Mzikazi Fuzile’s Post

✨🌍 Gold remains one of the rarest elements on Earth, comprising only about 0.001 to 0.006 parts per million of the earth's crust. Despite its scarcity, the quest for gold continues, but the pace of discovering large deposits has slowed significantly. As we explore the changing dynamics of global gold production, one wonders: are we nearing the peak of gold extraction? 📈Consider the shifting sands of gold mining: South Africa, once the world's gold powerhouse with over 1,000 tonnes produced in 1970, has seen a dramatic decline, dropping out of the top 10 producers last year. Meanwhile, new players like Uzbekistan have entered the scene, and Brazil has climbed the ranks. Amid these changes, Ghana remains the only African nation in the top 10, highlighting its enduring role in the gold industry. The relentless pursuit of this precious metal illuminates not just economic power, but also technological advancements in mining across different continents.💰 #Gold #GoldProduction #EconomicImpact #MiningTechnology #GlobalEconomy #GhanaGold #WorldVisualized #VisualData #VisualInsights Source: Forbes.com

Top 10 Biggest Diamond Producers in the World (as at end September 2024) Diamonds have long captivated human interest, symbolizing wealth and beauty. In 2023, the global diamond production reached approximately 111.52 million carats, with the industry dominated by a select few countries. Russia leads the pack, contributing over 37 million carats, followed by Botswana with over 25 million carats. Significant producers include Canada, Angola, and the Democratic Republic of Congo. Each nation boasts rich deposits and unique mining practices, shaping their economies and influencing the global diamond market. Here is the list of the biggest diamond producers in the world. List of 10 Biggest Diamond Producers in the World Russia Botswana Canada Angola Democratic Republic of Congo South Africa Zimbabwe Namibia Sierra Leone Lesotho

⛏️ China's rich natural resources and strategic investments in mining make it the world's largest gold producer. Provinces like Shandong, Henan, and Inner Mongolia are abundant in gold deposits, and over the years, China has heavily invested in modern mining technologies and infrastructure. This investment has allowed the country to efficiently extract and process large quantities of gold. Additionally, state support and favorable policies have nurtured the mining sector, solidifying China’s leadership in global gold production. Gold is more than just a commodity for China; it’s a crucial part of the nation’s economic strategy. It bolsters China’s foreign reserves, providing a safeguard against economic uncertainties and currency fluctuations. Moreover, gold mining drives industrial growth, creating jobs and stimulating economic activity in mining regions. As global demand for gold continues to rise, China’s dominance in the gold market enhances its influence in global economic affairs, further establishing its role as a major player on the world stage. 🔗 World Gold Council (total production in 2023) 🧿 𝗙𝗼𝗹𝗹𝗼𝘄 𝘁𝗵𝗲 𝗲𝘆𝗲 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 👉 @civixplorer #gold #goldmining #goldmine #golden #worldaffairs #internationalrelations #中国 #pосси́я #ghana #indonesia #perú #uzbekistan

The world's leading diamond mining countries have been unveiled, showcasing the top producers in carats and value, including AFRICA's top 10 nations. In 2023, only 22 countries worldwide engaged in the extraction of rough diamonds from their deposits, with eight African countries securing prominent positions within the global top ten. In a significant feat, Botswana's diamond production from mines in 2023 soared to a value of 3.28 billion U.S. dollars, positioning the country as a powerhouse in the industry. Meanwhile, Russia emerged as a formidable player, with a diamond mine production value totalling 3.6 billion U.S. dollars, securing its spot as one of the world's top diamond-producing nations. Unsurprisingly, AFRICA is the largest rough diamond-producing region, accounting for 51% of output by weight, and 66% by value. However, diamond mining in AFRICA is a relatively recent phenomenon, fewer than 200 years old. Diamonds had been discovered—and prized—as far back as 2,000 years ago in India, later spreading west to Egyptian pharaohs and the Roman Empire. By the start of the 20th century, diamond production on a large scale took off: first in South Africa, and decades later in other African countries. In fact, between 1889 and 1959, AFRICA produced 98% of the world’s diamonds. In the latter half of the 20th century, the term blood diamond evolved from diamonds mined in African conflict zones used to finance insurgency or crime. Below are the TOP 10 African countries with the highest diamond production values: 1. Botswana 🇧🇼 2. Angola 🇦🇴 3. Namibia 🇳🇦 4. South Africa 🇿🇦 5. Zimbabwe 🇿🇼 6. Lesotho 🇱🇸 7. SierraLeone 🇸🇱 8. DRCongo 🇨🇩 9. Tanzania 🇹🇿 10. Liberia 🇱🇷 AFRICA must do more to accelerate its economic development by leveraging its mineral resources. #africa #economy #mineral #resources #mining #diamond #growth #Botswana 🇧🇼 #Angola 🇦🇴 #Namibia 🇳🇦 #SouthAfrica 🇿🇦 #Zimbabwe 🇿🇼 #Lesotho 🇱🇸 #SierraLeone 🇸🇱 #DRCongo 🇨🇩 #Tanzania 🇹🇿 #Liberia 🇱🇷

