Royal Mint will produce around 4,700 victory medals for the London 2012 Olympic and Paralympic Games, announced the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) on Tuesday.

Royal Mint will make these medals at their headquarters in Llantrisant, South Wales.

Adam Lawrence, Chief Operating Officer at the Royal Mint, said that "As a UK manufacturer, this is great news for the country, the 800 people we employ and our suppliers."

Paul Deighton, London 2012 CEO, said that "We're delighted to be working with the Royal Mint, a company established in the UK for 1,100 years, to produce the London 2012 victory medals.

"The Olympic and Paralympic medals are presented to elite athletes at the biggest sporting events in the world - a moment which represents the pinnacle of their career and we're pleased to announce that they will be produced in South Wales."