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Rand Refinery (Pty) Limited is the world's largest integrated single-site precious metals refining and smelting complex. It was established in 1920 to refine gold within South Africa , which had previously been refined in London .
The Krugerrand (/ ˈ k r uː ɡ ə r æ n d /; [1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint.
In 1921, the world's largest gold refinery, the Rand Refinery, was established at Germiston. Seventy percent of the western world's gold passes through this refinery. Although gold mining gradually wound down in Germiston, to the point that by the end of the 20th century it was no longer a mining centre, the Rand Refinery remains as busy as ever.
The company traces its roots back to 1887, when Cecil Rhodes founded Gold Fields of South Africa Limited. As of 2019, Gold Fields was the world's eighth-largest producer of gold. [4] The company owns and operates mines in Australia, Chile, Ghana, Peru and South Africa, with one 50:50 JV project in Canada.
Upon the buildings completion in 1903 it was the largest and tallest commercial building in South Africa. [2] It had an elevator and marble floors, and the offices were built with oak and African teak wood. In the basement were two large safes for the gold bars. Bullet holes in the front gable date to the 1922 Rand Rebellion.
Krugersdorp (Afrikaans for Kruger's Town) is a mining city in the West Rand, Gauteng Province, South Africa founded in 1887 [2] by Marthinus Pretorius and Abner Cohen. [3] Following the discovery of gold on the Witwatersrand , a need arose for a major town in the west of the reef.
Rand Airport (IATA: QRA, ICAO: FAGM) is an airport in Germiston, South Africa. It was constructed in the 1920s as the main airport for Johannesburg , but the city outgrew it and replaced the airport with Palmietfontein Airport in 1948 (itself replaced by Jan Smuts International Airport in 1952).
JCI was a major force in South African mining for over 100 years. Using his investments in the Kimberley diamond fields , particularly his 25% share in De Beers , Barnato foresaw the value of and invested in the potential of the Witwatersrand gold mines.