GENEVA, March 31, 2014 /PRNewswire/ --
We are delighted to announce that MMTC-PAMP India Pvt. Ltd, has been awarded ISO 9001, ISO 14001 and OHSAS 18001 certifications by QS Zürich AG, a world-renowned certification body. MMTC-PAMP India Pvt. Ltd. is a joint venture between PAMP SA Switzerland and MMTC Limited, a Government of India Undertaking.
The certification was delivered in the second year of business operations, which is a remarkable achievement. This the more so, as it follows the Accreditation of the Company in 2013 by the London Bullion Market Association as a Good Delivery Silver Refiner.
ISO 9001 certification endorses quality management systems. In this instance, it acknowledges the excellence of the company's entire refining and production chain for precious metals and refined/semi-refined products. ISO 14001 sets out the criteria for an environmental management system, whilst OHSAS 18001 is a British Standard issued in recognition of occupational health and safety management systems.
PAMP is very active in the development and the implementation of responsible supply chain of precious metals practices through the industry, such as the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals, the LBMA Responsible Gold Guidance and the Swiss Better Gold Association.
PAMP is furthermore a certified member of the Responsible Jewellery Council (RJC), members of which have to comply with stringent ethical, social and environmental standards. PAMP is also one of the first refiners to have passed the LBMA's Responsible Gold Guidance Audit.
About MMTC - PAMP INDIA Pvt Ltd:
Incorporated in India on 18th January 2008, MMTC-PAMP India Pvt. Ltd. (MMTC-PAMP India) is a joint venture between PAMP SA, Switzerland and MMTC Limited, a Government of India Undertaking (http://www.pamp.com, http://www.mmtclimited.com, http://www.mmtcpamp.com ). Established in 1977, PAMP is one of only three "Approved Good Delivery Referee" for both the London Bullion Market Association (LBMA) and the London Platinum and Palladium Market (LPPM). PAMP's products are accepted as "Good delivery" by The Swiss National Bank; The London Bullion Market Association (LBMA); The New York Commodity Exchange (COMEX); The Tokyo Commodity Exchange (TOCOM); Chicago Board of Trade (CBOT); Dubai Gold and Commodity Exchange (DGCEX) as well as The London Platinum and Palladium Market (LPPM). Incorporated in 1963, MMTC Limited is India's largest public sector trading organisation, engaged in trading of several products including precious metals. It is India's single largest bullion trader.
In 2008 MMTC joined hands with PAMP for setting up a precious metals refinery and mint in Mewat district of Haryana. With an investment of over Rs 2,200 million and annual refining capacity of 100 tons of gold, 600 tons of silver and minting 2.75 million pieces, India is now home to the world's most modern precious metals refining and manufacturing plant, equipped with state-of-the-art technology throughout all production processes, as well as with the most advanced environmental infrastructure and safeguards that meet the most stringent regulatory standards.
MMTC-PAMP India produces a wide range of products that are on par with or better than products from any foreign manufacturer, thereby providing the consumer in India and beyond with the finest quality products created with complete transparency and assurance. Today, the market has a distinct preference for its product range, the quality of which is fast becoming the de-facto benchmark in the Indian market.
The license for minting the Sovereign for The Royal Mint UK is yet another feather to the cap of MMTC-PAMP India.
Media contacts - India:
MMTC - PAMP INDIA Pvt Ltd
Mr. Rajesh Khosla
Media contacts - International:
Mr. Claude Baumann
SOURCE MKS Group and PAMP