Perth Mint faces London bullion body review over gold 'doping' charges

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Perth Mint faces London bullion body review over gold 'doping' charges
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The London Bullion Market Association (LBMA), the world's top accreditor of gold refiners, said on Thursday it was reviewing allegations that Perth Mint had sold 'doped' gold to China.An Australian media report on Monday said Perth Mint, the world's largest processor of newly mined gold, may have to recal

The London Bullion Market Association , the world's top accreditor of gold refiners, said on Thursday it was reviewing allegations that Perth Mint had sold"doped" gold to China.

The Australian gold refiner, a member of the LBMA, rejected those allegations on Tuesday, saying there was no question about the value and purity of gold bars it had sold to customers in China, after it implemented new procedures following a 2021 review of its refining practices. The LBMA said its incident review process had been invoked and"any incident or issues that may impact the credibility of the Good Delivery List and the wholesale precious metals market are treated very seriously."

Addressing the review, Perth Mint said it was"constantly identifying areas for improvement in the business, including addressing historical practices," and described the industry body as a long-term partner.

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