Swiss company to build $15m gold refinery in Singapore by end-2013

It'll accommodate 150 metric tons annually.

According to a report by Bloomberg, Metalor Technologies SA, based in Switzerland, expects to complete its gold refinery in Singapore by the end of this year as the country seeks to expand its share of global bullion trading.

The precious-metals processor cast its first one-kilogram gold bar in Singapore this week, Chairman Scott Morrison said. The $15 million refinery will have a capacity of about 150 metric tons a year, he said on Bloomberg Television’s “First Up” With Susan Li.

Read full report here.

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