The appointment will see Stewart Group’s Singapore office providing ABRG with comprehensive independent assay and certification of bullion products, inspection and quality control assessment of ABRG’s refining process, and technical data analysis of raw materials ranging from pre-processed concentrate ore to finished 999.9 purity bullion bars.
ABRG and Stewart Group anticipate that commercial operations will commence in January 2012, when ABRG is set to receive weekly gold rich concentrate production from recently signed agreements entered into by ABRG’s associate, PT ABRG Indonesia.
Commenting on the appointment, Patrick Harvey, Group Managing Director of ABRG said that the tie up with Stewart Group will give ABRG’s bullion products the credibility required to prove that ABRG are serious about developing global institutional sales and partnerships.
Stewart Group Inspection and Analysis Ltd are a member of ALS Laboratory Group which is a world leader in testing and inspection of minerals, metallurgical analysis, environmental study, tribology, and food and pharmaceutical control. ALS Laboratory Group is one of the largest and most successful commercial laboratory groups in the world, with more than 8,000 staff operating 270 laboratories in 44 countries and offering a broad range of inspection and analytical testing services.
Notes for editors
AAIC Bullion Refineries Group Limited (ABRG) is a precious metals refiner, trader and financier listed in The Frankfurt Stock Exchange (XETRA) as 1AB. It currently operates through a network established in more than 115 countries. Founded in 2010, the Group currently has offices in Guernsey Island, Kuala Lumpur in Malaysia and Jakarta, Indonesia.
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Company: AAIC Bullion Refinery Group Ltd; Ticker Symbol 1AB, ISIN: GG00B65SHP45
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