Page 15 - Bullion World Volume 4 Issue 1 January 2024

Bullion World | Volume 4 | Issue 1 | January 2024

robust mine-to-market value chain on the continent. This It is in line with Rand Refinery’s own purpose to build
is evident in the number of geographically spread mines communities and advance humanity. The legacy of Rand
we source from that trust us with gold doré and whose Refinery resides in our commitment to reshape the value
host country’s economies directly benefit from the mined we bring to people, product, and the planet, and we are
gold. These mines are significant social and community extremely pleased to be able to strengthen this further
development role players on the continent. Our tradition with RandPure® certification.
continues with greater than 98% of our feedstock
emanating from large and medium scale mines on the While Rand Refinery’s systems can track the provenance
African continent. of all products produced, in this case, we have the
capability to issue RandPure® certificates of origin
The gold comes from responsible producers who have that discloses the makeup of each RandPure® product
implemented Environmental, Social and Governance dispatched from our refinery and the period in which the
(ESG) targets and sustainability principles. Not only gold was mined, and the product produced.
do we ensure we meet the strictest standards we set We are proud to add Malabar Gold & Diamonds, the
for ourselves, but our Certified Gold’s entire chain 6th largest jewellery retailer globally with over 335
of custody is independently audited to heed the showrooms across 13 countries, to our growing list of
requirements set by independent bodies and recently clients who have invested faith in the RandPure® mark.
enacted legislation.
In 2017, we became a signatory to the Global Precious
As a further measure of our commitment to sourcing and Metals Code v.1, and we also signed the updated
producing ethically, we’ve developed the RandPure® Global Precious Metals Code v.2 in 2023, which sets
mark. An iconic symbol of our pursuit of pure refinement, out the standards and best practices expected from
it guarantees the provenance, fineness, and exceptional market participants in the global over-the-counter (OTC)
quality of the precious metal it endorses. RandPure® wholesale precious metals market. We produce products
gold is unquestionable mined gold of origin and is that are tradeable on the OTC market. The new edition
currently made up of a blend of gold from single-point of the code invites all stakeholders to develop ESG plans
source South African mines owned by the internationally and to commit to conducting business in an ethical
listed mining shareholders of Rand Refinery. manner.

The fact that these mines are advancing the Any refinery must have a detailed understanding of
development of communities and driving a wider the mines or origins of sources that make up its supply
positive social impact through their operations is critical. chain and have the fingerprint of its individual deposits.

15