The Krugerrand's remarkable contribution to SA mining value-addition

The gold bullion Krugerrand represents a most remarkable story from a beneficiation perspective, with more than 60-million pieces sold over the past 50 years. This equates to more than 1 660 t of local gold used in the process, and about 25% of all South African gold sold currently is in the form of Krugerrands. This is according to precious metal smelting and refining complex Rand Refinery CEO Praveen Baijnath, who spoke to Mining Weekly during a site visit to the company’s facility on the East Rand, in August, to mark the coin’s fiftieth anniversary.