Krastsvetmet
GOLD BARS Supplement 6/2009 OJSC THE GULIDOV KRASNOYARSK NON-FERROUS METALS PLANT KRASTSVETMET KRASNOYARSK, SIBERIA RUSSIAN FEDERATION LOCATION The Gulidov Krasnoyarsk Non-Ferrous Metals Plant, the largest gold (and platinum group metals) refiner and bar manufacturer in the Russian Federation, has its headquarters and gold refinery in the city of Krasnoyarsk in Siberia. Krasnoyarsk (which means “beautiful bank of a river”) is Siberia’s second largest city. It is situated across the banks of the Yenisey river, about 3,500 km east of Moscow. Krastsvetmet was founded during the The company, whose abbreviated name is Krastsvetmet, manufactures Great Patriotic War in 1943. London Good Delivery 400 oz bars and a standard range of 4 small cast bars and 6 minted bars: Cast: 400 oz, 1000 g, 500 g, 250 g, 100 g Minted: 100 g, 50 g, 20 g, 10 g, 5 g, 1 g ACCREDITATION 1999 London Bullion Market Association (LBMA) 2007 Dubai Multi Commodities Centre * Although the Krasnoyarsk Plant was accredited to the LBMA under its own name in 1999, it had previously manufactured London Good Delivery 400 oz bars as a USSR/ Russian State Refinery. BACKGROUND The company was established in 1943 during the Great Patriotic War (1941-1945) to focus on the refining of platinum group metals. The company is the largest gold refiner in the Russian Federation. Although a gold refinery was opened in 1959, its annual gold output over the next 35 years was relatively low, normally less than 10 tonnes. Since the mid-1990s, however, when Russian refiners were permitted to act independently and compete for business, the company has expanded rapidly, not least to become the largest refiner of newly-mined gold in the Russian Federation.
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