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❓ A WA parliamentary question probes the Perth Mint's sourcing of precious metals, potential supply issues, and dealings with China. The answer provides data on gold and silver sourcing but defers questions about customer allocations to the Premier.

AnsweredQoN 142Legislative Council

Asked

26 May 2021

Member

Hon Dr Steve Thomas

Portfolio

Mines and Petroleum

QuestionView source ↗

I refer to the Perth Mint's sourcing of precious metals for the purposes of refining and creating bullion that is on-sold to customers and markets around the world, and I ask: (a) what types of precious metals are accepted by the Perth Mint for refining; (b) of those metals in (a), what volumes are on average annually sourced from: (i) Western Australia; (ii) Australian jurisdictions outside of Western Australia; and (iii) overseas; (c) has the Premier, or his office, received any allegations that the Perth Mint is unable to fulfill customer allocations of gold or silver bullion and, if so, what actions are being undertaken to investigate the allegations; and (d) does the Perth Mint purchase metals from China and, if so, which ones and in what quantity?

AnswerView source ↗

Answered

22 June 2021

Responded by

Minister for Regional Development representing the Minister for Mines and Petroleum

Response time

8 days

(a) Gold and Silver
(b)
Fine Gold (kg)
Fine Silver (kg)
(i) Western Australia
180,766.74
36,643.21
(ii) Australian jurisdictions outside Western Australia
34,941.79
158,373.32
(iii) Overseas
70,921.13
12,126.64
(c) Please refer this question to the Premier.
(d) Yes. Gold Corporation purchases LBMA accredited metal from internationally based bullion banks in varying quantities depending on global demand for precious metals.

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