Valcambi is a precious metals refining company located in Balerna, Switzerland, and a company of Rajesh Exports Limited. Valcambi is owned by European Gold Refineries, which is owned by Global Gold Refineries AG, which in turn is 95% owned by REL Singapore PTE Ltd. and 5% by Rajesh Exports Limited India. Valcambi is thus 100% controlled by Rajesh Exports, the parent company of REL Singapore.[1]

Valcambi
Formerly
Valori & Cambi
S.A. (corporation)
IndustryRefining
FoundedBalerna, Switzerland (May 15, 1961; 58 years ago (1961-05-15))
Headquarters,
Area served
Worldwide
Key people
ProductsPrecious metals
Number of employees
155
ParentRajesh Exports
Websitewww.valcambi.com
An example of a Valcambi minted gold bar.

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.[2] Additionally, the company provides precious metals assay, transportation, and storage services.

HistoryEdit

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.[1]

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

ReferencesEdit

  1. ^ a b "Swiss Gold Refineries and the sale of Valcambi - Ronan Manly". Ronan Manly. 2015-07-31. Retrieved 2016-12-03.
  2. ^ "The World's largest Precious Metals Refineries - Inside BullionStar". Inside BullionStar. 2016-08-19. 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 linksEdit