Rand Refinery is located in South Africa and is one of the world’s largest and most famous gold refineries. The Refinery established in 1920, became an independent company officially in 1993. Gold refining and the manufacture of bars and precious metals products are undertaken in their premises in Germiston – from cast bars, minted coins and bars, coin blanks, medallions and Krugerrands. Their large gold bars (400 oz) are held by many central banks across the world.
Established by the Chamber of Mines of South Africa in 1920, Rand Refinery is the largest integrated single-site precious metals refining and smelting complex in the world.
Containing one troy ounce of pure gold the Krugerrand was the world’s first ounce denominated gold coin. There are now over 60 million Krugerrands in circulation.
Synonymous with integrity and quality, the Rand Refinery mark can be found on cast bars, minted bars and minted coins.
The Kruggerand is South Africa’s flagship gold bullion coin. They are produced in collaboration with the South African Mint. It is a 22-karat gold coin with a gold fineness of 0.9167 and with over 60 million in circulation, it’s one of Rand Refinery’s top investment products.
Since 1920, Rand Refinery have refined an estimated 50,000 tons of gold which is almost one third of all the gold that is mined worldwide. The Refinery has received global accreditation, certifications and well-deserved recognition as one of the world’s leading refiners.