Responsible Gold

Rand Refinery is committed to internationally accepted responsible sourcing practices and as such is in conformance with the LBMA Responsible Gold & Silver Guidance and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High Risk Areas.

Not only do we ensure we meet the strictest standards we set for ourselves, our certified gold & silver chain-of-custody is independently audited to heed to the requirements set by independent bodies and recently enacted legislation:

Having co-operated and continuing to do so, Rand Refinery works very closely with many of these entities to ensure that our processes and systems are set up with continuous improvement. Doing so will ensure that ongoing certification is achieved.

Responsible Gold Policy Report
LBMA Compliance Report

Rand Refinery is a key participant in forums regarding the best practice in sourcing and in bound supply chain. Rand Refinery attends:

  • Forums on Responsible Minerals Supply Chains
  • World Bank – OECD Roundtable on establishing a global platform on artisanal and small-scale mining
+ Responsible gold and silver policy statement

Responsible gold and silver policy statement

Rand Refinery is opposed to activities which, directly or indirectly, finance or benefit armed conflict and the extreme levels of violence which contribute to abuses of human rights. Rand Refinery is also committed to sourcing mined gold from operations which conform to internationally-accepted environmental practices.

Consequently, Rand Refinery commits to refraining from knowingly sourcing gold and silver bearing material from regions and operations which contribute to the financing of conflict or the degradation of the environment and further commits itself to comply with the relevant United Nations sanctions, recommendations and protocols from other appropriate supra-national bodies, in this regard.

In the event that gold and silver bearing material is sourced from conflict-affected and high risk areas, Rand Refinery will neither tolerate nor by any means profit from, contribute to, assist with or facilitate the commission by any party of any forms of inhuman treatment, any form of forced labour, use of child labour, gross human rights violations, war crimes or other crimes against humanity.

Rand Refinery will not tolerate any direct or indirect support to non-state armed groups through the extraction, transport, trade, logistical assistance, handling or export of gold and silver bearing material by such groups or their affiliates. Rand Refinery will apply a robust Know Your Customer (KYC) policy in order to identify upstream suppliers where dealings with such suppliers would be in contravention of this policy, would represent money laundering or other related criminal activity. Rand Refinery will not engage with suppliers identified in this way and will not accept refining or smelting deposits from such suppliers.

Certified Gold
Certified Gold adheres to the Responsible Gold policy and guarantees that all gold was mined in an eco-friendly manner and not recycled from scrap or other secondary, untraceable sources. It ensures that the chain of custody though refining can be traced back to its origin.

RandPure
We can provide full chain of custody from deposit to product where required by customers.

Investment Gold

Krugerrands

Locally respected and internationally acclaimed, the Krugerrand is the most widely held and actively traded bullion coin in the world with over 60 million ounces sold over the last 50 years. A brainchild of the Chamber of Mines in South African in 1967 and produced by Rand Refinery and the SA Mint, the Krugerrand tells a powerful story of resilience over time and promises investors an attractive return.

Krugerrand website

Why consider investing in Krugerrand?

Why consider investing in Krugerrand? The Krugerrand is made from 22 carat gold, 9167 of pure gold and 833 parts copper. The alloy with copper ensures that the coins are not easily scratched or defaced, thereby protecting their value and tradability. The Krugerrand is the only legal tender bullion coin with its face value denominated in ounces of pure gold, therefore it is guaranteed that the South African Reserve Bank will purchase any tendered Krugerrand at the ruling price of gold on the day.

In 2018, the silver bullion coin was launched. This coin is produced in unlimited mintage where the quantity struck is dependent on the market’s demands. The daily mintage relies on the daily price of silver. 1 ounce, ½ ounce, ¼ ounce and 1/10 ounce of pure gold available from:

Krugerrand Dealers: International
Krugerrand Dealers: Local
Coin and Minted Bar Dealers: Local
Coin and Minted Bar Dealers: International

Minted Bars

We have refined our brand, purifying it to create a new identity while being instantly recognisable as a symbol of quality, simplicity and integrity.

Rand Refinery acts as agent for selected gold producers in the refining, marketing and sale of their gold production. In so doing, we have liaison arrangements with Members of the LBMA in London for the sale and distribution of gold refined by Rand Refinery into Value Added Products.

