Santiago de Chile, 31 July 2023 – Argor-Heraeus Latin America (AHLA), a distinguished processing plant of precious metals and reputable sales organization in South America, is pleased to announce its expansion into the refining sector. The company is set to open its own refinery, specializing in silver products for sale to industrial customers, manufacturers, and other refiners in the USA and Canada.
This new development underscores AHLA's commitment to sustainability, traceability, and compliance, which have been guiding principles of the company since its inception. The new refinery will leverage the use of state-of-the-art distributed-ledger-technology (DLT) to ensure the traceability of all processed materials from origin to final destination, adhering to AHLA's strict regulatory compliance platform.
In response to the globally growing demand for ESG-compliant and sustainably sourced precious metals, AHLA constructs its Latin America based refinery in order to meet this demand. Furthermore, AHLA will continue its fight against corruption, illicit sourcing, and human rights abuses within its supply chain, cementing its position as a critical player in the mining industry in the Americas.
Further strengthening its commitment to transparency and sustainability, AHLA will fully implement aXedras' Bullion Integrity Ledger™ across its operations. This DLT-based solution empowers AHLA to digitally capture the origin of precious metals by digitalizing existing business relationships and compliance documents, alongside of a set of ESG information, which will be shared with AHLA’s downstream customers.
By incorporating aXedras' solution, AHLA brings peace of mind to its customers, knowing that the precious metals they receive are sustainably sourced, traceable, and compliant with the highest standards of integrity and transparency.
Through the opening of this new refinery and the integration of aXedras' platform, AHLA is eager providing a solution to meet the increasing demand for transparently documented, aligning economic growth with sustainability and ethical practices.
Max Oemick, President & CEO at ARGOR-HERAEUS Latin America SpA, states: “As the CEO of Argor-Heraeus Latin America (AHLA), I am delighted to announce our decision to expand our portfolio with refined silver products and extend our reach to North America. This strategic move underlines our continuous drive for growth and commitment to meet the ever-increasing demands of our global customer base.
We recognize that in the precious metals industry, integrity and transparency are not merely preferences - they are necessities. That's why our decision to integrate the aXedras' Bullion Integrity Ledger™ into our operations is pivotal. This state-of-the-art DLT-based platform will enable us to assure our customers of the provenance of our products. We can now provide real-time, cryptographically secured data that traces each product from the mine's location to the end consumer. By adopting this cutting-edge technology, we are not just enhancing our product offerings but also revolutionizing the way our customers perceive the concept of product integrity. With complete traceability and transparency, our customers can be confident in their choice to partner with AHLA, knowing that the products they receive are responsibly sourced, sustainably produced, and of the highest quality.“
Urs Röösli, CEO at aXedras, adds: "We are excited to deepen our collaboration with Argor-Heraeus Latin America as they embark on this new venture of refining silver products. AHLA is an innovative player in the precious metal business in Latin America, and their expansion into North America while fully integrating our Bullion Integrity Ledger™ represents a significant step in creating an advanced ecosystem. This extended collaboration reinforces our shared commitment to transparency, traceability, and sustainable practices in the precious metals industry. Alongside leading LBMA-certified refiners already onboarded on our platform, we continue to create a robust network of trusted business partners, covering the entire value chain of gold, silver, and other precious metals."
About ARGOR-HERAEUS Latin America SpA (AHLA):
AHLA is a precious metal, state-of-the-art technology company, which is of Chilean-Swiss origin and collaborates with Argor-Heraeus SA, Mendrisio, Switzerland. AHLA cares about sustainability, traceability, and safe management of precious metals from all over the Americas, for worldwide distribution in the banking, jewellery and state-of-the-art markets.
About aXedras AG:
aXedras, founded in 2018, is an independent software solutions provider headquartered in Switzerland. Its objective is to take the precious metal industry to the next level of digitalization. The distributed-ledger-technology (DLT)-based Bullion Integrity Ledger™ is a member-based trusted data network for peer-to-peer interaction between the stakeholders of the bullion market. The Bullion Integrity Ledger™ ensures the unique combination of integrity, traceability and confidentiality of data and business transactions.
Learn more at https://www.axedras.com/