The new refinery will cost $60 million; will cover an area of about 15,000 m² ; will have capacity to produce up to 1,400 mt/y of gold and 600 mt/y of silver and other pre-cious metals; and will include a mint depart-ment to produce gold ingots and coins.

The new plant will triple the size of Kaloti’s current refinery capacity and will employ the latest gold electrolysis technolo-gy from Italy and Switzerland, as well as the aqua regia process for gold refining. It will have two assaying laboratories for fire and ICP (inductively coupled plasma) assaying.

Kaloti Group Chairman Munir Kaloti said, “This represents a major investment in expanding and upgrading our refining facili-ties. This will be a state-of-the-art refinery to rival the best in the world.”