Dubai’s Kaloti Group has announced it is to build a new $60 million gold and precious metals refinery in its home country which will be one of the biggest in the world.
by Lawrence Williams, MineWeb.com
Hard on the heels of an announcement that it is to build a gold smelter and refinery in Suriname in South America in conjunction with that country’s government, Dubai’s Kaloti group has announced it is to build a US$60 million state-of-the-art gold and precious metals refinery in its own country – and this is expected to be one of the world’s largest such facilities. Kaloti already has a gold and precious metals refinery in nearby Sharjah in the United Arab Emirates.
The Kaloti Jewellery Group already reckons to be one of the world’s largest gold and precious metals refiners and trading houses. The company, its subsidiaries and associates employs 300 people in seven countries -Dubai, Singapore, Hong Kong, USA, Turkey, Suriname as well as its refinery in Sharjah. The company says it thus provides a complete and comprehensive solution for the precious metals industry including assaying, logistics, bullion trading and refining and vaulting services.
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