Listed jewel merchant Rajesh Exports is in chats with secure an extensive stake in Swiss gold refinery in an all-cash deal which could be regarded at about $400 million (over Rs 2,500 crore at current swapping scale). According to two persons aware of the exchanges, the Bengaluru-headquartered association had sounded out Valcambi, asserted by the S&P500-recorded Newmont Mining Corporation, on a possible trade.
Valcambi refines around 1,200 tons of gold reliably, making it one of the world’s greatest. Names of a segment of the other arranged refineries doing the rounds in industry circles are Argor-Heraeus and Metalor, both arranged in Switzerland.
Rajesh Exports will search for underwriting for the purchase of one of these refineries at an official meeting on July 2.