PAMP (company)
 | This article contains promotional content. (April 2019) |
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| Company type | Subsidiary of MKS (Switzerland) |
|---|---|
| Industry | Precious metals |
| Founded | 1977 |
| Headquarters | , |
| Products | Refined precious metals, gold bars |
| Website | pamp.ch |
PAMP SA (Produits Artistiques Métaux Précieux) is an independent precious metals refining and fabricating company, and a member of the MKS Group. Established in 1977 in Ticino, Switzerland, PAMP began as a minting facility for small bars and an alloy specialist for jewelry and watchmaking. It now offers services from mining to bullion production, producing bars from 1 gram to 12.5 kilograms, along with custom minting for private companies and government mints.
Accreditations
[edit] | This section needs additional citations for verification. (July 2021) |
PAMP bars are acceptable as 'Good Delivery' by the Swiss National Bank, the London Bullion Market Association (LBMA), London Platinum and Palladium Market (LPPM), the Dubai Multi Commodity Center (DMCC), COMEX/NYMEX, Chicago Metals Exchange (CME), Tokyo Commodity Exchange (TOCOM), and the Shanghai Gold Exchange (SGE).
In support of the 'Good Delivery' system, the company is one of three 'Approved Good Delivery Referees' in the world designated by both the LBMA and the LPPM.[1][2]
Since 2013, PAMP is a member of the Public-Private Alliance for Responsible Minerals Trade (PPA). The initiative aims to provide a fair-trade guarantee to make sure no materials extracted from conflict areas or human exploitation are being used. Members of the alliance include international corporations such as Apple, Microsoft, Panasonic, Boeing or Sony as well as government agencies and representatives from civil society.[3] PAMP is supervised by the FINMA for compliance with Swiss Money Laundering Legislation.
MMTC-PAMP, joint venture of PAMP and MMTC Ltd, is also recognized by the LBMA as a Good Delivery Silver Refiner since 2013 and has been on the Good Delivery Gold List since 2014.[4]
Services
[edit] | This section needs additional citations for verification. (July 2021) |
Minting
[edit]PAMP's ingots and coins are sold widely around the world. Harrods stocks them at its bank (at its London flagship store), [5][6] and even Costco has them on offer, albeit intermittently. [7]
Financial Services
[edit]PAMP complements its physical precious metal offerings with specialized financial services of other MKS group companies. Such instruments include options, forwards, purity and location swaps as well as trading services.
PAMP has supplied precious metal materials to the Royal Canadian Mint.[8]
Online Services
[edit]PAMP re-launched their online service Gold Avenue (Goldavenue SA) in 2018. Gold Avenue is the official online retailer of MKS PAMP GROUP. The service allows to buy, store, manage and sell precious metals (gold, silver, platinum and palladium) online, providing free storage (up to value of 10.000 CHF) and shipping within Europe.[9]
MMTC-PAMP
[edit]MMTC-PAMP India produces a wide range of products and has obtained the license for minting the Sovereign for The Royal Mint.[10]
MMTC-PAMP has been awarded "Best Refinery" in 2013 and 2014 at the India International Bullion Summit in Mumbai.[11]
References
[edit]- ^ London Bullion Market Association: LBMA Referees
- ^ "London Platinum and Palladium Market; Good delivery rules (p.14)" (PDF). Archived from the original (PDF) on 5 November 2014.
- ^ Resolve - Public-Private Alliance for Responsible Minerals Trade - Participation [1]
- ^ "LBMA, May 2014". Archived from the original on 21 June 2014.
- ^ The Telegraph, Harrods to sell gold bullion for first time, 15 October 2009
- ^ "Harrods - Gold Bars".
- ^ Carlson, Debbie. "You Can Buy Gold Bars at Costco. But Are They Worth It?". WSJ.
- ^ Royal Canadian Mint, Wonders of Nature Series
- ^ Goldavenue.com, online service, Gold Avenue
- ^ Royal Mint - The Royal Mint expands into the Indian market with first Indian Sovereigns since 1918 - 2013/02/18 "The Royal Mint's new Indian commemorative Sovereign | the Royal Mint". Archived from the original on 3 December 2014. Retrieved 5 November 2014.
- ^ Business Standard - MMTC-PAMP adjudged as 'best refinery' at bullion summit - 2014/10/06 [2]