Media release

Acquisition of the Pagliari Group

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Rand Refinery is pleased to announce its recent acquisition of the Pagliari Group of companies.

The Pagliari Group is an important addition to Rand Refinery, and will assist the company as it rolls out its value-added products strategy. Pagliari (Pty) Ltd manufactures and supplies dies used in various industries. Pagliari will supply Rand Refinery with dies and tooling for the crafting of minted bars and other value added products.

The Cape Mint has a reputation for craftsmanship in the production of minted medals, trophies, high quality proof coins and other items. The Pagliari group has produced, amongst other things, the Parliamentary maces of South Africa in 1962 and 1994. The 1962 Parliamentary Mace is the largest item of gold to have been worked in South Africa.

“I am excited about the possibilities that this acquisition brings to Rand Refinery. The craftsmanship and skill added to the Group will further enhance our minted bar capacity and quality, and allow us to produce proof quality products as we continue to seek opportunities for gold beneficiation in South Africa. ,” says Chief Executive, Howard Craig.

Rand Refinery was established in 1920, and is the largest integrated single-site precious metals refining and smelting complex in the world. Rand Refinery began business as a local pure refiner of doré (a semi-pure alloy of gold and silver).

The company’s product offering extends across the precious metals value chain which begins with smelting, refining and recovery of precious metals. In addition, Rand Refinery manufactures a variety of products for investment, industrial use as well as retail and luxury products. These products include cast bars, minted bars, minted coins, coin blanks and products for the jewellery manufacturing industry.

Rand Refinery, the sole supplier of the world famous Krugerrand to primary distributors both locally and internationally, will, through this acquisition, further develop opportunities as it grow its business globally.

“We are pleased to combine our current strengths with those of the Pagliari Group to meet the demands of the market place, delivering top of the range products and services to our customers,” says Howard.

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