Singapore Bullion Market Association


Bringing Together the Global Bullion Industry Players

Singapore, 10 June 2019

SINGAPORE: 10 JUNE 2019 – Singapore Bullion Market Association (SBMA), representing key stakeholders from the precious metals industry, is bringing together industry players of the bullion markets for the two-day 3rd Asia Pacific Precious Metals Conference to be held in Singapore. The theme for this year’s Conference is “Building a Sustainable Precious Metals Hub in ASEAN”. SBMA will also be celebrating its 25th Anniversary with the industry players at the Conference.

In line with the theme of the Conference, one of the panel discussions will be “ESG Criteria: New Paradigm that would Redefine the Precious Metals Supply Chain”. The panel will be moderated by Mr Terry Heymann, Chief Financial Officer of World Gold Council.

Mr Albert Cheng, CEO of SBMA, said: “It is the objective of SBMA to play a pivotal role in building a sustainable Precious Metals Hub in Singapore by bringing together the industry players of the bullion markets of the ASEAN countries through the sharing of knowledge and best practices and connecting them to global markets. Asia is the largest gold mining and gold consumption market. By bringing the players in the whole eco-system at this conference, there will be opportunities for the participants to engage in the various topics lined up for this 2-day conference.”

Clean Mining Pte Ltd will be announcing its world’s first breakthrough technology for the gold mining industry at this conference. Traditionally, gold mining has depended on harsh chemicals such as cyanide to extract gold from ore. This has left our planet with a legacy of toxic waste which is harmful to health and the environment. The industry and leading research institutions have been trying to find such an alternative for over 50 years without any success. Clean Mining’s breakthrough and innovative ore processing technology, represents an important scientific breakthrough that eliminates the use of cyanide in the treatment of precious metal ores, particularly gold.

Participants will be able to find out Clean Mining’s innovative technology that provides a responsible, non-toxic alternative to cyanide in the leaching of gold. The technology will be showcased during the panel session on ESG and at Clean Mining’s booth at the conference.

Well-known speakers from around the world will be discussing developments and issues pertinent to gold. Rhona O’Connell, Head of Market Analysis, EMEA and Asia regions from INTL FC Stone Ltd will be the first keynote speaker on the topic “Where is the precious metals market headed?” Dr Haywood Cheung, President and Brian Fung, CEO of the Chinese Gold & Silver Exchange (CGSE) will talk about “Mobilising Global Physical Gold Tradings with CGSE Digital Gold – The GoldZip.” Thuong Nguyen, Economist, Department of Industry, Innovation and Science, Australian Government will be one of the speakers who will touch on the topic “Introducing the Australian Gold Industry, Trade and Markets.” On blockchain technology, Thomas J. McMahon, CEO of Dillon Gage Asia, P.A.C.E. Pan Asia Clearing Enterprise will talk about “Digital gold/digital application in precious metals.”

In addition, Roland Wang, Managing Director China of World Gold Council will be the speaker for the topic “Is there any possibility and opportunity for the ‘Regional Connectivity and Mutual Benefits’ at the gold jewellery and gold financing sector between China and Southeast Asian countries according to the principle of ‘seeking common points while reserving differences’. There will also be panel discussions on topics such as “Asia Pacific Gold Markets – Issues and Opportunities”, “Is Exchange Traded Structure in gold complementary to OTC gold trading”, “Role of gold in investment portfolio”, “An update on ‘regulatory changes in India and its implication”, “What are the best and latest at the digital gold space? Is Singapore an ideal location for this sector of the gold business to reach the region and the world? Is there anything or conditions missions?” and “Precious Metals Market Review and Price Outlook”.

The 3rd edition has attracted about 380 participants from the World Gold Council, London Bullion Market Association, China Gold Association, The Chinese Gold & Silver Exchange, London Metal Exchange, Shanghai Gold Exchange, Federation of Goldsmiths and Jewellers Association of Malaysia, Hong Kong Exchange, Hong Kong Exchanges and Clearing Ltd, India Government Mint, Myanmar Federation of Mining Association, Myanmar Gold Development Public Co. Ltd, Perth Mint, Vietnam Gold Traders Association, participants from the ASEAN countries and related organisations from Australia, Canada, China, Democratic Republic of Congo, Germany, Ghana, Hong Kong, India, Italy, Japan, New Zealand, Russia, South Korea, Switzerland, Taiwan, Turkey, U.A.E., U.K. and U.S.A.

The full line-up of the speakers and topics can be found via this link: