PAMP is a Swiss-based integrated precious metals refiner and bullion group. The company owns and runs one of the world’s largest precious metals refineries, which manufactures investment-grade precious metals bars for the wholesale and retail markets. PAMP is part of the broader MKS PAMP group, which includes MKS (Switzerland), a Geneva-based precious metals trading company, PAMP the refinery and bullion producer, Manfra, Tordella & Brookes (MTB), a major coin and bullion dealer in New York, and MMTC-PAMP India, a joint venture between PAMP and an Indian state company that runs a precious metals refinery in Delhi, India. MKS PAMP is a significant player in the Swiss gold market. You can learn more about the Swiss gold market prices on BullionStar.
PAMP’s refinery is known for producing high-quality gold and silver bars, and it was the first to use artistic designs on its minted bar range. PAMP bars are well-known all over the world, but particularly in Asia and the Middle East. The PAMP goods have a broad global distribution network thanks to MKS and MTB.
PAMP and MKS histories
PAMP SA, an abbreviation for Produits Artistiques Métaux Précieux, was established in 1977 in the Swiss Canton of Ticino as a registered company.
The refinery is located in Castel San Pietro, near the Italian border in southern Ticino. It is also close to two other large gold refineries in Switzerland, Valcambi and Argor-Heraeus. All three of these refineries were established in the south of Ticino to serve the Italian gold jewelry industry, which was once the world’s largest gold jewelry market. PAMP started as a small-scale gold bar manufacturer.
MKS was founded in Geneva in 1979 as MKS (Switzerland) SA. MKS was founded by Mahmoud Kassem Shakarchi, hence the name. In the 1960s and early 1970s, Shakarchi was a well-known gold dealer in Beirut, and in 1976, he moved to Switzerland. MKS began selling PAMP’s gold bars in the Middle East after forming a partnership with the PAMP refinery. MKS bought a major stake in the PAMP refinery in 1981. MKS opened its first international office in Sydney, Australia, in 1998. MKS has launched new offices in major gold markets such as Istanbul, Dubai, Bangkok, Singapore, and Hong Kong. MKS purchased Manfra, Tordella & Brookes (MTB) of New York in 2001.
PAMP and MMTC opened their joint venture refinery in India in 2008. Metals and Minerals Trading Corporation of India, also known as MMTC, is India’s biggest public sector company and a Government of India Undertaking. MMTC is India’s biggest commodity importer (excluding oil), the country’s largest gold importer, and a major onward seller of gold to bullion dealers, jewelers, and gold exporters.
MKS PAMP’s Organizational Structure
The MKS PAMP Group includes PAMP SA (the Ticino refinery). MKS PAMP Group BV, the organization’s parent corporation, is based in Amsterdam, the Netherlands. The group’s CFO is based in the Amsterdam office, which offers business development, strategic, financial functions. The MKS PAMP portfolio includes the following investments:
- Manfra, Tordella & Brookes (MTB) in New York
- PAMP SA in Ticino
- the MMTC-PAMP refinery joint venture in Delhi, India
- MKS (Switzerland) SA headquartered in Geneva
The PAMP Refinery
In Switzerland, PAMP’s refinery is located in Castel San Pietro, in the Canton of Ticino. The refinery has a gold refining capacity of more than 450 tonnes and a silver refining capacity of more than 600 tonnes per year. PAMP also refines platinum and palladium, with a total potential of 30 tonnes per year for the platinum group metals.
The refinery is able to extract precious metals from any metal-bearing substance, such as mining doré or recycling waste, as well as polish and recast existing investment bars into smaller bars, such as successful distribution bars. Clients may also use PAMP’s assaying service. Investment cast and minted bars, bullion coins, coin blanks, and commemorative coins, alloys in rods and wire for use in the jewellery industry, gold, and silver grain, and platinum and palladium sponge are among the refinery’s products.
PAMP SA is one of five refiners worldwide who have been selected to the London Bullion Market Association’s Good Delivery Referee Council. By evaluating refining applicants, giving technical guidance, and assaying metal samples from other refineries, these referees keep the LBMA’s Good Delivery System running smoothly. PAMP fine distribution bars are accepted for settlement on the world’s big gold futures and spot markets, including TOCOM in Japan, COMEX in the United States, DMCC in Dubai, and the Shanghai Gold Exchange in China. MKS (Switzerland) is one of the six reference price participants of the Shanghai Gold Fix, recently introduced.
PAMP and MKS are all affiliates of the Swiss precious metals trade group “Association Suisse des Fabricants et Commerçants de Métaux Précieux – ASFCMP.”
PAMP Bullion Products
PAMP manufactures a wide range of bullion products.
50 gram, 100 gram, 250 gram, 500 gram, 1kg, 1 Tael, 10 Tolas, and 400 oz investment-grade cast gold bars are available. Cast silver bars come in weights of 500 grams, 1 kilogram, and 1000 ounces. Large cast platinum and palladium bars in good distribution sizes of 6 kgs are made.
