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View all search resultsLondon gold body reviews accusations facing Indonesian miner Aneka Tambang
London-based gold association LBMA said it is reviewing allegations involving Indonesian state miner Aneka Tambang (Antam) over the purity of its gold products.
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An official of state-owned pawnshop Pegadaian shows small gold bar minted by state-owned diversified miner PT Aneka Tambang (Antam) in Jakarta on May 20, 2024. (Antara/Rivan Awal Lingga)
T
he London Bullion Market Association (LBMA) said it is reviewing allegations involving Indonesian state miner Aneka Tambang (Antam) over the purity of its gold products.
Aneka Tambang last week denied reports that there were 109 tons of counterfeit ANTAM gold circulating in the community in the period 2010-2021.
Read also: AGO intensifies probe into Antam gold scandal"All ANTAM precious metal gold products [are] derived with official certificates, and processed at the only gold processing and refining plant in Indonesia that has been certified by the London Bullion Market Association," the company said in a statement on Wednesday.
LBMA, an industry body whose rules for gold refineries require that they source gold responsibly, said an Incident Review Process (IRP) has been invoked to review the current circumstances, although it is difficult to commit to a timeline, given that process involves numerous stakeholders.
Aneka Tambang remains on LBMA's Good Delivery List currently, the gold refinery accreditor in London said.
