The Rand Refinery has been the world's largest precious metals refinery for just over 100 years. It products the majority of the 400 oz London Good Delivery bars traded by the LBMA. The Refinery is located about 10 miles outside Johannesburg. The Mint refines gold, silver, and platinum.
Cast Gold Bars from the Rand Refinery
The cast gold bar series from the Rand Refinery includes the following weights:
The Tola is an Indian unit of measurement, and the Tael is used in Chinese and Hong Kong. Since its inception, the Rand Refinery has refined more than 50,000 tonnes of gold (almost 30% of the gold that has been refined in the last 100 years), however, the bulk of this was manufactured into 400 Ounce Good Delivery bars to be used by the LBMA.
They are also the largest manufacturer of gold bars held in the Bank of England vaults for various governments and bodies, including the International Monetary Fund (IMF). The bars have been marked good delivery for 100 years.
A History of the Rand Refinery
The Rand Refinery was founded in 1920 and became completely self-sufficient in 1993, with its Board of Directors nominated directly by its shareholders.
Gold refining and bar manufacturing have been carried out on the same location in Germiston since 1921 when the initial refinery opened.
In 2008, a project was launched to deploy robots to assist in the manufacturing of 1 Kilogram and 100 Gram gold bars. This allowed the refinery to increase its production, as the robots are run 24/7.
In 2011, Rand Refinery Asia (Pte) Limited was founded in Singapore to act as a trade office.
Investment Gold from the Rand Refinery
The Rand Refinery is responsible for the manufacture and production of all the blanks used to make gold Krugerrands, which are the most circulated 1 Ounce gold coin worldwide. Since the coin was released in 1967, more than 56 million Krugerrands have been minted.
Apart from gold, the firm refines silver and recovers platinum group metals throughout the process.
Rand Refinery Investment Gold Bars
In 2012 the Rand Refinery launched a range of gold bullion bars for retail investors. These bars have become known as the 'Loxodonta Africa' bars. The bars are available in five sizes: 100 gram, 50 gram, 20 gram, 10 gram, and 1 ounce.
The launch of a line of gold bars from the Rand Refinery follows on from the hugely popular gold Krugerrand coin that they manufacture and sell. The bars have quickly gained popularity, as the Rand Refinery is well known worldwide, and the bars are very competitively priced.
Each bar features the Rand Refinery logo at the top, with the bar's weight, purity, size, and serial number at the bottom. The reverse side of each bar features a repeating pattern of a family of Elephants. Rand Refinery gold bars are available for worldwide delivery or VAT-free secure storage.