Firstpost’s Post

🔍 New Africa Watch Report: Burkina Faso’s Gold Mining & Geopolitical Challenges 🇧🇫💰 Burkina Faso is enacting key reforms to manage its gold mining sector amid political instability and growing ties with Russia. Key updates: 🔹 Regulatory Reforms: New measures include a national gold reserve and a temporary halt on artisanal gold exports to curb misuse. 🔹 Geopolitical Dynamics: Enhanced cooperation with Russia impacts security and economic strategies, influencing both regional stability and investment opportunities. Discover how Burkina Faso is navigating these complexities and the implications for the mining industry. https://lnkd.in/gVpXSmJD #BurkinaFaso #GoldMining #Geopolitics #AfricaWatch #EconomicStability #GlobalEyeIntelligence

✨ 𝐌𝐚𝐛𝐚𝐧’𝐬 𝐠𝐨𝐥𝐝𝐞𝐧 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐬 𝐡𝐞𝐫𝐞! ✨ In the heart of Upper Nile State, Maban County is experiencing an economic boom thanks to a surge in demand for locally mined gold. Ethiopian buyers are driving this demand, recognizing the value of Maban’s gold mining activities. The future shines bright for Maban as the allure of its gold continues to attract buyers and fuel economic growth. The local community, empowered by artisanal mining opportunities, is on the path to a prosperous and sustainable future. This progress stands as a beacon of hope for the entire country. Studies show that the increase in mining activities is creating jobs and generating significant income, especially with gold prices soaring. This influx of wealth is enhancing local welfare, improving access to education and healthcare, and stimulating infrastructure development. #MabanGold #EconomicGrowth #SustainableFuture #CommunityEmpowerment #UpperNileState #GoldRush #HopeAndProgress https://rb.gy/8yjukf

Top 5 countries in Northern Africa with the largest gold reserves and their estimated units were: 1. Egypt🇪🇬 - Estimated at over 77 million ounces. 2. Algeria🇩🇿 - Estimated at around 6.5 million ounces. 3. Sudan🇸🇩 - Estimated at around 3.1 million ounces. 4. Libya🇱🇾 - Estimated at around 1.6 million ounces. 5. Morocco🇲🇦 - Estimated at around 1.2 million ounces.

Gold smuggling in Africa reaches more than 30 billion dollars African gold smuggling amounts to more than 30 billion dollars a year, most of it to the United Arab Emirates, where it is refined and then sold around the world, reveals a report published last week. The data comes from a report by SWISSAID, a development aid organization based in Switzerland, and indicates that in 2022, gold worth 30 billion dollars left the African continent illegally. According to Lusa, the main destinations for African gold... Read more on the link below https://lnkd.in/gh9Uxunj

#HerThoughts #Value #Addition: The #Road #Less #Travelled Africa exports its mineral wealth only to buy it back as finished products at a premium. I know it is not news..... This model, a vestige of colonial exploitation, undermines our economic sovereignty and stifles industrial growth. The AMV advocates for a shift towards mineral value addition — processing minerals locally to create jobs and retain more value within the continent. Yet, investment in this vision lags. Before diving into that, uuuh! seem like a long dive, lets take a look at the Africa Mining Vision and 1. Appreciate the thought of it. 2. Appreciate the resourcefulness of it, Talk about the Nine (9) clusters in it leaving no stone un turned from the source to the market kinda thing. 3. Put it into Action, No one outside the 30.3 million km2 (11.7 million square miles) will come and implement it on our behalf. And on the next couple of post I will be sharing my views on this. What is your take on the African Mining Vision? Share you country too as you comment. #SheIsAMine #AMV #Agenda2063 #TheAfricaWeWant #ValueAddition #EconomicSovereignty #IndustrialGrowth

Lebanon Golden Age starting mid 1950's until 1975. Lebanon is the 2nd country in the world in gold reserves per capita with 69.3 grams for each citizen. Switzerland tops the world's list with 136.3 grams per capita. In 2018 the value of Lebanon's Gold represented 22.3% of the Arab world's aggregate gold reserves. They accounted for 3.6% of gold reserves of non-OECD Countries and for 0.9% of Global Gold Reserves.

🇫🇷 France has the fourth largest gold reserve of 2436 tonnes, yet there are no gold mines in France. 🇲🇱 Meanwhile, Mali, occupied by France, has no gold reserves, despite having over 860 gold mines and producing 50 tonnes of gold per year. ❓ Where does Mali's gold go?

🇿🇦 Fascinating Facts About Gold in South Africa 🇿🇦 South Africa's gold legacy is rich and compelling. Here’s why it’s so significant: 🔹 Historic Discovery: Gold was first discovered in South Africa in the 1880s, leading to the famous Witwatersrand Gold Rush, which transformed the region into one of the world's top gold producers. 🔹 World-Class Deposits: South Africa is home to some of the deepest and largest gold mines in the world, including the legendary Mponeng and TauTona mines, reaching depths of over 4 kilometers. 🔹 Economic Impact: Gold mining has been a cornerstone of South Africa’s economy for decades, contributing significantly to its GDP and providing thousands of jobs. 🔹 Cultural Significance: Gold has played a vital role in South African culture, symbolizing wealth, success, and historical achievement. At Gold Berg International, we honor South Africa's gold heritage by offering premium gold products that reflect its enduring legacy and value. 🌐 www.goldbergint.co.za #SouthAfricanGold #GoldHistory #GoldBergInternational #MiningLegacy #GoldFacts

#SouthSudan's emerging gold market is quickly becoming a popular choice for traders in Africa, according to a 2023 report by Organized Crime and Reporting Project (OCCRP). In 2020, the country's gold exports to the United Arab Emirates and #Uganda alone totalled more than 3,000 kilograms, bringing in US$110 million for the young nation. This figure is believed to be a fraction of what the industry can dig up. However, over-reliance on #oil as the major source of revenue means the country has yet to harness the full economic potential of this precious mineral.