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June 08, Issue 9
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Welcome to our monthly e-newsletter. If you have any questions, comments or suggestions, please contact news@metalreg.com.
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In this month’s issue:
· BOVESPA AND BRAZILIAN MERCANTILE & FUTURES EXCHANGE - Merger Plan approved by Shareholders
· DME - Plans to introduce a Gold Futures Contract
· LBMA / TOCOM - Lists New Refiners to their Good Delivery Lists
· EU REACH - PRECIOUS METALS (AND RHENIUM) CONSORTIUM - Consortia Meeting 20 June 2008, Toledo, Spain
· EU REACH - Online Pre-Registration Commenced 1 June 2008
· EU REACH – Timetable Provided
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BOVESPA AND BM&F SHAREHOLDERS APPROVE MERGER PLAN
On 8 May 2008, it was announced that the shareholders of Bovespa Holding SA and Brazilian Mercantile & Futures Exchange had approved a merger of the two exchanges. The new exchange is named BM&F Bovespa SA and will trade stocks, currencies, commodities and futures. BM&F Bovespa SA will be listed on Novo Mercado once its application for registration has been approved by the Brazilian Securities and Exchange Commission. It will become the world's third largest exchange by market capitalisation and the second largest exchange in the Americas measured by market value.
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DME - PLANS TO LAUNCH A GOLD FUTURES CONTRACT
On 11 May 2008, James E. Newsome, President and Chief Executive of the New York Mercantile Exchange (NYMEX) and board member of the The Dubai Mercantile Exchange (DME) announced that DME is planning to introduce a gold futures contract. The new contract would be traded on the DME's existing electronic trading platform. Further details to be announced.
The DME is a joint venture between Tatweer, a member of Dubai Holding, NYMEX and the Oman Investment Fund (OIF).
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LBMA / TOCOM - LISTS NEW REFINERS TO GOOD DELIVERY LISTS
The London Bullion Market (LBMA) on 8 April 2008, listed Allgemeine Gold - und Silberscheideanstalt AG, Germany, under its Gold Good Delivery List.
The Tokyo Commodity Exchange (TOCOM) on 14 May 2008, listed LS-Nikko Copper Inc. under its Gold Good Delivery List.
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EU REACH - PRECIOUS METALS (AND RHENIUM) CONSORTIUM - FORTHCOMING CONSORTIA MEETING
The Precious Metals (and Rhenium) Consortium's key purpose is to bring manufacturers, importers and Only Representatives (OR's) together to prepare for Pre-Registration and ultimately for joint Registration under REACH.
The consortia covers Silver, Gold, Platinum Group Metals (PGM) and their compounds, and since December 2007, also includes Rhenium and Rhenium compounds. A Consortium Agreement is available to cover all organisational aspects of the Consortium.
The next Consortia Plenary Meeting will take place on 20 June 2008 in Toledo, Spain. For further information, please contact:-
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EU REACH - PRE-REGISTRATION CAN NOW COMMENCE
Reach Pre-Registration commenced on 1 June 2008. Companies can submit data to the European Chemicals Agency (ECHA).
Please bear in mind that once a company has pre-registered its substances, it can then take advantage of the staggered timeline for full REACH Registration (shown below). Companies that do not pre-register will have two choices for their substances:-
i) stop importing or making the substance
ii) carry out a full registration of the substance straight away
To learn how to submit data to ECHA, please go to:-
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EU REACH - TIMETABLE
For reference purposes, key dates are outlined below:-
June 1 2007 - REACH comes into force
June 1 2008 - Pre-Registration commences
Nov. 30 2008 - Pre-Registration finishes
December 2008 - List of pre-registered substances published
Nov. 30 2010 - Registration deadline for:-
.>1000t/annum substances
Substances of very high concern
May 31 2013 - Registration deadline for:-
.>100t/annum substances
May 31 2018 - Registration deadline for
.>1 t/annum substances
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