LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday.
FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer Valcambi SA in the southern Swiss town of Balerna December 20, 2012. REUTERS/Michael Buholzer
The two companies will go head to head in an auction in a New York bankruptcy court on Thursday, the sources said.
Court documents confirmed that the auction was scheduled for Thursday. Valcambi and Asahi did not comment. RMC and its lawyers did not respond to requests for comment.
RMC is one North Americas …
Read the full article at: https://www.reuters.com/article/us-gold-m-a-rmc-valcambi/gold-refiners-valcambi-and-asahi-make-separate-bids-for-bankrupt-u-s-rival-sources-idUSKCN1PO2J1