Rand Refinery
Also: Rand Refinery (Pty) Ltd, Rand Gold Refinery
Rand Refinery is the largest integrated gold refinery in the world and the maker of the Krugerrand, the best-known gold investment coin on earth.
Rand Refinery (full name: Rand Refinery (Pty) Ltd) was founded in 1920 in Germiston, east of Johannesburg, and remains to this day the largest integrated gold refinery in the world. It processes raw gold from South African mines, refines it to fine gold and strikes bars from it, as well as the world-famous Krugerrand coins.
History and significance
South Africa was for decades the world's largest gold producer. Rand Refinery was established as a central smelting and refining works to process the gold deposits of the Witwatersrand Basin efficiently. Since 1967 it has struck the Krugerrand - the first modern gold investment coin in the world - in its own minting facilities. The Krugerrand, with its characteristic fineness of 916.7 ‰ (22 carat, alloyed with copper), was for decades the most traded bullion coin worldwide and remains a benchmark in the investment gold segment.
LBMA Good Delivery
Rand Refinery is listed on the LBMA Good Delivery List for gold and silver. This internationally recognised certification confirms that its bars meet the strict requirements of the London Bullion Market Association: correct dimensions and weights, precisely stamped fineness values and seamless traceability. Rand Refinery's Good Delivery bars are accepted worldwide on exchanges and in OTC trading. The price page provides an overview of the current gold price.
Product range
| Product | Fineness | Note |
|---|---|---|
| Krugerrand 1 oz | 916.7 ‰ (22 carat) | Cu alloy, since 1967 |
| Fine gold bar | min. 999.5 ‰ | LBMA Good Delivery |
| Silver bar | 999 ‰ | Good Delivery |
| Dore bar (intermediate product) | variable | From mine supply |
The authenticity of Krugerrand coins can be checked on the basis of weight and diameter - the coin weight checker and the coin authenticity check help with this.
Sustainability and responsible sourcing
Since the 2010s, Rand Refinery has actively pursued responsible sourcing programmes. It is a member of the Responsible Minerals Initiative and relies on traceability of gold origin in order to exclude conflict gold. The gold calculator helps to calculate the current material value of Krugerrand coins and bars.
In brief
Rand Refinery is one of the most renowned refineries worldwide - its LBMA Good Delivery status and its production of the Krugerrand make its products a liquid and internationally recognised form of physical investment gold. No tax or investment advice.