PURCHASE AND REFINARY
Vigwines is a partner of a refinery in europe
Vigwines’s refining procedure reflects the way we like to operate: straightforward and transparant. During the complete procedure, we will run through six big steps that allow a smooth operation. Every shipment is treated with the utmost care and as a stand-alone transaction. From customer acquisition through delivery, Vigwines performs all activities inhouse, so no intermediairy parties are involved. Below are the six building blocks of our procedure.
Vigwines needs to know who we are doing business with. The Client Identification Form contains all the necessary information to do so. Before entering into an agreement, Vigwines Refinery has set up a client intake procedure that will enable us to acquire all the necessary information for future cooperation. It consists of a Client Identification Form and an agreement on Vigwines’s Terms and Conditions. The Client Identification Form that needs to be signed requires you to submit the following company papers: incorporation papers, valid ID copies, signatories, etc. In addition, we require you to read and sign our terms and conditions. Once these criterias have been met, you will receive a unique client ID and you can start delivering your material.
PROPOSE – Proposing & Weighing
During office hours you can propose your material at Vigwines. Using a secured transport is also possible. At our refinery, all the deliveries (by yourself in person or by way of a secured transport company) are carefully unpacked and weighed in order to have the correct starting weight. As we strive for full transparency, the weighing will be done together with the client. A delivery note with the exact details of the shipment will be provided.
All shipments will be melted into homogeneous scrap bars allowing Vigwines to take the necessary sample for the fire assay. Once the material has been received and fully weighed, the shipments will be melted into homogeneous scrap bars. On each shipment, several samples will be taken in order to have the correct samples to start the analysis of the material and calculate the assay results. The bars will be molten and poured into small golden flakes that act as input for the refining process.
All shipment pass on to the refining schedule in order to convert the scrap material into fine metals. The flakes will be poured into containers with chemical liquids and will rest and dissolve for at least 8 hours. After this resting period, the material will be chemically boiled, cooled and poured into containers attached to a gas installation (SO²) that will further process the material. The fine residue will be extracted into funnels and move onto the cleaning process. In this cleaning process, the residue which is pure powder will be rinsed in order to obtain 99,99% pure metals.
After the refining process is executed, the fine metals will be poured into our bullion. After the residue has been fully rinsed and dried, it will be molten into pure golden bars. The scrap bars will be cut in order to weigh the exact weights to make our bullion (ranging from 50g to 1000g). The weighed parcels are then re-heated, molten and poured into the moulds.
After analysis the material can be physically delivered, added to your metal account or simply sold. Once your shipment has been assayed and refined, Vigwines will be able to provide you with the exact percentages of fine content (Au/Ag/Pt/Pd). Our clients will have a number of options on how to further proceed: the fine content of your material can be added to your personal metal account, it can be physically delivered to you or you can choose to sell it to Vigwines. The sales process will run through our trading office, i.e. Vigwines Trading that will be in close contact with you.
WHY CHOOSE US?