Marcel Prime’s Post

As seen in Ghana President Nana Akufo-Ado's State of the Nation Address delivered on Tuesday, Ghana has overtaken South Africa as the leading producer of gold in Africa following the revival of dormant mines like the Obuasi and Bibiani Mines, and the expansion of existing ones. In addition, the reduction in withholding tax on unprocessed gold by small-scale miners, from 3% to 1.5%, has resulted in a 900% increment in gold export from the small-scale sector over the last two years. President Akufo-Ado said gold production reached 4 million ounces last year, according to preliminary estimates. Report from RMB Africa Research

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

Navigating uncertainty: Gold's enduring appeal in a fractured world By Helena Tunga Mboti The global economic landscape is characterized by heightened geopolitical tensions, potential for conflict escalation, and ongoing environmental concerns. Moreover over 60 countries are slated for elections adding to the level of global uncertainty. This article explores how these factors are shaping the demand for gold, a physical asset and store of value throughout macro-financial stresses in business cycles, known for its resilience and safe-haven qualities. https://lnkd.in/ghMBdxJv #namibia #gold #investors #commodityprices FNB Namibia Chamber of Mines Namibia

Invest in Precious Metals from Africa: Gold and Diamonds for Every Investor Are you looking to diversify your investment portfolio? Look no further than precious metals from Africa! Whether you’re a large institutional investor or a small individual investor, there’s something for everyone in this rich market. 💎 Why Invest in African Precious Metals? Abundant Resources: Africa is blessed with vast deposits of gold and diamonds. With countries like South Africa and Botswana leading the way, the continent offers a reliable supply of high-quality precious metals. Flexible Investment Options: From gold bullion in kilograms, grams, and ounces to diamonds of various sizes and qualities, African suppliers cater to all investment sizes and preferences. Economic Empowerment: By investing in African precious metals, you’re supporting local economies and sustainable mining practices, fostering growth and development in the region. Global Demand: The demand for gold and diamonds continues to rise globally. Investing now can position you well for future returns as the market evolves. Quality Assurance: African suppliers are committed to high standards, providing certified products that meet international benchmarks. Your investment is safe and sound. 🌍 Join the Movement! Don’t miss out on the opportunity to invest in Africa’s precious metals. Whether you’re considering gold or diamonds, there’s a wealth of potential waiting for you. Exploring Local Markets: Where to Buy Gold and Diamonds in Africa Top Gold Markets: Cameroon, Bertoua, the richest gold deposit town in the Eastern Region of Cameroon, Ghana’s Accra Gold Market and South Africa’s, Tanzania Kenya are great starting points. Visit our website: bonasgold.net 📞 Call us: +237 6759 15154 📧 Email: info@bonasgold.net #PreciousMetals #GoldInvestment #DiamondInvestment #InvestInAfrica #SustainableInvesting #WealthBuilding #EconomicEmpowerment #DiversifyYourPortfolio #AfricanResources #EthicalMining #InvestmentOpportunities #GlobalDemand #QualityAssured #FinancialFreedom #SmartInvesting

Zimbabwe is one of the few producers of Platinum Group of Metals globally. In 2023, the country was the third-largest producer of platinum. However, there’s little economic benefit realised from this resource. Mukasiri Sibanda notes that while efforts are being made to improve mineral value addition and prevent raw mineral exports, the country must implement a tax on unrefined platinum to realise tangible economic gains. Read more 👉 tjna.me/3RNgY5x #TaxJusticeAfrica #AfricaAgainstIFFs Like, comment, share

When it comes to #MetalsandMining, we realized that one continent is multiple times totally overlooked - it is #Africa. When it comes to countries like #DRC (Democratic Republic of Congo) the opinions about doing business there are extreme and the prejudices from people are endless. Usually these prejudices come from people which have never been there or even never have been in any country from Africa. Therefore its a fortune for our #FamilyOffice to know 2 people which know this contintent and in particular the DRC inside out. Their names are John Barker CEO and Arnold Kondrat Chairman of Loncor Gold Inc (TSX: LN) (OTCQX:LONCF) (FSE:LO5). On Oct 2nd - John who is in the picture below will come with Peter Cowley (President) to present the firm at our #24thInvestmentConference (byInvitationOnly) for #BuySide #ActiveInvestors. As a warm up for everybody: #Loncor's Adumbi #flagship property has already a 2021 Preliminary Economic Assessment Study completed with an #OpenPitScenario that returned a pre-tax #NPV@5% (using US$1760/oz gold price) of 1,2 bn USD! Well with #Gold at current 2584 USD/ounce it shouldnt be complicated to figure out in which direction the inherant value should go. Even more interesting is the fact that the stock is currently trading at a MCAP of 57,2 Mio CAD or 42,1 Mio USD which looks like nobody is doing their homework. And on top of this please fasten you seatbelt now: Africa’s largest gold producer, the #Barrick-managed #Kibali Gold mine as a neighbour is just 130 miles away.

Ever wondered about the cost of gold smelting in Africa? Discover the hidden treasures of the continent as we dive into the fascinating world of gold refinement. The cost of gold smelting in Africa can vary depending on various factors such as the location, scale of operation, equipment used, and market conditions. It is recommended to contact local gold smelting facilities or consult with experts in the field to get accurate and up-to-date information on the cost of gold smelting in Africa.

West Africa is claiming the spotlight, transforming the landscape of gold production on the continent. Today, the region accounts for 33% of Africa’s gold production. This evolution speaks volumes about West Africa’s rich geographic potential and the favorable economic conditions that it a magnet for investors and stakeholders. With Mali among the top producers, we're proud to contribute to a region that's now shaping the continent's gold narrative. #GoldMining #WestAfrica

The revamped National Gold Purchase programme is a welcome move to diversify Nigeria's revenue streams and shore up foreign reserves. However, the government must ensure that the programme is implemented with transparency, accountability, and environmental sustainability, lest it perpetuate the resource curse and exacerbate social inequalities. #NigeriaGovt #NigeriaEconomy #NationalRevenue #GoldPurchaseProgramme #SustainableDevelopment #EconomicGovernance https://lnkd.in/eCiR9449

Can the PNG government justify which case study was used in the world to align or point out similar to PNG Gold Bullion Project or which case study was identified and studied to compare , contrast and illustrate similar to PNG Gold Bullion Project proposed policies, investment deals and business arrangements, the impact to benefit its country and economy??? read about Rwanda's Gold Bullion Corporation and State Own Gold Mint Refinery Project in Africa and you will know what issues they overcome, what business and investment deals they accepted with investors and developers, what are the impact and benefits on their people and economies outcomes???