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VerifiedMining· Founded 1536

Standard Gold

Standard Gold” was founded by the “Pereira Coutinho” (Governor of the State of Bahia) and “Sousa Pereira (Pimenta de Castro)” (Marquis of Minas and Governor of Brazil). Their descendants started the company’s main pillars with the help of several agreements established between Portugal and England from the century on, namely the Anglo-Portuguese Peace and Commercial Treaty of 1642, the Treaty of Westminster and Alliance of 1654, the Treaty of the Hague 1661, and the Methuen Treaty of 1703. All this led England to concentrate the mineral reserves that helped to create the traditional English banking system, being the main financial center of Europe. A factor that turned possible the financing and structuring of the English Industrial Revolution, on a multilateral dimension. Between the South American golden period of the century, also Africa and especially the Portuguese colonies were a key region for the trading of gold. Nowadays, it is currently owned by Rockefeller Holdings, an association formed in 1875 by John Davison Rockefeller (Founder of Standard Oil Co. Inc.) and the Brochado and Pereira Coutinho families, who formed the so-called “The Golden Triangle”. The current CEO is Francisco J Pimenta de Castro (descendant of the Co-founder, Marquis of Minas and Governor of Brazil) and the current COO is António D S Brochado Pereira Coutinho (descendant of the Co-founders Brochado and Pereira Coutinho, where they also helped to create the current banking system in Portugal). Until today, the founding families have maintained and kept the traditon, being conservative and operating off-market. Nonetheless, from the XXI century on, they started with their in-market models, contributing to the dignification and dissemination of this precious commodity, which represents the foundation of the World economy.

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