Click here to close now.




















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
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...