Patrick BM Zwane("MZI") What Thinketh Thou Comrade Human’s Post

GOLD REFINING IN AFRICA ON THE GHANAIAN SOIL , FROM WHICH NKRUMAH AND HIS COMRADES FIRST BEAMED THE TORCH OF INDEPENDENCE ON AFRICA 👀!!! THE STATED DEAL SPLIT, YES COULD BE BETTER BUT THAT WILL.COME 🤔 HOW LONG HAS BEFICIAN TO BE EFECTED ON THE MINING TURF IN AFRICA , BEEN DEMANDED , ALL TO NO AVAIL 👀👀👀? !!! DARE AFRICA NOW ANTICIPATE A POSITIVE RASH OF SUCH BENEFICIAN DEALS ON AFRICAN SOIL, TO PROLIFERATE CONTINENTALLY , WITH IMPROVED EQUITY STRUCTURES AND BECOME VERY MUCH THE NORM , IN AFRICA ? 👀 🤔 .DARE, WE SO , GLEEFUL,BE? SURELY MOVING HEAVY GOLD ORE OFF THE AFRICAN SHORES , IS LOGITICSLLY MORE UNWILDY THAN EXPORTING COMPACT BULLION IGNOTS OE EVEN BETTER, GOLD WEDDING RINGS AND OTHER JEWELLERY ARTEFACTS AND THE LIKE 👀 🤔!!!! STOP EXPORTING MANUFACTURING JOBS ABRIAD,MOTHER AFRICA, WHEN YOUR OWN UNEMPLOYMENT STATUS IS BEYOND CHRONIC AND UTTERLY DESPERATE? 👀 👀 👀 !!!! https://lnkd.in/dTnxn5EQ

Gold exports jumped to a record gold in the first half of 2024. According to the Chief Executive Officer of the Minerals Commission of Ghana, Mr Martin Ayisi out of the total exports of US$9.2 billion for the first-half of 2024, gold alone accounted 54% of the total exports which amounted to US$ 5 billion.

#Zambia #naturalresources #copper #commoditiestradingcompanies #miningcompanies #understatingprofits #Glencore #Trafigura #ResourceSovereignty #Africa #miningsector #transnationalcorporations #commoditymarkets 'Zambia made its first move in implementing plans to set up a state company to trade in the minerals that Africa’s second-biggest copper producer exports. The government — long suspicious that some mining companies under-declare production and profits — hopes the creation of a state minerals trading company will provide a window into where others are making money from Zambia’s resources.'

Gold is booming. So is the dirty business of digging it up https://lnkd.in/e6xFdCQj from The Economist Ghana, Africa's largest gold producer, epitomizes the continent's new gold rush, with gold prices reaching record highs of over $2,700 per ounce. While this promises higher margins for industrial miners, it has also spurred artisanal and small-scale mining (ASM), which accounts for nearly half of Africa’s annual 1,000 tonnes of gold production. Though ASM provides critical income for millions in rural Africa, much of it is unregulated, untaxed, and environmentally destructive. Smuggling has surged, with reports suggesting that gold smuggled from Africa more than doubled between 2012 and 2022, depriving African governments of much-needed revenue. Meanwhile, Dubai has emerged as a key refining hub, further encouraging illicit trade. The gold rush also fuels conflicts, with militant groups and political elites profiting from the trade. Despite international efforts to regulate the supply chain, weak governance continues to allow smuggling and environmental degradation to thrive.#GhanaGoldRush #AfricaMining #SustainableDevelopment #ASM #GoldSmuggling

Phosphate is not the only mineral resource Saudi Arabia is eyeing to fuel its post-oil future. On January 10th the government revised its estimate of the value of its buried mineral wealth from $1.3trn to $2.5trn. This includes deposits of gold, copper and zinc.

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

The import and export market is a dynamic, ever-changing landscape. Today, we thought we’d share some fun and interesting facts about our vibrant South African market: The Gold Rush: Did you know that gold mining was once the major driving force behind the development of South Africa? Even today, gold remains one of our most well-known exports. Car Exports: Cars make up South Africa’s third biggest export, totaling USD 6.1 billion in value. Pre-Covid, a total of 351,154 South African-made vehicles were exported to countries around the world. Coal and Iron Ore: South Africa is the world’s third-largest coal exporter and a significant player in the iron ore market. These resources power industries around the globe. Gems and Precious Metals: South Africa is a treasure trove of gems and precious metals. We’re the second largest producer of gold and the world’s largest producer of chrome, manganese, platinum, vanadium, and vermiculite. Export Concentration: The bulk of South African exports are concentrated in a few mega firms who ship products to countries around the world, with approximately 1000 companies generating 93% of all of the country’s exports. Just like in a dance, every step in the Forex market is important. As we navigate the rhythms of the South African import and export market, let’s continue to learn, adapt, and grow together. #Forex #SouthAfricanMarket #ImportExport

Rwanda’s mineral export revenue rose by 43 per cent to more than $1.1 billion (approx. Rwf1.4 trillion) in 2023, up from the $772 million recorded in 2022, while the target is to generate $1.5 billion by the end of 2024. https://buff.ly/3K4Qecx

The USGS Mineral Commodity Summaries report finds US reliant on imports for over half its consumption of 49 nonfuel mineral commodities & 100% import dependent for 15 of them, underscoring the dire need for domestic & allied #criticalminerals supply. https://lnkd.in/dTiZ9Ahy 

It’s the best approach by any of large gold producing nations, where the the precious metals exports is a major chunk of their revenu. However, the lack of incentivising such projects and substantial cuts in royalty levied before export vis a vis export of raw gold, the chances of success of home grown refineries are less. For example in Ghana with 900 kg per day refining capacity by two large refineries set up,, none of them have been functioning due to lack of their main feedstock, the gold Dore.