Asia's largest gold refinery to come up in next 6 months

by bharathi 2010-10-23 10:23:39

Asia's largest gold refinery built jointly by state-owned MMTC and Switzerland's PAMP at an estimated investment of Rs. 200 crore in Haryana is likely to go on stream by this fiscal end, a senior government official said in New Delhi on Friday.

"MMTC-PAMP gold and silver refinery at Manesar in Gurgaon will be commissioned in next five to six months. This will refine 200 tonnes of gold, 600 tonnes of silver and 2.75 millions units of medallions. This is the world's second largest such refinery after South Africas' Rand Refiner," MMTC CMD H S Mann said at the MMTC Gold Festival in New Delhi.

The JV refinery was earlier scheduled to start operations in September but was reportedly delayed on technical grounds.

MMTC holds 72 per cent in the joint venture. India is the world's top consumer of the metal and MMTC is one of biggest gold importers.

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