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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.
Nice airport’s traffic fell an astounding 68.4% in 2020. Though alarming, the slow year did allow authorities to rebuild and renovate, getting a jump on creating “the airport of tomorrow”.
The European Union is about to roll out its biggest stimulus package ever seen as focus turns from Covid testing and vaccination to economic recovery.
Monaco’s Covid fatality rate continues to rise sharply, with the death of an 88-year-old woman on Thursday.
The government has warned of sound disturbances at night for the next fortnight as new worksite containers are transported to the Testimonio II construction site.