Services

Sourcing

Operating since 1920, Rand Refinery has refined more than one third of the worlds mined gold. Today, Rand Refinery has become the refining hub of Africa. Our refinery is located close to OR Tambo airport, in Germiston, South Africa. We are the only LBMA accredited refinery in Africa who is also accredited with COMEX, TOCOM and SGE. This means that gold fabricated by Rand Refinery can be used for delivery to these exchanges.

Rand Refinery is one of five LBMA referees, meaning that its laboratory is considered adequate to adjudicate disputes on metal content between LBMA members. We have been sourcing gold from other countries since 1998, and our logistics procedures and processes have proven to be effective in ensuring fast and secure transport of material to our refinery and smelter. Responsible sourcing practices are a key part of our corporate culture and we comply with the requirements of LBMA responsible gold and silver guidelines and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. No gold can be accepted by Rand Refinery until we are satisfied that it is responsibly procured or produced. 

We have a proud history of sourcing gold from South Africa and other Countries. While our African footprint is comprehensive, our networks allow us global reach, and we source material from as far afield as the Americas and East Asia.

Refining

The refinery provides a refining service and employs the widely used Miller Chlorination Process to upgrade the gold bullion. Subsequent to the Miller refining process, gold electrolysis is employed to produce 99.99% pure gold for the production of gold bars, granules and coins.

Rand Refinery has implemented new state of the art silver refining technology to produce crystals for subsequent silver granule and good delivery bar production. The newly installed silver technology successfully increased the silver refining capacity to 60 ton per year. The 60 tpa (ton per annum) Silver refining facility was introduced 2016 for refining of smelter doré and Miller silver chloride to produce 80 tpa of 99.99% silver crystals.

Rand Refinery has successfully implemented the Wet Chemical Refining Plant. The Wet Chemical Refining Plant was introduced in 2015 and provides an effective gold electrolyte solution treatment route, producing 99.9% gold precipitate and Platinum Group Metals (PGMs) in concentrate. The refinery continually investigates refining technology developments that could make its operations more efficient and cost effective.

Smelting

The Rand Refinery smelting complex has the ability to process a multi-range of low-grade precious-bearing waste materials, including by-products from the mining industry, electronic waste, carbon fines and sludge. We are able to cater for customers worldwide and currently source materials from Africa, North and Central America, Australia and the Far East.

A base metal treatment plant enables the smelter to process copper-gold bearing materials and includes a facility to produce a barren lead product. The smelter is also certified by South Africa’s National Nuclear Regulator to accept and treat materials with low radioactive levels.

Fabrication

Fabrication adds value to the gold leaving the site.

Our semi-finished products include granules, gold curated alloys, wire, coin blanks, and minted bars.

Rand Refinery produces cast bars of 100g, 1kg, and 12.5 kg. Krugerrand blanks are manufactured at Rand Refinery and then minted by the SA Mint . They are then distributed by Rand Refinery to a network of coin dealers.

For further details on the products fabricated by Rand Refinery, see the Products section in the menu.

Value-Added Products

We are focused on continually refining our fabrication process, turning our internationally demanded refined gold and silver into innovative value-added products that represent pure refinement. 

400 troy ounce(LBMA)
100 troy ounce(Comex)
Kilobars
100 gram

400 troy ounce(LBMA)
Kilobars
100 gram

100 gram
50 gram
20 gram
10 gram
8 gram
5 gram
2.5 gram

1 oz Krugerrand
1/2 oz Krugerrand
1/4 oz Krugerrand
1/10 oz Krugerrand
1 oz Krugerrand Coin blanks
Minted coins
Medalloins

1 oz Krugerrand
1/2 oz Krugerrand
1/4 oz Krugerrand
1/10 oz Krugerrand
1 oz Krugerrand Coin blanks
Minted coins
Medalloins

Technical Services

Critical to Rand Refinery’s smelting and refining activities, is prompt and accurate sampling and analysis of the deposits that the company receives. Our technical services ensure that the products supplied to the London market comply to the London Bullion Market Association (LBMA) requirements. Our technical service unit is one of the five LBMA-approved London Good Delivery referees, and is the only one in the southern hemisphere. We’re also accredited to supply London Good Delivery silver bars to the London Metal Exchange (LME), Comex Bars to the New York Mercantile Exchange (COMEX Division), our one kilogram bars to the Tokyo Commodity Exchange (TOCOM).

In addition to that, we have a ISO 9001 quality certification. This unit consists of traditional Fire Assay and Wet Chemical sections combined with modern Spectroscopic techniques.

The technical services department is responsible for the analysis of all material that enters and leaves the Smelter and Refinery, as well as process control analysis. Our fire assay process evaluates a deposit on arrival and departure. All deposits are policed at every stage of Rand Refinery’s operations. Our staff ensures a same day valuation for depositors.

We have an accredited laboratory that can analyse for both gold and silver in accordance to the best standards.  We can produce reference materials that can be used for instrument calibrations etc.  We can also analyse for high grade and low-grade precious bearing material and chemical composition of such materials and we can conduct investigations for precious metals

We generate specialized products that will be needed for the nano-particle technologies. We also offer proper sampling and evaluation of customer materials by using the Theory of Sampling.

Technical Services

Critical to Rand Refinery’s smelting and refining activities, is prompt and accurate sampling and analysis of the deposits that the company receives. Our technical services ensure that the products supplied to the London market comply to the London Bullion Market Association (LBMA) requirements. Our technical service unit is one of the five LBMA-approved London Good Delivery referees, and is the only one in the southern hemisphere. We’re also accredited to supply London Good Delivery silver bars to the London Metal Exchange (LME), Comex Bars to the New York Mercantile Exchange (COMEX Division), our one kilogram bars to the Tokyo Commodity Exchange (TOCOM).

In addition to that, we have a ISO 9001 quality certification. This unit consists of traditional Fire Assay and Wet Chemical sections combined with modern Spectroscopic techniques.

 The technical services department is responsible for the analysis of all material that enters and leaves the Smelter and Refinery, as well as process control analysis. Our fire assay process evaluates a deposit on arrival and departure. All deposits are policed at every stage of Rand Refinery’s operations. Our staff ensures a same day valuation for depositors.

We have an accredited laboratory that can analyse for both gold and silver in accordance to the best standards.  We can produce reference materials that can be used for instrument calibrations etc.  We can also analyse for high grade and low-grade precious bearing material and chemical composition of such materials.

From the technical side, we can conduct investigations for precious metals and generate specialized products that will be needed for the nano-particle technologies. We also offer proper sampling and evaluation of customer materials by using the Theory of Sampling.

Vault and Logistics

Rand Refinery operates a highly secure, and low profile vault on the airside at OR Tambo International Airport with direct access to the vault from venues worldwide. Rand Refinery has direct road and air access for the local and international markets in neighboring countries. This high tech, high security facility is a one stop shop service provider to importers and exporters of precious metals, jewellery and precious stones offering services including:

    • Freight forwarding and customs clearing
    • Armoured vehicle and helicopter transportation of cargo on the airside and landside
    • Secure helicopter and fixed wing landing facility
    • 24/7 surveillance and monitoring of cargo
    • Professional and highly trained skilled staff
    • An accredited security service provider to assist in the escorting and monitoring of cargo on the airside.