Page 14 - Bullion World Volume 4 Issue 1 January 2024

Bullion World | Volume 4 | Issue 1 | January 2024

RandPure®:

The Gold Standard of Integrity

Mr Praveen Baijnath, CEO, Rand Refinery

The mining of gold, throughout history,
has been fuelled by an intrinsic
human ambition to uncover wealth
and prosperity. Its allure has spurred
civilisations to delve into the depths
of the earth, navigating treacherous
terrains and facing formidable
challenges. Yet, woven into the fabric
of this coveted metal's narrative
are pockets of ethical oversight,
environmental degradation, and the
funding of conflicts. Behind the glitter
lies a partial shadow, as illegal and
unethical practices tarnish its path
from legitimate mine to market.

Highlighting these challenges is not an attempt to
devalue gold but rather an acknowledgment that its value
should reflect the ethical standards upheld during the
mining process. Shining a light on these realities allows
us to collaboratively strive to transform the industry,
fostering alignment with principles of sustainability,
ethical responsibility, and transparency.

The mining industry serves as the foundational source
of gold. Its responsible practices lay the groundwork for
the entire supply chain. Amongst others, the selection
of mining sites, adherence to environmental regulations,
development of communities and commitment to fair Mr Praveen Baijnath
labour practices all impact the integrity of the gold that
enters the value chain. As an accredited LBMA Good Delivery refiner, the rigour

of production standards at Rand Refinery is matched
Less than 100 of the over 2000 precious metals by the stringency of our sourcing protocols, which are
refineries in the world, transform the doré into gold that implemented at every level of the operation.
meets international OECD / LBMA standards. Our role in
ensuring the traceability and transparency of the gold we We are committed to, and contribute towards, setting
handle is pivotal and anchored in our history. By rejecting internationally accepted responsible sourcing practices
gold from questionable sources and enforcing strict and meet and exceed the LBMA Responsible Gold &
due diligence, we prevent tainted gold from entering Silver Guidance and the OECD Due Diligence Guidance
legitimate markets. for Responsible Supply Chains of Minerals. Throughout
our 103-year history, we have contributed to building a

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