New refinery sees gold rush from S-E Asia
SINGAPORE - More gold will flow into Singapore next year following the establishment of a new gold refinery here.
Gold scrap that had been shipped from South-east Asia to other countries with refining capabilities will now instead come to Singapore, Metalor Technologies' country head Robert Gilles told The Business Times.
Last month, the Swiss precious metals refiner announced that it was investing US$15 million to build a gold refinery and bullion product manufacturing plant here. This will see a doubling of its headcount of 25 at Metalor Singapore which currently focuses on sales and technical support in precious metal plating.
Read more: AsiaOne.com, 12 December 2012