Skip to main content
Home
  • The Legislative Assembly meets on 16/04/2024 (01:00 PM)
    Assembly sit 16/04/2024
  • The Legislative Council meets on 16/04/2024 (01:00 PM)
    Council sit 16/04/2024
  • The Public Administration meets on 08/04/2024 (10:00 AM)
    Committee meet 08/04/2024

Parliamentary Questions


Question On Notice No. 142 asked in the Legislative Council on 26 May 2021 by Hon Dr Steve Thomas

Question Directed to the: Minister for Regional Development representing the Minister for Mines and Petroleum
Parliament: 41 Session: 1


Question

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?

Answered on 22 June 2021

(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.