In this list
Metals

Asahi to emerge as largest gold, silver refiner in US after Republic acquisition: company executive

Commodities | Energy | Metals | Petrochemicals | Shipping | Energy Transition

Environment and Sustainability

Metals | Steel

Platts Steel Raw Materials Monthly

Energy | Oil | Energy Transition

APPEC 2022

Energy | Coal | Metals | Electric Power | Natural Gas | Thermal Coal | Coking Coal | Steel Raw Materials | Steel | Electricity

Japan companies accelerate move to replace Russia coal with Australian supply, others

Energy | Energy Transition | Emissions | Metals | Steel | Steel Raw Materials

For steel sector, China’s decarbonization is a costly quest

Asahi to emerge as largest gold, silver refiner in US after Republic acquisition: company executive

Tokyo — Asahi Holdings, a Tokyo-based precious metal refiner, is expected to emerge as the largest gold and silver refinery in the US following its planned acquisition of Republic Metals, Kunihiko Chogo, company's general manager for corporate planning and communications told S&P Global Platts Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Asahi won the US court-supervised auction last week to acquire Miami-based Republic Metals and Republic Carbon for $25.5 million. The two firms filed Chapter 11 in November last year.

Republic Metals has a production capacity of 2,500 mt/year of silver and 350 mt/year of gold. Feedstock is mostly primary ore.

Asahi Holdings runs a gold and silver refinery in Utah, and another in Brampton, Canada. Outside of North America, it runs refineries in Japan, South Korea, Taiwan, Malaysia and China for recycling gold, silver, platinum, palladium, and indium from industrial scrap.

Chogo declined to elaborate on the production capacity of its two facilities in North America.

Republic Carbon treats sludge generated from mines.

The acquisition also allows Asahi to enter carbon treatment and mint coin fabrication businesses, complimenting Asahi's North American strategy to add value both in the downstream and upstream, Chogo said.

Following the February 1 auction of Republic Metals and Republic Carbon, a public hearing will be held at the US Bankruptcy Court on February 13, and the Asahi acquisition deal is expected to finalize by February 28.

Nonferrous Metals Ambassador

Platts metals market reports feature global news, analysis, daily pricing and commentaries for major nonferrous metals, ferroalloys and steel products. Click the link below for more information; fill out the contact form and a member of Platts staff will be in touch.

Contact Us

-- Mayumi Watanabe, mayumi.watanabe@spglobal.com

-- Edited by Ikhhlaq Singh Aujla, newsdesk@spglobal.com