Mining Advisor and Dubai Investor Selim Fendi announces to open the first Gold Refinery in Monaco


Posted December 13, 2016 by selimfendi

This decision of Fendi to open the first gold refinery in Monaco stands in contrast to the global demand for gold.

 
Monaco, 13 December, 2016: Monaco has been on the list of wealthy nations in the world since a long time. Offering an amazing opportunity for investors across the globe, Monaco is also considered as one of the most dynamic nations for industrial growth. The Monaco gold market also buys gold at a premium in order to ensure complete traceability and fair labor conditions without harming the environment. Finance and Management Services expert and Mining Advisor Selim Fendi says, “His plans and visions for the new Gold Refinery project in Monaco is aimed at offering completely traceable gold with all compliance to environment and healthy labor conditions.”

In a time where some of the factories are seizing their operation of mining and refining gold, the decision of Fendi raises a few eye-bros, though. But this Finance and Management Services expert is completely composed and well-conceived of the idea of creating a refinery with a capacity to produce 1 metric ton of gold per month in the first year of its production. Fendi also plans to improve the capacity of this refinery to 3 metric tons over the years.

“Our gold will be mined from mines in Peru, Ecuador, and Colombia, where we have invested through our Dubai based gold trading company- Nobel Precious Metal DMCC. Our target market at present will be the US and Europe markets where major luxury groups are lined up to procure gold from us. We assure our buyers that our gold from the proposed Monaco refinery will be completely traceable and will be from non-conflict areas.” – details Fendi, the Mining Advisor, Managing Partner and gold trader from Dubai.

“Monaco is a perfect place to setup gold refinery as this country has abundance of wealth and wealth brings in gold. The demand in the market is quite high because of the wealthy people and this is a perfect time to cash-in this opportunity in Monaco. With a subtle balance between the procurement through mining to refining and market propagation, we have made the right decision at the right time to set this refinery up. Our Monaco based company Aurum Monaco SAM complies with the statutory norms of Organization for Economic Cooperation and Development. We will have full traceability from mining to refiner.” – adds Fendi in an interview.

Aurum Monaco SAM will be the first ever gold refinery to be setup in Monaco with a international clientele from major gold procurers from Europe and USA. The refinery is expected to start its production in the early 2017. As per a statistics, this gold from Monaco refinery will help the big luxury brands to have enough certified gold with complete compliance to environmental norms and healthy labor regulations. Hopes are high for this Finance and Management Services expert and Mining Advisor Selim Fendi, who is also one of the owners of Aurum Monaco SAM. For more information this article on Intelius can be referred at https://www.intelius.com/people/Selim-Fendi/Miami+Beach-FL/0c3zs0720ze .
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Issued By selimfendi
Website Selim Fendi
Country Monaco
Categories Business
Tags finance and management services , mining advisor , selim fendi
Last Updated December 13, 2016