Logam Mulia

Logam Mulia

Logam Mulia is an Indonesian Precious Metal Refining Company.

The company was founded by RT Braakensiek, a gold merchant around 1930 who started his business by refining gold scrap in certain locations of work.

In 1937 he settled his business on Jalan Gajah Mada 84, Jakarta, Nederlands-Indies and began to refine gold from Bengkulu and Cikotok gold mine besides gold scrap.After Indonesian independence in 1945, this private enterprise turned into a legal entity called NV Essaieur en Affinage Bedrijf v/h RT Braakensiek in 1949. Later, in 1957 the company was taken over by Bank Industri Negara and changed its named into PT Logam Mulia (Logam Mulia Ltd).

At 1961, PT Logam Mulia became a state owned company named PN Logam Mulia. At 1974, PN Logam Mulia became one of production units of PT Aneka Tambang named "Unit Pengolahan dan Pemurnian Logam Mulia" (Precious Metal Refinery) and since 1979 the plant was then relocated to Pulogadung in East Jakarta.

Logam Mulia main business recently refines gold dores from several national mining companies and Pongkor gold mine business unit of PT Antam Tbk. The maximum refining capacity of Logam Mulia is around 60 tons of gold and 250 tons of silver per year. Currently Logam Mulia operates about 60 % of maximum capacity, and still try to increase it due to the upcoming opening of new gold mines or traditional mines.

Logam Mulia refines gold and silver from trader and mainly from gold and silver mining company. Besides that, Logam Mulia also accept gold or silver sources from traditional mines and scrap of precious metals from jewellery and electronic industries to be re-refined. Logam Mulia can refine precious metals materials which came from various form such as dore, slug or slime.The refined product from Logam Mulia is acceptable in local and international market due to its high quality.

Logam Mulia fine gold and silver products are in accordance with international standard purity 999.9 of gold and 999.5 of silver respectively. Logam Mulia provides gold bars in various weight from 1, 2, 5, 10, 25, 50, 100, 250 and 1,000 grams to meet customers need for different purposes. As a reference, Logam Mulia products have been included in The Industry Catalogue of Gold Bars Worldwide, 1998, a catalogue that publishes the standard fine gold produced by refiners all over the world.

Most of Logam Mulia's kilo bars have been exported to South East Asia, Australia and Europe since 1992. Beside Gold Bars, Logam Mulia also produce granule in 1 kgs, 5 kgs and 10 kgs plastic bag 999.5 fineness. The consistent technical ability required for a refinery to maintain the quality of its bars means that achieving international acceptability is relatively difficult and in the worlwide there are only around sixty refineries have their bars accepted as good delivery by the London Bullion Market Association, including Logam Mulia.

Logam Mulia offers a lot of advantage through its product by giving certificates of the purity to assure international metal exchange standard price. It can be one of the people's good saving or investment choice. Up to present, Logam Mulia is the only company which hold legal Government Permit to purify gold and capable to achieve until 999.9 fineness.

More information about Logam Mulia in http://www.logammulia.com

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Methods of investing in gold — This is a sub article of gold as an investment. Investment in gold can be done directly through ownership, or indirectly through certificates, accounts, spread betting, derivatives or shares.Other than storing gold in one s own safe deposit box… …   Wikipedia

  • Islamischer Dinar — Islamische Dinare und Dirhams der indonesischen Edelmetallraffinerie Logam Mulia. Der Islamische Dinar ist eine auf Gold basierende Ersatz Währung. Der Islamische Gold Dinar ist eine Medaille, die von Mitgliedern der sufistischen Tariqa der… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”