With a recent change in legislation, South Africans are now able to invest in minted bars. Minted bars are however only available in 10g, 50g and 100g gold and 1oz silver to the South African market :

Fineness – 999.9
Dimensions (mm) – 19 X 11.4 X 0.49

Fineness – 999.9
Dimensions (mm) – 22.3 X 14 X 0.81

Fineness – 999.9
Dimensions (mm) – 25.74 X 15.73 X 1.95

Fineness – 999.9
Dimensions (mm) – 31 X 18.6 X 1.84

Fineness – 999.9
Dimensions (mm) – 41 X 24.6 X 1.64

Fineness – 999.9
Dimensions (mm) – 44.50 X 25.95 X 2.80

Fineness – 999.9
Dimensions (mm) – 47.73 X 27.78 X 4.60

Good Delivery
Silver Bars

Like their cousins, Good Delivery Gold Bars, Good Delivery Silver Bars are the internationally accepted trading standard used by silver dealers, traders and bullion banks around the world to trade and deal in silver. Rand Refinery’s 1 000 troy ounce silver bars have had good delivery status on the London Metal Exchange since inception of silver accreditation.

Fineness – > 999.0
Serial  Numbers – As per London Metal Exchange specifications

Cast Bars

Good Delivery Gold Bars are the internationally accepted trading standard used by gold dealers, traders and bullion banks around the world to trade and deal in gold.

History and Accreditation

As an LBMA accredited London Good Delivery supplier, Rand Refinery has produced 400 troy ounce bars (also known as LGD bars), since inception.
The refinery’s 100 troy ounce cast bars also have good delivery status on the New York Mercantile Exchange (Comex Division) since 1974 and the 1000 gram bars on the Tokyo Commodity Exchange (Tocom) since 1993.

View List

Available from

Fineness – min 995
Serial  Numbers – As Required

Fineness – min 995 or 999.9
Serial  Numbers – 2 Letters, 4 Numbers

Fineness – min 995 or 999.9
Serial  Numbers – 2 Letters, 4 Numbers

Fineness – 999.0
Serial  Numbers – none

Bars Weighing One Kilogram and Less

The company also manufactures and markets other standard cast gold bars with the official stamp of Rand Refinery, namely the 1000 gram bars. The weight specifications for the different markets are as follows:
  • India – 1000gm bars of 99,50 purity, 100gm bars of 99.90 purity
  • Turkey – 1000gm bars of 99.90 purity
  • Italy – 1000gm bars of 99,99 purity
  • Middle East – 1000gm bars of 99,50 purity
  • Far East – 999.9 kilo bars
Since 1994, Rand Refinery has become a major supplier of kilobars into the world markets in direct response to changing demand patterns.

Coin Blanks

Refined gold, cast into strips, is rolled and punched into coin blanks which are individually weighed to ensure that each blank contains the amount of gold requested and checked to ascertain that it conforms to the size i.e. diameter and thickness ordered. Orders for coin blanks usually come from mints around the world. The South African Mint is also a customer of Rand Refinery – see The South African Mint.

Coin blanks can be supplied in a certified alloy range of 9ct, 14ct, 18ct, 22ct and 24ct (9999’s) as well as 999 purity silver.

All coin blanks are produced from responsible gold.
Other diameters can be quoted for on request.

Coins and Medallions

Rand Refinery produces a range of coins and medallions for private investors to purchase via coin dealers. Coins in which contain a minimum of 99.5% fine gold are appropriate for private investors wishing to buy small amounts of pure gold. In many countries, including all member states of the European Union, gold purchased for investment purposes is exempt from VAT.

Rand Refinery produces a range of gold and silver semi-fabricated products in the form of wire and granules. The company – through its state of the art laboratory – also provides metallurgical advice and analytical services to the jewellery industry.

Rand Refinery produces gold carat alloys in grain form and sterling silver for the jewellery manufacturing industry.  These granules are much easier to work with as they are easier to melt and can also be sold in varying smaller quantities as required by the fabricators.

All gold semi-finished product is produced from responsible gold.

Semi-Finished Metal Product

Custom Product Development

Rand Refinery has both the expertise and leading-edge technology to be able to offer customised product development for a range of our customers.

Our Accreditation : We are accredited by various metal exchanges across the globe and are one of only five international LBMA referees, the only one of its kind in the Southern Hemisphere. We have also been appointed by the World Gold Council to the Responsible Gold Standards Committee. Our high standing in the global gold market makes Rand Refinery a trusted partner in the design, development and supply of gold and silver products. The Custom Services We Offer to Our Clients:
  • Central Banks: We recast old gold bars according to updated specifications from the LBMA.
  • Major Bullion Banks: We produce cast bars of various dimensions and purity according to customer specifications.
  • Commercial Banks: Minted bars of various dimensions and purity are produced, tailored to the customer’s requirements.
  • National mints: We produce coin blanks of various sizes and purity according to specification.
  • Metal laboratories: Our proof gold wire is used in many laboratories as the benchmark for purity when testing the quality of assays.

If your requirements are similar to any of the above, please contact us and we can discuss how best to meet your requirements.