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Gold Fields production down due to unbundling of certain assets in South Africa into a newly created company called Sibanye Gold. [37] 3 of the companies took on major writedowns on their assets in the last quarter of 2011 and that affected their annual profits (Newmont $1.6B, Kinross $2.94B, Agnico-Eagle Mines $644.9M).
An example of a Valcambi minted gold bar. 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.
Garfield Refining is a Philadelphia, Pennsylvania based refinery specializing in the purchase of precious metal, including gold, silver, platinum and palladium. The company was founded in 1892 and was originally called Eastern Smelting. [1] In 1928, it was purchased by the Garfield family.
For more companies, head on over to 5 Biggest Gold Mining Companies in the World. Gold is one of the most central assets in the financial world. Used as a currency standard until the late 19th ...
He subsequently founded the American Platinum Works in 1903 and acquired several other companies. In 1904, he purchased Baker & Co., a platinum smelting and refining business located in Newark and in 1905, he established Hanovia Chemical and Manufacturing Company also in Newark. Engelhard became the world's largest refiner and fabricator of ...
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. [3] It is headquartered in Toronto, Ontario, Canada. [4] It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. [5]
The company has been in talks with Banro, a Canadian gold mining company, to form a joint venture to develop mines and the supporting electricity supply in the Democratic Republic of Congo. Preliminary talks between the miners were reported in April 2011 when the companies signed a non-binding memorandum of understanding (MOU). [8]
By law, the South African Mint Company is the only company allowed to manufacture South African legal tender coins such as the world-famous Krugerrand. Rand Refinery supplies all the gold used to manufacture the coins. It has been appointed the sole supplier of bullion Krugerrands to primary distributors both locally and internationally.