Welcome!

News Feed Item

Tanaka Kikinzoku Kogyo K.K. Accredited as an Ordinary Member of the London Bullion Market Association

Able to vote on the agenda and to nominate LBMA directors and committee members

Tokyo, Nov 16, 2012 - (ACN Newswire) - Tanaka Holdings Co., Ltd. today announced that Tanaka Kikinzoku Kogyo K.K., which operates the Tanaka Precious Metals' manufacturing business, was accredited as an ordinary member of the London Bullion Market Association (LBMA)*1, an international industry organization representing the OTC market concerning gold and silver, on November 12, 2012. [It was revealed on the same day during the opening remarks given by the Chairman of the LBMA for the Precious Metals Conference 2012 held by LBMA annually - this year in Hong Kong.]

Tanaka Kikinzoku Kogyo is the first Japanese company to be accredited as an ordinary member of the LBMA. With this accreditation, the Company will be able to vote on various issues deliberated upon in the general meeting and various committees of the LBMA, and nominate candidates for the Board of Directors and committee.

By acquiring an ordinary membership, Tanaka Kikinzoku Kogyo will be in a position to propose and participate in upgrading gold and silver markets, maintain and manage the quality of gold and silver prevailing in the market place and conduct activities aimed at further enhancing the influence of the Asian market in the industry.

Furthermore the Tanaka Precious Metals Group will be able to provide more secure and reliable products not only to the general public who deal with precious metals for asset building, but also to industrial users as corporate customers.

When the gold market was first liberalized in Japan in 1978, Tanaka Kikinzoku Kogyo became the first company in Japan to be accredited as a Good Delivery refiner *2 at LBMA, which is necessary for secure and smooth trading of gold and silver in the international market place for gold and silver. Since 2003 the Company, being the only LBMA Referee from Japan, have also been serving as one of the only five "Referees*3" evaluating other companies listed on the Good Delivery List in terms of melting and casting bar technology, assay capability, and has been contributing to maintain and manage adequate distribution of gold and silver while building a close relationship with the LBMA. This accreditation was brought about in recognition of taking the initiative in referee activities such as a contribution to put the first ever official reference material for Gold and Silver for instrumental analysis on the market by LBMA.

Company press release: http://www.acnnewswire.com/clientreports/513/1116.pdf

*1 London Bullion Market Association (LBMA)

The LBMA is an international industry organization representing gold and silver bullion wholesalers operating globally out of London including central banks, individual investors, mining companies, refining companies and bullion traders, which establishes and manages the standards for gold and silver circulating on the London Gold Market and the London Silver Market, in addition to certifying companies and minting authorities that pass stringent reviews to be registered on the lists of authorized refiners. At present, membership includes 137 companies including trading companies, banks, refining companies, mining companies, bullion traders as well as consulting and analysis agencies in 22 countries (three companies in Japan, with the Company as an ordinary member and two other companies as associate member). The LBMA was launched in 1987 at the behest of the Bank of England to take over two organizations (the London Gold Market and the London Silver Market) established in the mid 19th century.

*2 Good Delivery Refiners List

Lists of companies accredited by the LBMA with necessary qualifications for trading on the world's gold and silver markets. 136 companies are currently registered on the lists (63 companies on the Gold List and 73 companies on the Silver List), and many of the world's markets and exchanges utilize these lists, effectively making the Gold list a list of companies able to conduct gold trading at a global standard. A review of certain standards (volume handled, ability to analyze gold and silver, gold bullion appearance, gold bullion manufacturing and weighing technology) set by the LBMA must be passed to receive accreditation.

*3 Referee

The five referees include Argor-Heraeus SA, Metalor Technologies SA, PAMP SA ,Rand Refinery Limited and Tanaka Kikinzoku Kogyo K.K. (Japan). Referees are assigned by LBMA to evaluate melting and casting bar technology and assay capability of registered companies for the purpose of maintaining the reliability of the lists authorized by the LBMA

Tanaka Kikinzoku Kogyo K.K.

Head office: 22F TOKYO BUILDING, 2-7-3 Marunouchi, Chiyoda-ku
Representative: Hideya Okamoto, President & CEO
Established: 1885 Incorporated: 1918
Capital: 500 million yen
Employees: 1,663 (as of FY2011)
Sales: 1,036,216 million yen (FY2011)
Main businesses: Manufacture, sale, import and export of precious metal bullion (platinum, gold,
silver, etc.) and industrial precious metal products, in addition to the recovery and refining of
precious metals
Tanaka Kikinzoku Group's website: http://www.tanaka.co.jp/

The eight core companies in the Tanaka Precious Metals are as follows.
- Tanaka Holdings Co., Ltd. (pure holding company)
- Tanaka Kikinzoku Kogyo K.K.
- Tanaka Kikinzoku Hanbai K.K.
- Tanaka Kikinzoku International K.K.
- Tanaka Denshi Kogyo K.K.
- Electroplating Engineers of Japan, Limited
- Tanaka Kikinzoku Jewelry K.K.
- Tanaka Kikinzoku Business Service K.K.

Press inquiries
Tanaka Holdings Co., Ltd
e-mail: kumi-ito(at) ml.tanaka.co.jp

Source: Tanaka Holdings Co., Ltd.

Copyright 2012 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
To paraphrase someone famous, "The definition of insanity is to do something the same way over and over again and expect a different result". Humans are creatures of habit and when it comes to storage, old habits die hard. Why do we continue to put our faith in legacy storage providers when they haven't invented anything new in decades. Sure, they re-badge their products every couple of years to make their messaging look modern, but ultimately, it's the same old stuff with a new coat of lipsti...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...