Royal Australian Mint in 1967 the Melbourne mint was closed. Some staff from the Melbourne mint relocated to Canberra to operate the new mint. However it was not until the early 1980s that the RAM was able to sustain solitary production of the full set of circulating Australian coins, and so on several occasions in the 1960s and 1970s the RAM contracted production runs to the Perth Mint, the Royal Mint in both London and Llantrisant, and even on one occasion the Royal Canadian Mint. The mint consists of two buildings, an administration building, and a process building. The administration building houses the
Royal Canadian Mint "in anticipation of profit" (i.e., to function in a commercial manner without relying on taxpayer support to fund its operations). Like private-sector companies, the Mint has a board of directors consisting of a chair, the president and CEO of the Mint, and eight other directors. Traditionally, the President of the Royal Canadian Mint is known as the Master of the Mint. The president is Jennifer Camelon, who was appointed to the position in 2018. The Board of Directors, through the Chair, is accountable to the Minister of Finance. The Minister serves as the link between the Mint, Cabinet and Parliament.