Daniele Provenzale is appointed the CEO of the new entity
Emirates Gold DMCC, the UAE’s pioneer in precious metals refining, recently announced that Rockfire Resources, the gold, base metal and critical mineral exploration company is executing a conditional share purchase agreement with Paloma Precious DMCC for the acquisition of its entire refining and minting franchise.
The acquisition and the ensuing integration are expected to cover all aspects related to Emirates Gold’s operations, ranging from sourcing, refining, minting, product distribution and market presence.
With this acquisition, Emirates Gold is poised to undergo a comprehensive refresh of its strategic direction, with a deep commitment to leveraging pioneering technologies in minting, silver electro refining, establishing a global reach for products, diversifying product lines and adhering to the highest industry compliance standards.
Simultaneously with this announcement, Emirates Gold introduces a key management change, prominently featuring the appointment of Daniele Provenzale as CEO.
“Our vision is to elevate Emirates Gold to a symbol of trust and integrity within the global precious metals refining and minting industry. A major step in this strategy has been to integrate with a company listed on the globally respected London Stock Exchange (LSE), providing a high degree of governance and reliability,” asserted the newly appointed Daniele Provenzale, CEO, Emirates Gold.
Emirates Gold, with a legacy spanning over 30 years in Dubai, stands as one of the most influential gold refineries in the GCC region. The company, a pioneer in the gold industry, is known for its solid reputation, finest quality products, superior client service, great market acceptance and effective management, a press communique concluded.
