Uralelectromed is the largest copper smelting plant in Russia. Its mining and refining services have never stopped growing since its creation, and it is now one of the suppliers of gold and silver to the London Bullion Market Association.
The Company
Renamed Uralelectromed in 1975, the company was created under the name Pyshminsky Copper-Electrolyte Plant in 1934.
The company extracts copper and other metals, including gold and platinum, at the Nevianskiy mine in the Ural, while producing a vast array of metallic products and powders.
Historically, Uralelectromed is known for having produced 80% of the copper used in making hard casings and shells in Russia during the the war years of 1941 - 1945.
In 1999, Uralelectromed became the main company of the Ural Mining and Metallurgical Company (UMMC), the state company created that same year. UMMC operates in 11 regions in Russia. In 2002, Uralelectromed became an Open Joint Stock Company (OJSC) within UMMC.
The headquarters and the gold refinery are located in Verkhnyaya Pyshms, in Serdlovsk oblast, in the Ural. Uralelectromed has been led by Vladimir S. Kolotushkin since 2009.
Refining – Products
Uralelectromed started producing gold and silver bullion in 1997 so it uses recent refining processes. The main auriferous matters processed are from tank house slime (from the copper industry) and electronic waste. The refinery produces about 10 metric tons of gold annually.
It took only seven years for their products to obtain the Good Delivery accreditation, essential to operate on the professional gold market. This accreditation has become an accepted international quality standard, which guarantees that the bars produced meet all the strict requirements defined in the LBMA’s Good Delivery list.
This refinery has an array of investment products, including classics such as the 1,000oz silver bars and 1kilogram gold bars. The bars are stamped with the word “Russia” within a circle, as most Russian bars are.
Other Services
This refinery produces several industrial metals: copper cathodes, electrolytic powders, nickel sulphate, copper sulphate, aluminum alloys, and others.
Accreditations
Their gold and silver products have been accredited by the LBMA since 2004. This accreditation, re-confirmed in 2013, ensures that the refinery respects all standards of fineness and quality.
In 2009, Uralelectromed obtained ISO 9001 certification, the international reference for quality management. The refinery is rigorous in all aspects of its activities, particularly in the areas of security and the environment.
Ongoing investments toward developing a better respect for the environment during the production chain have been rewarded by ISO 14001 and ISO 140 certifications.
