Rand Refinery
Rand Refinery (Pty) Limited is the largest integrated single-site precious metals refining and smelting complex in the world.
It was established in 1920 in Germiston, South Africa, by the Chamber of Mines of South Africa to refine all the gold produced by South Africa's gold mines. Building of the facilities commenced in August 1920.[1] Since its inception it has refined nearly 50,000 tonnes of gold.[2] This represents some 30% of all the gold mined in the world since antiquity.
In recent years, Rand Refinery has evolved from a pure refiner of doré to a more rounded company with an emphasis on beneficiation. It facilitates a wide range of value-added products including:
- cast bars
- minted bars
- minted coins
- coin blanks and medallions
- semi-fabricated products for the jewellery manufacturing industry
By law the South African Mint Company is the only company allowed to manufacture South African legal tender coins such as the world famous Krugerrand. All the gold used to manufacture the coins is supplied by Rand Refinery, who has been appointed the sole supplier of bullion Krugerrands to primary distributors both locally and internationally.
In addition to its smelting and refining services Rand Refinery offers metallurgical, logistics and vault services. It acts as an agent for its precious metal depositing customers and its global markets business unit markets all the precious metal produced by the refinery.
References
- ↑ "The Design and Layout of the Rand Gold Refinery". The S.A. Mining and Engineering journal (Johannesburg). XXXIII (1608): 1557. 22 July 1922.
- ↑ Rand Refinery website
External links
Coordinates: 26°13′08″S 28°09′18″E / 26.21889°S 28.15500°E