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
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained Michael Fuhrman, Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st 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 w...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...