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Dubai investor Selim Fendi is going ahead with plans to open Monaco’s first gold refinery in early 2017 to meet demand from jewellers anxious to ensure the raw materials they use are not from conflict zones.
Monaco adheres to the Organisation for Economic Cooperation and Development’s due diligence pointers for accountable sourcing of gold.
Aurum Monaco SAM, registered in the Principality in May 2016, will produce one metric tonne of gold each month in its first 12 months, with the capacity to boost that to three tonnes a month. Gold will be supplied by mines in Colombia, Peru, Chile and Ecuador that are exploited by Fendi’s Noble Precious Metal DMCC.
National Council President Stéphane Valeri has visited the Grimaldi Forum to thank the team behind the screening campaign, while also encouraging more people to take the Covid-19 antibody test.
Prince Albert has been tested at a Covid-19 screening centre in Monaco to raise awareness about the government’s campaign to have as many people of the Principality tested as possible.
Monaco’s primary students made their return to school on Monday, the final group to do so in the government’s three-phase plan to lift the lockdown.
The Principality ordered some 11.5 million masks at the height of the crisis. Now those masks are being safely stored by the government for a rainy day.