Posts
For Immediate Release
International investment companies AAIC Ltd and BWT Investments Ltd have joined forces to take advantage of the surge in demand for physical gold bullion, committing an initial US$25m to develop a global network of precious metals refineries.
The first new refinery, which will produce gold bullion of the finest purity, will be built in Malaysia at a cost of US$10m. Further factories are earmarked for the Middle East, Central Asia, Africa, and South America in an expansion that will take five years to complete.
Group Managing Director Patrick Harvey said: ?Malaysia is the ideal location for our first factory as it has liberal gold trading laws and an investor friendly fiscal framework. The refineries will produce up to ten tons of bullion a month each and will take advantage of new environmentally sound technologies?
AAIC Ltd is an international investment company established in Guernsey, CI with strong ties to Malaysia, London, and the US, and BWT Investments Ltd is part of the international BWT Group of Companies.
For further comment, please contact:
Chandrasegaran in Malaysia on +60 1 29172150 or by e-mail at chandran@aaicl.com
Bryan L. Cook in London on +44 207 193 0107 or Zurich on +41 44 586 2280 or by e-mail at blcook@aaicl.com
Kuala Lumpur, 24 February 2010
Related categories: Big bars Bullion coins and small bars Gold bars Gold coins Gold trading Jewellery 
No comments:
Post a Comment