South African Gold Shipments to London Were Disrupted
- Rand Refinery says gold shipments disrupted as planes grounded
- Refiner processes gold from African miners including AngloGold
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A South African refinery said gold shipments to London have been disrupted because of a lack of commercial flights, adding to the turmoil that’s upending the physical bullion market.
South Africa’s Rand Refinery Ltd., the continent’s only gold refiner accredited with the London Bullion Market Association, said it’s exploring back-up plans and alternative measures to be able to meet its delivery commitments to the London gold market. The company is turning to chartered planes to minimize disruptions to shipments.