Article 19. Refining Enterprises

Precious metals refining activities shall be carried out by refining enterprises on the basis of a license issued in accordance with the established procedure.

Refined precious metals shall include precious metals brought to the following parameters by refining:

in refined gold - at least 995 weight units of chemically pure precious metal per one thousand weight units of the precious metal alloy;

in refined silver, platinum, palladium, rhodium, ruthenium, osmium - at least 999 weight units of chemically pure precious metal per one thousand weight units of the precious metal alloy;

in refined iridium - not less than 998 weight units of chemically pure precious metal per one thousand weight units of the precious metal alloy.

Refineries shall have the right, without going through additional permitting procedures to:

determine the percentage of chemically pure precious metal in the raw materials, products (items) transferred to them, as well as scrap and waste containing precious metals;

participate in exchange trading for the purpose of buying and selling precious metals;

carry out the purchase of precious metals, including those mined by artisanal mining, jewelry and other products from precious metals, as well as scrap and waste of precious metals;

open points of purchase and sale of precious metals;

realization of precious metals to manufacturers of jewelry by bringing them into convenient forms and volumes;

production and realization of souvenir coins made of precious metals;

realization of self-produced measured ingots to individuals and legal entities. In this case, the value of realization of ingots shall be determined independently by refining enterprises in an amount not less than the price of the morning fixing of the London Bullion Market Association and the exchange rate of the Central Bank of the Republic of Uzbekistan on the date of settlement.