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
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
@ThingsExpo has been named the ‘Top WebRTC Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @ThingsExpo ranked as the number one ‘WebRTC Influencer' followed by @DevOpsSummit at 55th.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
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...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...