MIAMI, Feb. 24, 2016 /PRNewswire/ -- Republic Metals Corporation (Republic Metals) is proud to announce the addition of the Republic Metals Gold brand to the Singapore Bullion Market Association (SBMA) Good Delivery List effective February 17th, 2016.
With the inclusion on the SBMA Good Delivery List, Republic Metals' gold kilo bars can now be traded on the Singapore Exchange (SGX). Republic Metals is now listed as a good delivery refiner on four of the world's largest commodities exchanges ensuring its products will always have maximum liquidity.
"RMC is pleased to continue its initiative of global brand awareness and universal liquidity. The SBMA is a natural fit amongst our many already established designations and world-wide accreditations," says Jimmy Gavilan, Senior Vice President of Market Development for Republic Metals.
Headquartered in Miami, Republic Metals Corporation was established in 1980 and has since grown to become one of the largest and most respected primary precious metals refineries in the world. Throughout its illustrious history, Republic Metals has displayed excellence in precious metals refining in a manner that is considered environmentally friendly, as demonstrated through its long-standing ISO14001 registration. Republic Metals currently holds listings on the LBMA, COMEX, SGE, and SBMA with recognitions for responsible business practices from the Responsible Jewellery Council, Conflict Free Smelter Initiative, and Ethical Alliance. As an LBMA-designated "Responsible Gold Party," all business conducted by Republic Metals is performed in accordance with its stringent Patriot Act compliance and supply chain policies.
About The Singapore Bullion Market Association
"The Singapore Bullion Market Association (SBMA) was formed in the early stages of Singapore as a bullion hub in 1993. Singapore's innate attributes of neutrality, stability, excellent connectivity and reputation as an important centre of finance has long appealed to global traders in precious metals.
In 2012, with the lifting of the Goods and Services tax (GST) off Investment Precious Metals (IPM) by the Singapore government, this has since set in motion Singapore's vision to be Asia's global precious metal trade hub.
Today, the SBMA plays an essential role of connecting and promoting the Asian bullion market internationally. The association promotes transparency and governance in the Singapore bullion market and plays a pivotal role in market development in Singapore and beyond."1
SOURCE Republic Metals Corporation