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🟡 Rand Refinery Turns to African Artisanal Gold as Local Supply Shrinks

South Africa’s Rand Refinery is increasingly sourcing artisanal and small-scale gold from Tanzania and Ghana as domestic gold production continues to decline, reshaping its supply strategy across Africa.

🔑 Key Points

Rand Refinery is shifting sourcing toward artisanal gold from Tanzania and Ghana

South Africa’s domestic gold output is steadily declining, forcing external reliance

Focus is on ASM (Artisanal & Small-Scale Mining) supply chains in Africa

The refinery is avoiding heavy dependence on local ASM sector despite availability

Global competition in gold refining (Switzerland, UAE, India) is intensifying

📊 Market Insight
This shift highlights a broader trend: Africa is moving from raw gold exports toward regional value chains, while refining hubs compete to secure increasingly fragmented supply sources.

💡 Expert Insight
Declining South African production is accelerating Africa’s internal gold trade, positioning Tanzania and Ghana as strategic suppliers in the continent’s refining ecosystem.

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