Located in South Africa, the Rand Refinery is the largest facility in the world that refines and smelts precious metals. Established in 1920, the Rand Refinery privately mints gold and silver coins and bars, as well as producing official South African government bullion coins.
The gold needs to be refined before sale, and in South Africa, this is done by Rand Refinery. Rand Refinery then markets and sells the gold to the London Bullion Market Association in London which in turn has members who sell physical gold to the public.
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Buy Rand Refinery Certified Gold - minted bars In 1999, Rand Refinery began producing 10gm, 50gm and 100gm minted bars for the export market. Rand Refinery acts as agent for selected gold producers in the refining, marketing and sale of their gold production.
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Gold mining companies in Africa, when we speak of larger companies with 50–100 people employed, and good organization, they sell their gold to best refineries in the world, to the dealers and to the clients who have signed up contracts of pre-financing or forward gold production.
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Rand Refinery has also increasingly had to cast its new wider for sourcing gold to process in its refinery as South African gold mining output has declined. Rand Refinery now refines over 75% of the gold mined on the African continent (excluding South Africa), and is also increasingly tapping into gold mining output from the US and Asia.
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Refining of Gold at the Rand Refinery K.G. Fisher 10.1 Introduction Since 1921, all gold produced in South Africa has been refined at the Rand Refinery (Adamson, 1972). To give the reader a complete picture of gold refining in South Africa, the historical development and all operations of
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