Feb. 10--BUCHAREST -- Rand Refinery, the largest integrated precious metals smelting and refining complex, targets 20 percent of the Romanian market in the years to come, said executive manager of the company Howard Craig on Monday.
Rand Refinery is operating in Eastern Europe through the International Gold Trust and in Romania through Aurom Metal Investments.
Aurom Metal Investments intends to open a laboratory for testing gold purity by the end of this year, explained Alessandro Amato, one of the company's consultants.
According to him, the annual market of Romania delivers between 750 kilograms and 2 tonnes.
Rand Refinery joins the Romanian market this year. Since its inception, the company has refined almost 50,000 tonnes of pure gold, namely 30 percent of the total quantity of gold refined the world over since ancient times. It will supply banks in Romania the gold necessary to meet customer demand.
(c)2014 Agerpres, Bucharest, Romania
Visit Agerpres, Bucharest, Romania at www1.agerpres.ro/english
Distributed by MCT Information Services