South Africa's Rand Refinery, is considering setting up a refining plant in China within two to three years.
JOHANNESBURG(BillionStreet): "After Singapore, world's largest gold refiner,Rand Refinery is targeting China, world's top gold producer, reports reuters.
"South Africa's Rand Refinery, is considering setting up a refining plant in China within two to three years, joining hands with a local partner on its first such plant abroad, reuters report said quoting a senior executive of Rand.
"Rand is targeting Asia, home to the world's top two gold consumers, China and India, as a key region for future development. It expects to complete a sampling and assaying facility in Singapore by the end of the year.
“During the past year, we have identified one or two possible opportunities to partner for a potential initial refinery footprint in China,” Peter Bouwer, chief strategy officer at Rand, told Reuters on the sidelines of a conference.
"He declined to give details, saying the plan was at a very early stage. ..."