Guinea has expanded its bauxite exports significantly the last year—increasing its exports by 41% to China— and with the start of the Simandou mining project, they have the potential to become the third largest iron ore exporter next year. Guinea’s influence is altering the trade flows for dry bulk commodities and is creating a potential upside for dry bulk ton-mile growth. In our latest whitepaper, Senior Maritime Analyst Mikkel Nordberg examines the drivers and potential consequences in more detail. Read the full whitepaper to learn about China’s buying patterns and how Guinean exports could leave a positive impact on dry bulk rates: https://hubs.ly/Q02HJJ_B0 #GuineaExports #SimandouMining #DryBulkCommodities #BauxiteTrade #IronOre #Veson

Angola is one of the world's most mineral-rich countries in the world! With deposits of many minerals, including gold, copper, iron ore, manganese, phosphates, chromium, tin, lignite, and many more. But these are the top five mineral resources in my country: 1. Diamonds: Angola is one of the world's top diamond producers, with vast reserves, particularly in the provinces of Lunda Norte and Lunda Sul. 2. Petroleum (Oil): While not technically a mineral, oil is the most significant natural resource in Angola. The country is one of the largest oil producers in Africa. 3. Iron Ore: Angola has significant iron ore reserves, particularly in the provinces of Huíla and Cuanza Norte, though mining is not as developed compared to diamonds and oil. 4. Gold: Angola has gold reserves, particularly in the provinces of Huíla, Namibe, and Bié, with potential for increased production as more exploration occurs. 5. Phosphates: Angola has large phosphate reserves, particularly in the Zaire and Cabinda provinces, which are important for agriculture and industry. These are the five resources that play a critical role in Angola's economy, with petroleum and diamonds leading in terms of revenue generation. But there is much more to explore that has been untouched, the soil is rich, and the opportunity to raise our economy will be ever present in all the riches our country still has hidden within. Thanks for reading Ivan Morais #Meumerkado #Angola #africansolutions #africanriches #goodsoil #africaneconomy #Ivanmorais

Guinea has expanded its bauxite exports significantly the last year—increasing its exports by 41% to China— and with the start of the Simandou mining project next year, they have the potential to become the third largest iron ore exporter. Guinea’s influence is altering the trade flows for dry bulk commodities and is creating a potential upside for dry bulk ton-mile growth. Check out my latest whitepaper to learn about China’s buying patterns and how Guinean exports could leave a positive impact on dry bulk rates: https://hubs.ly/Q02HJJ_B0

Increment of Russian gold reserves surpasses output in 2023, exceeds 700 tons — ministry "In 2023, of 168 new fields of solid minerals that entered on the national register, 142 were gold deposits," the ministry said MOSCOW/ Increment of Russia’s gold reserves through exploration activities totaled over 700 tons in 2023, having exceeded preliminary production results of 421.8 tons, a source in the Ministry of Natural Resources and Environment told TASS. Increment of gold reserves was higher than output from 2021 to 2023, the ministry noted. In particular, in 2021 increment amounted to 574 tons, while production equaled 438.37 tons, in 2022 increment reached 1,380 tons, while output was 421.7 tons, whereas in 2023 increment of gold reserves exceeded 700 tons, while production, according to preliminary figures, amounted to 421.8 tons. "In 2023, of 168 new fields of solid minerals that entered on the national register, 142 were gold deposits," the ministry said. Russia’s Minister of Natural Resources and Environment Alexander Kozlov said earlier that increment of Russia’s gold reserves had reached almost 4,000 tons since 2020, with production exceeding 1,700 tons in the same period. #business #finance #financialservices

Mali's economy is fueled by gold, with the precious metal serving as the nation's primary economic engine. Given its rich geology, existing supply chains and workforce, the West African nation is a mining powerhouse, with major developments in progress and with high stakes for the industry expansion. As Africa's third-largest gold producer, Mali's upward trajectory in output underscores its pivotal role in the global gold market. #Gold #Mali $WBGD