ACCEPTABLE REFINERS DESIGNATED BY KEY EXCHANGES

Refining Company Exchange

Australia   Engelhard Australia Comex Golden West Refining Corporation Limited   Tokyo   Johnson Matthey (Australia) Ltd. London Tokyo Zurich Comex Perth Mint Tokyo Comex Western Australian Mint (trading as Australian Gold Refineries AGR) London Tokyo Zurich Belgium Johnson Matthey Pauwels S.A. Comex Metallurgie Hoboken Overpelt S.A. Comex Union Miniere S.A., Business Unit Hoboken London Zurich Comex Brazil Banco Ourinvest S.A. London Zurich Casa de Moeda do Brasil Comex Companhia Real de Metais Comex CRM-Comercial e Refinadora de Metais S/A London Zurich Degussa-Hüls S.A. London Zurich Comex Mineracao Morro Velho SA London Zurich Canada Degussa Canada Limited Comex Engelhard Industries of Canada Limited Comex Johnson Matthey Limited London Tokyo Zurich Comex Noranda Metallurgy Inc. / CCR Refinery London Zurich Comex Royal Canadian Mint London Tokyo Zurich Comex China The Gold and Silver Refinery of China London Zurich Neimenggu Precious Metal Refinery of China London Zurich Columbia Banco de la Republica, Laboratorio de Certificacion de Oro London Zurich France Compagnie des Metaux Precieux Comex Comptoir Lyon-Alemand Louyot Tokyo Comex Engelhard-CLAL London Tokyo Zurich Comex Germany Degussa AG Tokyo Comex W.C. Heraeus GmbH London Zurich Comex Norddeutsche Affinerie Aktiengesellschaft London Zurich Comex Hong Kong Heraeus Ltd. Comex Johnson Matthey Hong Kong London Zurich Indonesia PT Aneka Tambang (Persero) Tbk London Zurich Italy Chimet SpA London Zurich Metalli Preziosi SpA London Zurich Comex Japan Chugai Mining Tokyo Dowa Mining Tokyo Furukawa Tokyo Ishifuku Metal Industry Co., Ltd. London Tokyo Zurich Matsuda Sangyo London Tokyo Zurich Mitsubishi Materials Corporation London Tokyo Zurich Comex Mitsubishi Metal Corporation Comex Mitsui Mining and Smelting Co., Ltd. London Tokyo Zurich Nippon Mining & Metals Co. Ltd. London Tokyo Zurich Sumitomo Metal Mining Co., Limited London Tokyo Zurich Tanaka Kikinzoku Kogyo K.K. London Tokyo Zurich Comex Tokuriki Honten Co., Limited London Tokyo Zurich Kazakhstan Kazzinc Joint Stock Company London Zurich Korea, Democratic People's Republic of Central Bank, DPR of Korea London Zurich Korea, Republic of Korea Zinc Co., Ltd. London Zurich LG Metals Corporation Tokyo LG-Nikko Copper Inc. London Tokyo Zurich Kyrgyz Republic Kyrgyzaltyn JSC London Zurich Mexico Met-Mex Peñoles, S.A. London Zurich Netherlands H. Krijfhout & Zoon's Edelmetaalbedrijven BV London Zurich Comex Schöne Edelmetaal BV London Zurich Comex Philippines Central Bank of the Philippines London Zurich Romania Allied Deals Phoenix SA Baia Mare London Zurich Russia Joint Stock Company Ekaterinburg Non-Ferrous Metal Processing Plant London Zurich OJSC "Krastvetmet" London Zurich Federal State Enterprise Novosibirsk Refinery London Zurich Prioksky Plany of Non-Ferrous Metals London Zurich State-Owned Enterprise Shyolkovsky Factory of Secondary Precious Metals London Zurich South Africa Rand Refinery Limited London Tokyo Zurich Comex Spain Sociedad Espanola de Metales Preciosos SA (SEMPSA) London Zurich Sweden Boliden Mineral AB London Zurich Switzerland Argor-Heraeus SA London Tokyo Zurich Comex Argor SA Tokyo Comex Cendres & Métaux SA London Zurich Credit Suisse Tokyo Métaux Précieux SA Metalor London Zurich Comex PAMP SA London Tokyo Zurich Comex Swiss Bank Tokyo UBS AG Tokyo Union Bank of Switzerland Tokyo Valcambi SA London Zurich Comex United Kingdom Engelhard Tokyo Engelhard-CLAL UK Limited Tokyo Comex Johnson Matthey PLC London Tokyo Zurich Johnson Matthey Chemicals Ltd. Comex Sheffield Smelting Co. Ltd. Comex USA Asarco Inc. London Zurich Comex Engelhard-CLAL USA Comex Engelhard Corporation London Zurich Comex Golden West Refining Corporation Limited / Handy & Harman Comex Handy & Harman Comex Heraeus Incorporated Comex Homestake Mining Company Comex Johnson Matthey Inc. London Tokyo Zurich Comex Johnson Matthey Refining, Inc. Comex Metalor USA Refining Corp. London Tokyo Zurich Comex Sabin Metal Corporation Comex United States Metals Refining (Div. of Amax Copper, Inc.) Comex Uzbekistan Amalyk Mining and Metallurgical Complex (AMMC) London Zurich Navoi Mining & Metallurgical Combinat London Tokyo Zurich Zimbabwe Fidelity Printers and Refiners (Private) Ltd. London Zurich

Sources: London Bullion Market Association, New York Mercantile Exchange, Tokyo Commodity Exchange.

• How Gold is Produced
  
• List of Refiners
  
• Gold Bar Specifications
  

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