PAMP manufactures minted gold bars in weights of 5 gram, 10 gram, 20 gram, 50 gram, 100 gram, 250 gram, 500 gram, and 1 kilogram, as well as smaller bars ranging from 0.3 grams to 10 grams. 14 oz, 1/2 oz, 1 oz, 5 oz, 10 oz, and 20 oz bars, as well as 1 – 5 Tola bars, are available in multiples and fractions of troy ounces. PAMP’s iconic ‘Lady Fortuna’ is embossed on the majority of the gold minted bars. Rosa (Rose) and Liberty (Statue) designs often come in a variety of limited gram and ounce denominations.PAMP also produces a series of gold-minted ‘Lunar’ bars that are adorned with Chinese zodiac animals. Silver minted bars from PAMP are available in the same sizes and designs as gold minted bars, and platinum and palladium bars are minted in 1 kg weights.
Overall, PAMP’s minted bar collection is very extensive, and the entire range can be seen on the refinery’s website] as well as on a specialty gold bar listing like Gold Bars Worldwide.
Delhi’s MMTC – PAMP Refinery
PAMP formed a joint venture with MMTC in India in 2008 to build and run a gold and silver refinery. MMTC-PAMP India Pvt. Ltd. is the name of the joint venture firm. The MMTC-PAMP corporate office is in the Qutab Institutional Area of New Delhi, but the refinery is in the Mewat area of Haryana state, south of New Delhi. The refinery works under the technical oversight and supervision of PAMP Switzerland. It extracts gold and silver doré from imported mining supplies and gold and silver jewelry scrap from domestic sources, thanks to PAMP’s processing expertise.
The MMTC – PAMP plant has a gold refining capacity of 100 tonnes and a silver refining capacity of 600 tonnes per year.
MMTC-PAMP produces a wide range of minted and cast gold bars, up to 12.5kg (400oz) cast decent distribution gold bars. Cast gold bars are available in weights of 100 grams, 1 kilogram, and 12.5 kilograms, while cast silver bars are available in weights of 1 kilogram and 30 kilograms. The refinery’s minted gold bars come in a variety of denominations, ranging from 1 gram to 100 gram. They feature a distinctive lotus bar pattern, while minted silver bars come in denominations ranging from 5 grams to 1 kilogram. In addition, under license from The Royal Mint, MMTC-PAMP manufactures a sovereign gold coin in India. The mintmark on this Sovereign is an ‘I’.
The London Bullion Market Association (LBMA) has approved MMTC-big PAMP’s gold and silver bars to include the Good Delivery Lists for gold and silver. The only precious metals refinery in the Indian gold industry on this list is MMTC – PAMP. It’s also a Multi Commodity Exchange-accredited refiner (MCX).
PAMP bullion products are available across a number of different outlets. PAMP is a wholesaler of its bullion collection in the wholesale industry, as are MKS (Switzerland) and other MKS offices around the world, including Singapore, Istanbul, Sydney, and Malaysia. PAMP affiliate Manfra, Tordella & Brookes (MTB) serves as a major US wholesaler for the US industry. Many stores officially distribute PAMP bars, but they represent just a limited portion of the total retail market, with all purchasing directly from PAMP, MKS, or MTB. BullionStar, for example, has links to MKS, PAMP, and MTB.
PAMP, MKS, and MTB also serve as official suppliers for the world’s largest mints’ bullion coins.
References and Links
1. MKS (Switzerland) https://www.mks.ch/?id=profile
2. Manfra, Tordella & Brookes (MTB) https://www.mtbmetals.com/MTBClient/website/about-us.html
3. MMTC – PAMP https://www.mmtcpamp.com/
4. PAMP SA, company registration, Canton of Ticino https://ti.chregister.ch/cr-portal/suche/suche.xhtml
5. MKS PAMP Group history https://www.mkspamp.com/group/our-history
6. MKS (Switzerland) SA, company registration, Canton of Geneva https://www.ge.ch/consulter-registre-du-commerce
7. MMTC India, profile https://mmtclimited.com/pages/display/55-corporate-profile
8. PAMP Swiss gold refining https://www.pamp.com/refinery/goldrefinery
9. PAMP Swiss silver refining https://www.pamp.com/refinery/silverrefinery
10. PAMP refinery, platinum group metals capacity https://www.pamp.com/refinery
11. PAMP assaying service https://www.pamp.com/refinery/assaying
12. LBMA Good Delivery List explained https://www.lbma.org.uk/good-delivery/about-good-delivery
13. ASFCMP Members – Swiss Association of Precious Metals Manufacturers and Traders https://asfcmp.ch/en/our-members
14. PAMP cast bars https://www.pamp.com/castbars
15. PAMP minted ingots https://www.pamp.com/mintedingots
16. PAMP site map with bar ranges listed https://www.pamp.com/sitemap
17. PAMP gold bar range, Gold Bars Worldwide, 2013 https://www.goldbarsworldwide.com/PDF/RB_6_PAMPGoldBars.pdf
18. MMTC profile https://www.mmtcpamp.com/refinery/goldrefinery
19. MMTC-PAMP gold refining https://www.mmtcpamp.com/refinery/goldrefinery
20. MMTC-PAMP silver refining https://www.mmtcpamp.com/refinery/silverrefinery
21. MMTC-PAMP cast bars https://www.mmtcpamp.com/castbars
23. MMTC-PAMP Gold Sovereign https://www.mmtcpamp.com/thesovereign
24. PAMP distributors https://www.pamp.com/wheretobuy
25. MKS Malaysia https://www.mks.ch/mobile/myr/v1/
26. PAMP official distributor for bullion coins from major mints https://www.pamp.com/services/bullioncoins