LS MnM Selected as Excellent Gold and Silver Supplier by London Bullion Market Association
Recognized by the World's Most Prestigious Organization
Selected for 11 Consecutive Years for Gold, 8 Years for Silver
LS MnM announced on the 16th that it has been named an excellent gold and silver supplier by the London Bullion Market Association (LBMA). LBMA is the most authoritative organization in the global gold and silver market. It evaluates product quality and processes annually for precious metal manufacturing companies worldwide.
LS MnM stated that it is the only domestic gold and silver company to be selected as an excellent supplier for 11 consecutive years for gold and 8 consecutive years for silver.
LS MnM recovers about 40 tons of gold annually from raw materials generated during the copper refining process, which accounts for about 70% of domestically refined gold. In 2018, it built a precious metals plant in Chile, the world's largest copper ore holder, and operates it jointly with the Chilean state-owned company Codelco.
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Do Seok-gu, Vice Chairman and CEO of LS MnM, said, "The efforts of our employees to go one step beyond global standards have led to good results," adding, "We will continue to strengthen responsible supply chain management."
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