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Valcambi is a precious metals refining company located in Balerna, Switzerland. They refine gold, silver, platinum and palladium into various forms including cast and minted bars, rounds, coins, and other semi-finished casting products. It is among the world's largest precious metals refiners, and refines more gold than any other.[1] Additionally, the company provides precious metals assay, transportation, and storage services.

History

The company was formed on May 15, 1961 as Valori & Cambi by a group of 5 Swiss businessmen/entrepreneurs from Mendrisio. The name was changed to Valcambi on June 30, 1967. In 1967, Credit Suisse bought 50% of the Valcambi refinery, followed by the purchase of another 30% stake in 1968. The remaining 20% was purchased in 1980, giving Credit Suisse 100% control of the firm.[2]

In 2003, European Gold Refineries SA purchased 100% of Valcambi from Credit Suisse for approximately $400 Million.[3][4][5]

European Gold Refineries is 100% owned by Global Gold Refineries AG, which in turn is 95% owned by REL Singapore PTE Ltd. and 5% by Rajesh Exports Limited India. In effect Valcambi is 100% controlled by Rajesh Exports Limited since they have a 100% stake in REL Singapore.[2]

References

  1. ^ "The World's largest Precious Metals Refineries - Inside BullionStar". Inside BullionStar. 2016-08-19. Retrieved 2016-12-03. 
  2. ^ a b "Swiss Gold Refineries and the sale of Valcambi - Ronan Manly". Ronan Manly. 2015-07-31. Retrieved 2016-12-03. 
  3. ^ "2003 US SEC Form 10-K for Newmont Mining Corporation". Retrieved 2016-12-03. 
  4. ^ "European Gold Refineries, company register, Canton of Ticino". 2003-10-12. Retrieved 2016-12-09. 
  5. ^ "India's Rajesh Exports Acquires Newmont's Swiss Gold Refiner". Bloomberg.com. Retrieved 2016-12-09. 

External links