DGAP-News: AAIC Bullion Refineries Group Ltd : Metalloyd Ltd receives an allocation of raw gold and finished gold bullion
ID: 556044
Alliance/Development of Sales
AAIC Bullion Refineries Group Ltd : Metalloyd Ltd receives an
allocation of raw gold and finished gold bullion
18.01.2012 / 09:44
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PRESS RELEASE - IMMEDIATE
AAIC Bullion Refineries Group (ABRG) Approve Metalloyd for first Refinery
Account
11th January 2012 - London
AAIC Bullion Refineries Group Limited (ABRG, Frankfurt Xetra: 1AB) today
announces that it has approved Metalloyd Ltd for a Refinery Account.
The opening of a Refinery Account, the first account to be issued for
ABRG's new Nabi Ayoub Refinery in Malaysia, awards Metalloyd Ltd an
allocation of raw materials and finished gold bullion products.
Commenting on the approval, Chandrasegaran, Group Procurement Director of
ABRG said:' Metalloyd registered for a Refinery Account in November last
year and we met with them in London in December. They are interested in
trading Bullion products and our iron and other mixed metal offtakes for
their steel mills'
ABRG confirmed that it is currently processing more than 160 applications
for Refinery Accounts as it gears up to open its new refinery in Malaysia
and commences supply of raw material bi-products from its Indonesian mines
early in February 2012.
Metalloyd Ltd is a major supplier of steel products to a global network of
traders, distributors and end users through its offices located in CIS,
USA, Canada, China, India, Korea and Taiwan as well as trading precious
metals through its Head Office in London, England.
END
Notes for editors
AAIC Bullion Refineries Group Limited (ABRG) is a precious metals refiner,
trader and financier listed in The Frankfurt Stock Exchange (XETRA) as 1AB.
It currently operates through a network established in more than 115
countries. Founded in 2010, the Group currently has offices in Guernsey
Island, Kuala Lumpur in Malaysia and Jakarta, Indonesia.
Safe Harbour Statement: The statements contained herein which are not
historical are forward- looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those expressed in the forward- looking statements, including, but not
limited to, certain delays beyond the company's control with respect to
market acceptance of new technologies or products, delays in testing and
evaluation of products, and other risks detailed from time to time.
Company: AAIC Bullion Refinery Group Ltd; Ticker Symbol 1AB, ISIN:
GG00B65SHP45
Europe, Americas&Africa
Phone: Mr. Francis Higney, +44 2891 882820 or +44 7906 816678
Email: francis.higney@abrgl.com Web: www.abrgl.com
Asia
Phone: Mr. Akim Affandi Ahmad, +6012 292 5508 or +603 2026 1310
Email: akim@abrgl.com Web: www.abrgl.com
End of Corporate News
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153184 18.01.2012
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Datum: 18.01.2012 - 09:44 Uhr
Sprache: Deutsch
News-ID 556044
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