, Industry Associations and Industry in general with a scheme for third-party assessment of the quality and technical competence of testing and calibration laboratories. Government of India has authorised NABL as the accreditation body for Testing and Calibration Laboratories. ISO/IEC 17025:2005 specifies the general requirements for the competence to carry out tests and/or calibrations, including sampling. It covers testing and calibration performed using standard methods, non-standard methods, and laboratory-developed methods.

National Commodity & Derivatives Exchange

Good Delivery Gold and Silver Refiner

Established in the year 2003, NCDEX is the no. 2 commodity exchange in India after MCX. It is the only exchange in the country promoted by national institutions.

Multi Commodity Exchange of India

Effective Since 8th October 2013

MCX is an independent commodity exchange in India. Established in the year 2003, MCX established itself as one of the biggest commodity exchanges in the world. It is India’s No. 1 commodity exchange. MMTC-PAMP is the only Indian refiner with gold and silver products deliverable on the MCX.

Export House Status Holder

Recognized since 1st April 2014

The recognition is for business houses exporting merchandise from India. MMTC-PAMP was accorded the status of “Star Export House” in the year 2014. The recognition is based on the criteria prescribed by the Foreign Trade Policy published by the Government of India at intervals of 5 years.

Energy Management System