Yet, the majority of countries around the world send their precious metals to Switzerland to refine. The European Gold Refineries SA bought 100% of the gold refineries for around $400 million. Finally, Credit Suisse acquired the remaining 20% in 1980 and was granted full power over the facility. Then, Credit Suisse bought 50% of the Mint. The name of the Mint changed to Valcambi on June 30th in 1967. Five Swiss entrepreneurs from Mendrisio founded the Mint. Valcambi Mint was founded on May 15th, 1961. Other services the company include assaying precious metals, transportation, and storage. The Mint is among the largest refineries globally and produces more bullion bars and coins than other refineries. The Mint refines gold, silver, and palladium bullion coins and bars. Rajesh Exports controls the Valcambi Suisse Mint 100%. (95%) and Rajesh Export Limited India (5%). The latter is controlled by REL Singapore Pte. The Mint is owned by European Gold Refineries, a Global Gold Refineries AG affiliate. Valcambi Suisse Mint is a precious refinery company located within Balerna, Switzerland, managed by Rajesh Exports Limited.
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