Antam has been able to sell gold bars to local

Antam has been able to sell gold bars to local

PT Antam (Firenze) is now able to sell and distribute the product to the gold areas, having previously not reached by representatives of the company, according to the PR Antam.

Antam ability to distribute products to the gold batangannya realized after working with PT Pawnshop (Limited). The memo of understanding was signed cooperation Antam president director, Alwinsyah Lubis and Director of Mortgage Brokers, Suwhono, in Bogor.

The signing of the cooperation in the field of buying and selling gold bullion certified London Bullion Market Association (LBMA) was held on 8 September 2012, witnessed by the Secretary of the Ministry of SOEs Revelation Hidayat.

Within this cooperation Processing Business Unit & Precious Metals Refining (LM) Antam will supply the LBMA certified gold bullion in accordance with the Pawn daily rates apply.

Pawnshops then resell through outlet-stores are spread throughout Indonesia.

Accompanying cooperation, Alwinsyah Lubis said pihaiknya can continue to increase sales and distribution of gold bars to the corners of Indonesia with the help of Mortgage Brokers who have outlets in areas not yet covered by Antam.

Step cooperation with Antam Pawnshop in the distribution of gold bars mentioned the growing trend driven by the demand for gold bullion.

Pawnshops itself is one of the customers precious metal bullion products Antam to purchase up to 1 ton in 2011.

The amount of total purchases in 2011 that jump off of the purchase of 147 kilograms in 2010. Until the second half of 2012, Pawn has bought nearly 1.2 tons of gold out of Antam