Kaloti Group achieves new health and safety ISO and upgrades refinery facility

Awarded ISO 18001:2008
Process approved by the Dubai Municipality
Installs latest and most advanced assaying technology in refinery

Dubai, UAE; 19 June 2013: Kaloti Jewellery Group ("Kaloti"), one of the world's largest gold and precious metals refiners and trading houses, announced that its Sharjah-based refinery has achieved International Organization for Standardization (ISO) 18001:2008 for occupational health and safety. The process was undertaken by the Bureau of Assessment Service and is approved by Dubai Municipality.

OHSAS 18000 is an international occupational health and safety management system specification. Central to OHSAS requirements are strong policies and procedures, and implementing the standard will help minimise the risk to employees, improve existing health and safety management systems, and demonstrate diligence. This will add to the two accreditations that Kaloti was awarded previously: ISO 9001:2008 for its integrated management system and ISO 14001:2001 for the environment.

Monzer Medakka, Managing Director of the Kaloti Jewellery Group, said:

"Making our refinery safe has always been a top priority and achieving an ISO accreditation is a reflection of our determination to ensure that we have implemented all the necessary procedures and regulations. This accreditation makes us fully accountable and transparent to our clients, our employees and the public, who know that our gold bars and ingots are produced with the highest quality and standards. Our refinery is now one step closer to receiving LBMA approval as this is a mandatory requirement."

Kaloti has successfully installed one of the most advanced assaying machinery, the Inductively Coupled Plasma ("ICP"), in its Sharjah refinery. ICP has the capability of assaying over 30 types of precious metals including gold, silver and platinum, and its methods provide a complete analysis of the assayed samples compared to the standard technique of Fire Assay. In addition, it gives more accuracy in the assaying of high purity gold. This technology will help increase production turnover by speeding up the analysing process and providing more accurate and broader scale of analysis of precious metals. The refinery currently produces 300 annual tons of gold and silver.

Medakka added:

"This installation marks a significant milestone for our company and our technology. We want our customers to have the best assaying facilities available to them and we expect the results to improve efficiency and operations for gold processing."

In April, Kaloti announced the ground breaking development of its new refinery in Dubai, one of the world's largest gold and precious metals refineries. Set for completion in late 2014, the refinery will have the capacity to refine up to 2,000 tons of gold and precious metal.

About Kaloti Group
Established in 1988, Kaloti Group is one of the world's largest gold and precious metals refiners and trading houses. The company, its subsidiaries and associates employs 300 people in 6 offices, located in Dubai, Singapore, Hong Kong, Miami, Istanbul, Suriname and a gold and precious metals refinery in Sharjah (UAE). The company's strength provides a complete and comprehensive solution for the precious metal industry such as assaying, logistics, bullion trading and refining and vaulting services. Kaloti's refinery is accredited by the Dubai Good Delivery in gold and the Hong Kong Mercantile Exchange (HKME) and has seats on the DGCX, COMEX(division of NYMEX), IGE. It is also a member of the DMCC, DGJG and DGAG, and associated member of LBMA, affording Kaloti the highest international standards and best practice in the industry.

For further information, please visit: www.kalotico.com.

For media enquiries:
Charlotte Connerton
+971 (4) 446 6270
Kaloti@brunswickgroup.com