| 1920 |
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Rand Refinery is established
by the Transvaal Chamber of Mines to refine all gold mined in South
Africa. |
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| 1921 |
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December – Original refinery in Refinery Road, Germiston
opens. |
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| 1921 |
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Rand Refinery official stamp is
designed and used for the first time. The company’s unique serial numbering system comes into use. |
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| 1921 |
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Rand Refinery 400 troy ounce
bars accredited "Good Delivery" status with the London Bullion
Market Association (LBMA). |
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1921
– 1940 |
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Rand Refinery
produces large quantities of 10-ounce cast bars for issue under the name of
the Bank of India, and 10 tola bars under the name of the Bombay Mint. |
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| 1967 |
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Rand Refinery is made
responsible for the manufacture, order taking, payment and delivery of the
Krugerrand gold coin worldwide. |
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| 1974 |
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Rand Refinery 100 troy ounce
bars achieve "Good Delivery" status on the New York Mercantile
Exchange (Comex Division of NYMEX). |
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1980’s |
: |
Rand Refinery toll
manufactures cast bars in different weights for external entities. Cast bars
weighing 100g (1985), ten tola (1986), ten tael and five tael (1987), 100 ounces (1988) are issued. |
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| 1993 |
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After 73 years as an affiliated company to the Chamber
of Mines of South Africa, Rand Refinery becomes an entirely independent
company with its own board of directors appointed directly by its
shareholders. |
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| 1993 |
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Rand Refinery 1000g bars
achieve "Good Delivery" status on the Tokyo Commodity Exchange
(TOCOM). |
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| 1994 |
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Following South Africa’s first democratic elections,
the lifting of sanctions and re-admission to the global economy, Rand
Refinery enters global markets by processing newly mined gold ore and gold scrap from North, West and Central
Africa, Latin America and the Far East, amongst others. |
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| 1994 |
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Rand Refinery becomes a major
supplier of kilobars and ten tola bars to the international
market. |
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| 1997 |
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April: Rand Refinery achieves ISO 9002 certification. |
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| 1998 |
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Rand Refinery absorbs
International Gold Corporation (Intergold) – the marketing arm of the Chamber
of Mines of South Africa – as a wholly owned subsidiary. The company is now responsible for the
marketing of the Krugerrand gold coin. |
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| 1998 |
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The refinery establishes a new small bar production
facility and a new high security gold transit vault at OR Tambo
International Airport, thus leapfrogging the company from a pure refinery and
smelting company to a major supplier of value-added gold products. |
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| 1998 |
: |
Following further relaxation by the South African Reserve Bank
(SARB), which traditionally sold all South African gold with the exception of
the Krugerrand, Rand Refinery is now mandated as an agent of gold mining
companies in the sale of newly mined gold output. |
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| 1999 |
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The refinery commences the supply of semi manufactured gold
products to the jewellery manufacturing industry. |
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| 1999 |
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Rand Refinery begins production
of 10 gram; 50 gram and 100 gram minted gold bars. |
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| 2001 |
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April – Rand Refinery achieves ISO 14001 certification status and
commits to the implementation and maintenance of an environmental management
system which conforms to ISO 14001. |
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| 2000 |
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Launched a project to establish a Gold Zone, adjacent to the refinery. The Zone is designed to house large and small jewellery manufacturers. |
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| 2004 |
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The company was appointed the custodian of 400 oz bars that back NewGold Gold Bullion Debentures issued by Absa Bank. |
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| 2004 |
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Rand Refinery is accredited as an LBMA referee. This appointment as one of only five LBMA-approved Good Delivery referees consolidates Rand Refinery’s status as one of the world’s premier refiners of precious metals. As a referee, we are responsible for the pro-active monitoring of performance requirements in the weighing, melting, sampling and assaying of gold and/or silver on behalf of other Good Delivery refiners. |
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| 2005 |
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March - Rand Refinery became the world's first refinery to be
admitted to the Dubai Good Delivery List of approved refiners of GOLD
bars. |
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| 2006 |
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January - Rand Refinery was admitted to the Dubai Good Delivery
List of approved refiners of SILVER bars. |
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| 2007 |
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Rand Refinery celebrates the 40th anniversary of the Krugerrand. Some 46 million ounces of fine gold in newly minted Krugerrands, the world’s most widely-held and actively-traded bullion coin, have to date been sold worldwide. |
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