Valcambi
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| Formerly | Valori & Cambi |
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| Company type | S.A. (corporation) |
| Industry | Refining |
| Founded | Balerna, Ticino, Switzerland (May 15, 1961) |
| Headquarters | Balerna , Switzerland |
Area served | Worldwide |
Key people | |
| Products | Precious metals |
Number of employees | 155 |
| Parent | Rajesh Exports |
| Website | www |
Valcambi is a precious metals refining company located in Balerna, Switzerland, and a subsidiary 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]
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.
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.[1]
In 2003, European Gold Refineries SA purchased 100% of Valcambi from Credit Suisse for approximately $400 million.[3][4][5]
In 2015, Rajesh Exports Limited, a Bengaluru-based jeweller, acquired Valcambi for $400 million in an all-cash deal. The company bought out the stakes of US miner Newmont Mining Corporation and a group of global investors to own 100% equity in Valcambi.[6]
References
- ^ a b "Swiss Gold Refineries and the sale of Valcambi - BullionStar - Ronan Manly". BullionStar - Ronan Manly. 2015-07-31. Retrieved 2016-12-03.
- ^ "The World's largest Precious Metals Refineries - Inside BullionStar". Inside BullionStar. 2016-08-19. Retrieved 2016-12-03.
- ^ "2003 US SEC Form 10-K for Newmont Mining Corporation". Retrieved 2016-12-03.
- ^ "European Gold Refineries, company register, Canton of Ticino". 2003-10-12. Retrieved 2016-12-09.
- ^ "India's Rajesh Exports Acquires Newmont's Swiss Gold Refiner". Bloomberg.com. Retrieved 2016-12-09.
- ^ "Jeweller Rajesh Exports buys refiner Valcambi for $400 million". Reuters. 2015-07-27. Retrieved 2023-05-18.
External links
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