You are here

Australia's ABC Refinery takes three more executives from Perth Mint

Section: Daily Dispatches

Since March 2019 ABC Refinery also has employed as its senior precious metals analyst the former Perth Mint analyst Bron Suchecki.

* * *

ABC Refinery Tightens Its Hold on Precious Metals Market
with Major Expansion of Its Treasury and Trading Team

Company Announcement
ABC Refinery, Marrickville, New South Wales, Australia
Monday, February 10, 2020

ABC Refinery has announced the significant expansion of its treasury and precious metals trading capability with the recruitment of Joe Metcalfe as treasurer (formerly Perth Mint deputy CEO), Nishan Kodituwakku as deputy treasurer (former Perth Mint deputy treasurer), and Michael Dymock as senior trader (former Perth Mint senior trader).

... Dispatch continues below ...


Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

This major expansion of ABC Refinery's treasury and precious metals trading operation transforms it into one of the biggest and most experienced teams in the region, according to ABC Refinery's head of trading, Mike Ward.

Mr. Ward said the expansion underlines the commitment of Pallion, ABC Refinery's parent, to providing clients with the full suite of trading services globally.

"This will also significantly increase ABC Refinery's share of the precious metals trading market in the face of surging global demand," Mr. Ward said.

ABC Refinery controls about 43 percent of Australia's gold and silver output as global economic and political uncertainty stoke demand for these safe-haven investments.

In the past 12 months alone, the price for gold in Australian dollars has surged by more than 30 percent.

Pallion Chief Executive Officer Andrew Cochineas said the company was excited to welcome Joe, Nishan, and Michael to the ABC Refinery team.

"These hires are fresh evidence of Pallion's position as a market leader and an employer of choice in the global precious metals space," Mr. Cochineas said.

"This expansion of our precious metals trading and treasury team, in conjunction with Pallion's unique vertically integrated model, positions our group to deliver substantial benefits to the Australasian precious metals sector."

Mr. Metcalfe, Mr. Kodituwakku, and Mr. Dymock will join a number of other former Perth Mint executives who have made the switch to ABC Refinery and the broader Pallion group, including the Perth Mint's former chief operating officer, David Woodford, who is now Pallion's chief commercial officer.

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

Join GATA here:

Mining Investment Asia
InterContinental Hotel, Singapore
Tuesday-Thursday, March 17-19, 2020

Mines and Money Asia
Conrad Hotel, Hong Kong
Tuesday-Wednesday, March 31-April 1, 2020

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: