Rand Refinery, Africa’s leading London Bullion Market Association (LBMA) Good Delivery–accredited refiner, has entered a strategic partnership with Gold Coast Refinery (GCR).
The agreement will see Rand Refinery provide technical, operational and commercial supervision to GCR, enabling local refining of artisanal & small-scale (ASM) material and achieve internationally recognised assaying and refining standards.
GCR, established in 2016, is a gold refinery based in Accra, Ghana with a refining capacity in excess of 80 tonnes per annum and a potential to grow in the future.
GCR has signed an agreement with the Ghana Gold Board (GoldBod) to refine up to 1 000 kilogrammes of ASM gold ore per week, meeting responsibly mined and sourcing standards. The government-owned GoldBod is the sole entity authorised to buy, sell and export gold from small-scale miners in Ghana.
“The signing of the agreement is a momentous occasion, and Rand Refinery – being the leading LBMA Good Delivery–accredited refiner on the continent – stands ready to support the aspirations of the Ghana government for local refining, through our partnership with Gold Coast Refinery,” says Rand Refinery CEO, Dean Subramanian. “We are committed to work with GCR and GoldBod to implement the necessary framework to ensure the material sourced meets international responsible sourcing requirements.”
As a recognised LBMA-accredited refinery, Rand Refinery enforces strict, audited compliance to eliminate conflict gold, combat money laundering and ensure environmental, social & governance responsibility (ESG) throughout its supply chain. Rand Refinery prioritises sustainability through its “People, Planet, Product and Provenance” framework, aiming to ensure Africa’s gold benefits local communities while reducing environmental impact.
Through these strategic partnerships, Rand Refinery will further strengthen its footprint on the African continent, as the preferred refining partner – supporting and enabling local ASM refining while ensuring ethical sourcing and transparency. It is committed to supporting and developing Africa’s ASM sector as a key enabler of country economic growth.