South African gold supplier Rand Refinery will enter the Romanian market, it has announced. More details about its planned market entry will follow in a press conference on Monday, February 10, according to Mediafax newswire.

The company, created in 1920 in South Africa, has refined over 50,000 tonnes of pure gold, or 30 percent of the quantity of gold refined in the world so far.

The only company authorized to mint the South African coin Kruggerrand, Rand Refinery produces cast bars and minted bars, coins, medals, semi-finished metal products for the jewelry industry, and supplies support, vault and logistics services, among others. It is yet uncertain what sort of products and services will the company offer on the Romanian market.

The company is owned by AngloGold Ashanti, with 42 percent of the shares, and Sibanye Gold, with 33 percent.

editor@romania-insider.com