News & Blog

Royal Mint to be privatised?

Posted on Wed, 22 April 2009 by Phil Mussell - General News, Coin News

The "inevitable" move of privatising the Royal Mint in Llantrisant took a step closer today with the publication of the final report of the Treasury's Operational efficiency Programme. Full details can be found here

The Royal Mint's Chief executive responded to the announcement with the following statement

“I warmly welcome the Government’s decision to vest the Royal Mint into a company structure. This change will allow the business to take advantage of wider commercial opportunities, including amongst other things, the possible introduction of private capital in the future. This decision recognises the success of the business. Our performance has improved significantly over the past few years as a result of an increasingly diversified and commercial strategy as well as enhanced productivity.

“We have a strong strategy, strong team and strong order book in place and I believe that vesting will facilitate further growth, and better secure the future sustainable success of the business for our staff and customers. It will allow us to pursue further commercial opportunities and expand more rapidly, taking advantage of the freedoms and flexibilities which come from a move to company status, thus confirming our position as a high-quality British manufacturer and the world’s leading exporting mint.”

Watch out in COIN NEWS for further developments...