Editor’s Note
This article details a new partnership between South Africa’s Rand Refinery and Ghana’s Gold Coast Refinery. The collaboration aims to support Ghana’s gold sector by refining local artisanal mining output and advancing responsible sourcing standards across West Africa.
The new partnership between Rand Refinery and Ghana’s Gold Coast Refinery (GCR) aims to provide a support structure to the Ghana Gold Board (GoldBod) to locally refine artisanal and small-scale mining (ASM) material, as well as improve responsible sourcing standards in West Africa.
Rand Refinery, Africa’s leading London Bullion Market Association (LBMA) Good Delivery accredited refiner, entered a strategic partnership with GCR earlier this month. The agreement will see Rand Refinery provide Technical, Operational and Commercial (TOC) supervision to GCR, enabling local refining of ASM material and achieving internationally recognized assaying and refining standards.
GCR, established in 2016, is a gold refinery based in Accra, Ghana, with a refining capacity of more than 80 tons per annum and the potential to grow in the future. GCR has signed an agreement with the Ghana Goldbod to refine up to 1,000kg of ASM gold ore per week, meeting responsibly mined and sourcing standards. The government-owned Ghana Gold Board (GoldBod) is the sole entity authorized to buy, sell and export gold from small-scale miners in Ghana.
As a recognized, LBMA-accredited refinery, Rand Refinery enforces strict, audited compliance to eliminate conflict gold, combat money laundering, and ensure environmental and social responsibility (ESG) throughout its supply chain. Rand Refinery prioritizes 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. The company is committed to supporting and developing Africa’s ASM sector as a key enabler of country economic growth.