Article 24. Handling of Scrap and Waste of Precious Metals and Waste of Precious Stones

Scrap and waste of precious metals and waste of precious stones shall be in the ownership, economic management or operational management of legal entities and individual entrepreneurs whose scrap and waste are generated as a result of the production, processing (treatment) and (or) use of precious metals and precious stones.

Legal entities, including military units and military formations, which generate scrap and waste of precious metals and waste of precious stones, shall be obliged to collect and record them.

Scrap and waste of precious metals and waste of precious stones can be:

independently processed (treated) by legal entities and individual entrepreneurs who own, have economic control or operational management of scrap and waste of precious metals and waste of precious stones, for their reuse in their own production;

transferred for processing (treatment) to legal entities that have the right to collect (procure) and process scrap and waste of precious metals and waste of precious stones.

Scrap and waste of precious metals can be transferred or sold to refineries.

Waste precious stones can be sold for further production and recovery in the prescribed manner.

Scrap and waste of precious metals must be subjected to pre-treatment to remove materials that cover precious metals (ceramics, plastics, and others) in preparation for delivery to processing plants.

Processing (treatment) of scrap and waste of precious metals and waste of precious stones shall be carried out in accordance with this Law or other acts of legislation.

Business entities that purchase (procurement) scrap and waste of precious metals shall have the right to:

independently process (treatment) the scrap and waste of precious metals they have acquired, if they have the right to carry out this activity on the basis of a notification procedure established by law;

transfer scrap and waste of precious metals for processing (treatment) to legal entities entitled to carry out this activity;

transfer scrap and waste of precious metals to refineries.