The Silver Refinery of MMTC-PAMP India Pvt. Ltd. (MMTC-PAMP India) of India has been added to the LBMA's Good Delivery List for Silver with effect from 14th October 2013.
MMTC-PAMP has satisfied the LBMA as to its ownership, history, production capability and financial standing. It has also passed the LBMA’s exhaustive testing procedures, under which its silver bars were examined and assayed by independent referees, and its own assaying capabilities were tested.
MMTC-PAMP India’s Its primary sources of silver feed stock are silver Dore originating from precious metal mining companies located globally, as well as silver scrap. MMTC-PAMP India’s refined silver output is mainly in the form of 30 kg bars, one kilo bars and silver grain.
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The List now includes 65 gold and 77 silver refiners.