LBMA Refinery Routing
Professional Access to LBMA & UAE Good Delivery Refineries.
LBMA & UAE Good Delivery Refinery Routing
HFM Gold Trading LLC provides refinery routing services for mining companies, licensed exporters, and corporate aggregators requiring access to LBMA-accredited and UAE Good Delivery (UGD) refineries.
Our refinery routing service supports producers who require professional refining but may not meet the standalone volume requirements or settlement timelines of large refining facilities.
Through our routing infrastructure, producers receive a commercial settlement payout within 24 to 48 hours following the independent Dubai assay, while HFM Gold manages the physical 1.5 to 3-week chemical refining process.
Whether you are supplying Gold Doré Bars or Alluvial Gold , our refinery routing service provides access to internationally recognized refining infrastructure through a structured and compliant process.
Refinery Routing Infrastructure
- LBMA refinery access
- UAE Good Delivery (UGD) routing
- Gold doré refining coordination
- Scrap gold refinery routing
- Commercial lot pooling
- Institutional assay verification
- Refinery-linked settlement
- International precious metals logistics
Ready to Route Your Shipment?
Access LBMA and UAE Good Delivery refinery infrastructure through HFM Gold.
Infrastructure
Refinery Network
HFM Gold routes eligible material to a selected network of internationally recognized refining facilities. The destination refinery is determined by the material's origin, shipment volume, and preferred settlement location.
Primary Refining Partners
Al Etihad Gold (UGD)
High-capacity commercial refining and manufacturing.
SAM Precious Metals (UGD)
Regional powerhouse for gold and silver purification.
Emirates Gold (UGD)
Specialized for regional minting and vault allocations.
International LBMA Facilities
Standalone routing for consignments of 100kg and above.
Volume Structure
Refinery Routing Tiers
| Routing Tier | Volume Requirement | Service Structure |
|---|---|---|
| Consolidated Tier | 10 kg – 49 kg | Individual assay with pooled refinery routing |
| Mid-Wholesale Tier | 50 kg – 99 kg | Preferential treatment charges with accelerated aggregation |
| Direct Refinery Tier | 100 kg+ | Standalone, segregated batch routing directly to primary refinery networks |
Material Handling
Commercial Lot Pooling
HFM Gold provides Commercial Lot Pooling for producers shipping less than 100kg per consignment. This enables mid-tier producers to access wholesale refinery routing without meeting the volume requirements typically associated with standalone refinery processing.
Commercial Lot Pooling
Available for producers shipping:
- Less than 100kg per consignment
- Access to wholesale refinery routing
- No standalone refinery volume requirement
- Designed for mid-tier gold producers
Commercial Lot Pooling enables eligible producers to benefit from wholesale refinery routing without meeting the minimum volume typically required for individual refinery processing.
Independent Lot Verification
Every shipment is handled independently:
- Melted, homogenized, and sampled separately
- Verified before entering the routing process
- Assayed by accredited Dubai laboratories, including MPC or ARY
- Never combined with another producer's shipment before verification
Each shipment undergoes independent verification to preserve material integrity and maintain full traceability throughout the routing process.
Independent Commercial Settlement
Commercial settlement is based on:
- Individual Fire Assay results
- Shipment-specific payable gold content
- Agreed commercial pricing terms
- Settlement without waiting for consolidated refinery batches
Suppliers receive commercial settlement based on their individual shipment rather than waiting for the entire pooled refinery batch to complete processing.
Compliance Requirements
Every contributor must provide:
- Individual Conflict Minerals Declaration (CMD)
- Responsible sourcing documentation
- Mine origin and ownership verification
- Supply chain compliance records
HFM Gold does not combine material originating from different risk categories, supporting responsible sourcing throughout the refinery routing process.
Pricing
Transparent Refining Fee Structure
HFM Gold operates a transparent refinery routing and settlement model. All commercial deductions are disclosed prior to transaction execution.
Refining Treatment Charges
Typical Range
USD $0.75 – $2.75
per troy ounce
Final Rates Depend On
- Shipment volume
- Material complexity
- Refinery destination
- Metal composition
- Logistics structure
Commercial Liquidity Discount
Typical Spread
0.25% – 1.25%
A small commercial payout spread may apply to account for accelerated settlement and liquidity deployment, applied against the prevailing LBMA Gold Price benchmark.
Logistics & Insurance
Logistics and specific insurance costs are passed through at institutional corporate rates from approved armored carriers and secure logistics providers.
Material Penalties & Rejection Thresholds
Specific deductions may apply for elevated volatile or contaminant content including:
- Copper above 10%
- Lead above 1%
Mercury Policy · Automatic Rejection · Material containing Mercury concentrations above 0.05% is subject to automatic rejection in accordance with refinery compliance standards.
Logistics, Hedging & Risk Management
Refinery Routing Timeline
Following the independent Dubai assay, commercial settlement is generally completed within 24 to 48 hours. The physical refining process continues through the selected refinery and typically requires 7 to 15 business days before the material is refined into institutional-grade bullion products. This allows producers to receive commercial settlement while the physical refining process continues.
| Process Stage | Estimated Timeline |
|---|---|
| Shipment Transit | 3–5 business days |
| Dubai Assay & Verification | 24–48 hours |
| Commercial Settlement | 24–48 hours post-assay |
| Final Chemical Refining | 7–15 business days |
Risk Management
Price Protection
During the 3 to 5-day transit period from the country of origin, HFM Gold’s trading desk provides structured hedging options designed to reduce exposure to market price movements.
This approach helps protect commercial margins from the point of export until the final Dubai assay determines the settlement value.
Transparency
Real-Time Shipment Tracking
HFM Gold provides visibility throughout the refinery routing process.
In Transit
Live shipment tracking is available through approved armored carrier portals.
Assay Status
Automatic notifications are provided once melting and sampling have been completed.
Settlement Updates
Suppliers receive immediate notification once payment has been dispatched through SWIFT or the applicable banking channel.
Ready to Route Your Next Shipment?
Whether you are shipping Gold Doré Bars, Alluvial Gold, or Gold Scrap, HFM Gold provides access to LBMA and UAE Good Delivery refinery infrastructure through a structured routing process. Our team can assist with refinery routing, compliance review, and shipment coordination before your material leaves the country of origin.
Questions
Frequently Asked Questions
No. Commercial settlement is typically completed within 24 to 48 hours after the independent Dubai Fire Assay is completed. HFM Gold manages the remaining refinery processing timeline while your material continues through the selected refinery.
Yes. HFM Gold provides refinery routing for both Gold Dore Bars and high-purity gold scrap to approved LBMA and UAE Good Delivery (UGD) refining facilities, subject to compliance review.
HFM Gold is a trading and aggregation company rather than a refinery. Our infrastructure is audited against the UAE Good Delivery (UGD) Standard, which is aligned with the OECD 5-Step Due Diligence Framework.
Private Consultation
For alluvial gold inquiries or to begin the three-stage onboarding process, coordinate directly with HFM Gold Compliance Department.
106, Gold Land Building, Dubai, UAE
+97143950866
info@hfmgold.com