Barrick’s Twiga Minerals Strengthens Gold Refining Alliance with Rand Refinery
Tanzania – Barrick Gold Corporation (Barrick), through its subsidiary Twiga Minerals Corporation, has sought to further streamline its gold refining activities by growing its partnership with Rand Refinery. Rand Refinery is a world-leading, LBMA-accredited gold and silver refiner based in South Africa.
Rand Refinery completed its own on-site due diligence process of the Twiga operations in line with the LBMA’s Responsible Gold Guidance and the OECD Due Diligence Guidance.
The majority of Twiga’s gold doré is now sent to Rand Refinery, with the balance continuing to be refined by MMTC PAMP.
All gold produced through Barrick’s other African operations has historically been sent to Rand Refinery, and in effort order to streamline all of Barrick’s Africa-based refining, a decision was taken to refine the bulk of the gold doré through a single refinery.
