Chile's Codelco achieves certification for silver bullion production

SANTIAGO, Jan 14 (Reuters) - Chilean state-run miner Codelco, the world's largest copper producer, said on Wednesday that a partnership with Korea's LS-MnM earned a quality certification for silver bullion production.

• Codelco's silver bars are the first in the South American country to be certified under the Good Delivery standard, granted by the London Bullion Market Association (LBMA).

• The company joins relevant silver producers such as Mexico's Penoles PEOLES.MX, Polish KGHM KGH.WA and Aurubis NAFG.DE from Germany.

• The certification guarantees that the silver produced, some 200 tons per year, "meets the highest standards of purity (99.99%), physical quality and responsible traceability, allowing its sale to global banks and institutional investors with significant commercial advantages".

• The accreditation process for the plant, which has been operating in the northern city of Mejillones since 2016, resumed just over two years ago.

• The Planta Recuperadora de Metales (PRM) is a partnership between Korea's LS-MnM (66%) and Codelco (34%).