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Rand Refinery
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Rand Refinery, Africa's largest refiner, partnered with Ghana's Gold Coast Refinery in January to support responsible local refining of artisanal and small-scale gold, a move the London Bullion Market Association hopes is the first of many across Africa. The partnership has gained urgency as flight disruptions to Dubai, which normally refines about 80% of Ghana's artisanal gold output, have forced Ghana's state exporter GoldBod to draft contingency routes to alternative hubs including Shanghai and India.
Bursary programme expands to 94 students, R17-million investedRand Refinery has expanded its bursary scheme from ten awards in 2023 to 94 this year, including settling historical debt for 32 tertiary students, with total investment reaching R17-million across 189 bursaries. The refinery also delivered 1 200 educational resource packs valued at R788 532 to schools in six provinces and donated science, technology, engineering and mathematics libraries worth R463 671 to secondary schools.
LBMA calls for transparent sourcing as gold reaches record highsLondon Bullion Market Association chief executive Ruth Crowell says transparent responsible sourcing is mandatory as gold prices reach historic highs and illicit flows intensify. Rand Refinery leads in adopting the gold bar integrity database that traces every ounce from rock to bar and enforces strict audited compliance to eliminate conflict gold and combat money laundering.
Rand Refinery Updates
Ghana's State-run artisanal gold exporter is preparing to shift cargoes to alternative refining hubs if flight disruptions to the United Arab Emirates persist, two sources with knowledge of the...
Precious metals refiner Rand Refinery has expanded its bursary programme and socioeconomic initiatives. Since its inception in 2023, the Rand Refinery Bursary Scheme has grown, with the number of...
As gold prices reach historic highs and the geopolitical race for minerals escalates, the pressures on value chains are intensifying – and so too are the risks, London Bullion Market Association...
I hope it's the first of many, says London Bullion Market Association (LBMA) CEO Ruth Crowell of the strategic gold partnership that South Africa’s Rand Refinery has entered into with Ghana’s Gold...
I hope it's the first of many, says London Bullion Market Association (LBMA) CEO Ruth Crowell of the strategic gold partnership that South Africa’s Rand Refinery has entered into with Ghana’s Gold...
In a major advance that enables local refining of artisanal and small-scale (ASM) gold and elevates West Africa's responsible sourcing standards to a new high, South Africa’s Rand Refinery, as...
Martin Creamer talks about refinery partnerships, pivotal hydrogen moment and Cullinan's blue diamond.
Mining Weekly Editor Martin Creamer unpacks the partnership between Rand Refinery and Ghana’s Gold Coast Refinery; Sasol and Valterra Platinum’s CEOs being part of one of the world’s biggest...
In a major advance that enables local refining of artisanal and small-scale (ASM) gold and elevates West Africa's responsible sourcing standards to a new high, South Africa’s Rand Refinery, as...
Rand Refinery, Africa’s only London Bullion Market Association (LBMA) accredited precious metals refinery and a global referee, has officially handed over the refurbished Mercy Haven shelter for...
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