Namibia Mining and Energy’s Post

Kindly take note of the weekly commodity updates. The green arrows on the flyer indicate an increment in commodity price. The red arrows indicate a decrease in commodity price . The percentage change is with respect to the prices posted on 12th July 2024. All prices were taken as of 8:30am today. Let’s keep ourselves updated and share it to update others as well. AusIMM Asante Gold Chirano Limited Newmont Ghana Gold Limited GOLD FIELDS BHP BCM Group Geodrill Asanko Gold #AusIMM #commodityprices #commoditymarket #updates #industry #weekupdates

Sylla Gold Corp Secures Major Stake in Namibia's Gold Prospects, Expanding into Central Namibian Gold Belt - BNN Breaking: Sylla Gold Corp Secures Major Stake in Namibia's Gold Prospects, Expanding into Central Namibian Gold Belt  BNN Breaking

Ghana's New Gold Refinery: A Step Toward Added Value Ghana has officially launched its first commercial gold refinery, aiming to enhance the value derived from its gold industry. This new facility, where the state holds a 20% share, represents a significant advancement for Africa's leading gold producer. The Royal Ghana Gold Refinery, a public-private partnership with Rosy Royal Minerals, has the capacity to process 400 kg of gold daily. Vice President Mahamudu Bawumia emphasized that this initiative is expected to reduce gold smuggling and increase national earnings from the precious metal. This strategic move is intended to add value to Ghana’s gold sector and support economic growth through improved revenue from its gold resources. Read more here - https://lnkd.in/e3msc5HS #Ghana #GoldRefinery #EconomicGrowth #GoldIndustry #ValueAddition #PublicPrivatePartnership #AfricaInsights

Gold Key facts: ⛏️ Gold is among Canada's most valuable mined commodities, with a production value of $13.2 billion in 2022. ⛏️ Gold is mined in 10 Canadian provinces and territories, with the majority coming from Ontario and Quebec that together accounted for 72% of Canada’s mined gold production in 2022. ⛏️ Canadian mines produced 204 tonnes of gold in 2022, ranking Canada as the fourth-largest global producer. To learn more about Lancaster's Piney Lake Gold Project, view this link: https://lnkd.in/gSbEhc3w #LancasterResources #CriticalMineralsExploration #PineyLakeGold #GoldPropertyAcquisition

GHANA UNVEILS FIRST GOLD REFINERY TO CURB SMUGGLING AND ADD VALUE The Royal Ghana Gold Refinery, which will process 400 kilograms of gold daily, primarily sources raw materials from artisanal and small-scale mines. These mines contribute about one-third of Ghana’s annual gold output of roughly 4 million ounces, according to Bloomberg. Bank of Ghana Governor Ernest Addison stated that the refinery will play a crucial role in curbing gold smuggling, a persistent issue in the country, by providing a ready market for artisanal and small-scale miners. “This refinery can mitigate the incentive for smuggling and help promote transparency and accountability in…READ MORE HERE https://lnkd.in/dWY6gD85

Nigeria launches mineral resources portal for investors

Wia Gold bumps up gold MRE at its Namibian project: Wia Gold has revised its Mineral Resource Estimate (MRE) for its Kokoseb deposit, which forms part of the Damaran gold project in Namibia – bringing the new estimate to a high of 66 million tonnes (Mt) at 1.0 g/t Au for 2.12 million ounces (Moz). The Kokoseb deposit’s size aligns

Gold Refineries in Tanzania: Current Status and Future Demand. #tanztrust #mining #gold #tanzania Tanzania is one of Africa's leading gold producers, with the precious metal being a major contributor to the country’s economy. The nation has several gold refineries that play a crucial role in adding value to the raw gold extracted from Tanzanian mines before it reaches global markets. More from the Tanz Trust Article: https://lnkd.in/dB4VYc8w #goldmining #miningindustry

#GoldRefinery: Ghana opened its first commercial gold refinery in Accra, the capital, on Thursday, marking a significant effort by Africa's leading gold producer to increase the value and returns from the precious metal, which has been a cornerstone of its economy for centuries. This refinery, known as the Royal Ghana Gold Refinery, is a partnership between Rosy Royal Minerals of India and the central bank of #Ghana. Its primary objective is to refine 400 kilograms of gold daily, primarily sourcing the raw material from artisanal and small-scale mines, which officially contribute to about a third of Ghana’s annual output of approximately 4 million ounces. Ghana maintained its position as Africa's top #gold producer last year, benefiting from increased production from small-scale and artisanal miners, which boosted the total output to 4.03 million ounces. See more: https://lnkd.in/dMPC-uwp.

Ghana Regains Leading Gold Producer Position Ghana has resumed her position as the leading gold producer in Africa. President Akufo-Addo disclosed this in Parliament when he delivered his last State of the Nation (SONA). “Mr. Speaker, last year, Ghana regained her position as the leading producer of gold in Africa, having overtaken South Africa. Our gold production reached an unprecedented four million ounces (4 million oz), according to preliminary reports. “This is as a result of the progressive policies we have been implementing, which have led to the revival of dormant mines like the Obuasi and Bibiani Mines, and the expansion of existing ones. The reduction in withholding tax on unprocessed gold by small-scale miners, from three percent (3%) to one and a half percent (1.5%), has resulted in some nine hundred percent (900%) increment in gold export from the small-scale sector, over the last two (2) years.” #GhanaGoldRevival, #LeadingGoldProducerAfrica, #GoldForOilPolicy, #SustainableMiningGhana, #GreenMineralsInitiative