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Thursday, April 18, 2024

Emirates Gold acquired by Rockfire Resources plc

Emirates Gold DMCC, a leading UAE precious metals refining company, has announced its acquisition by Rockfire Resources plc. This acquisition encompasses all aspects of Emirates Gold’s operations, from sourcing and refining to minting, distribution, and market presence.

In addition to the acquisition, Emirates Gold is undergoing a strategic overhaul, focusing on innovative minting technologies, expanding its global product reach, diversifying its product lines, and adhering to industry compliance standards. As part of this transformation, Daniele Provenzale has been appointed as the new CEO, bringing extensive experience to lead the company towards its ambitious goals.

Provenzale stated, “Our vision is to establish Emirates Gold as a symbol of trust and integrity in the global precious metals refining and minting industry. This acquisition by Rockfire is a strategic milestone in our journey, emphasizing our commitment to reshaping the precious metals sector with innovation and sustainability.”

Emirates Gold, with over 30 years of legacy in Dubai, is a prominent gold refinery in the GCC region. The acquisition by Rockfire Resources plc aligns with their growth strategy and is seen as a potentially transformative move that will enhance value for shareholders and accelerate the company’s growth trajectory.

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