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Refining operations at Valcambi began in 1961.
In 1967 Credit Suisse purchased 80% of the company from its founders.
Credit Suisse purchased the remaining 20% of Valcambi in 1980 and the refinery
became a 100%-owned subsidiary of the bank.
In December, 2003 a new company, European Gold Refineries Holding SA (“EGR”)
formed by the founders of Valcambi (50%) and Newmont Mining Corporation
(50%), purchased 100% of Valcambi.
Newmont Mining Corporation
is the second world's largest gold producer with significant assets or operations
on five continents.
The founders of Valcambi are a group of private Swiss investors that have had an
interest in the precious metals business for over 50 years.
Share capital is divided between Newmont (60.6%) and private investors (39.4%). |
