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

GOLD REFINING IN AFRICA IN THE GHANAIAN SOIL ON WHICH NKRUMAH AND HIS COMRADES FIRST BEAMED THE TORCH OF INDEPEBDENCE IN AFRICA THE DEAL SPLIT COULD BE BETTER AND THAT WILLl COME HOW LONG HAS THE BEFICIAN TO BE EFECTED ON THE MING TURF BEEN DEMANDED TO NO AVAIL? DARE AFRICA NOW ANYUCIOATE A RASH OF SUCH BENEFICIAN IN AFRICA DEALS TO PROLIFERATE, IMPROVE AND BECOME THE NORM 👀 🤔 SURELY MOVING HEaVY GOLD ORE IS LOGITICSLLY MORE UNWIDLY YHSN EXPORT COMPACT BULLION BATS OR GOLD WEDDING TINGS AND THE LIKE STOP EXPORTING MANUFACTURING JOBS ,MOTHER AFRICA, WHEN YOUR OWN UNEMPLOYMENT STATUS IS BEYOND CHRONIC AND UTTERLY DESPERATE? https://lnkd.in/dTnxn5EQ

Nigeria is blessed with abundant mineral resources, such as gold, tin, columbite, iron ore, and many others. However, the mining sector is underdeveloped and plagued by illegal activities that deprive the country of its revenue and potential, and cause environmental damage, such as soil erosion, water pollution, and deforestation. According to the Nigerian Extractive Industries Transparency Initiative (NEITI), Nigeria lost about $9 billion to illegal mining and smuggling of gold alone between 2012 and 2018. This is equivalent to 97% of the country’s foreign exchange earnings in 2018. The loss of revenue from other solid minerals, such as tin and columbite, is also significant. Illegal mining and smuggling of solid minerals are especially rampant in the northern region of Nigeria, where an estimated 80% of mining is carried out illegally and on an artisanal basis by local populations2. This mining of large untapped deposits of minerals in the area, especially gold, because of its strategic importance and economic value, is at the root of violent local conflicts. The mining sector has the potential to contribute significantly to the economic development and diversification of Nigeria, especially in the northern region, where poverty and insecurity are prevalent. However, this potential can only be realized if the sector is governed by the rule of law, transparency, and accountability, and if the benefits are shared equitably and sustainably among the stakeholders. What are your thoughts on this issue? Do you have any suggestions on how to curb illegal mining and smuggling of solid minerals in Nigeria? Please share your comments and insights below. And don’t forget to like and share this post with your network. Thank you for reading. 😊 #nigeriamining #solidminerals #illegalmining #smuggling #northernnigeria #economicdevelopment #environmentalprotection #linkedinpost

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

#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.'

Africa is a treasure trove of mineral resources, contributing nearly 30% of the world's mineral reserves, including 40% of global gold and substantial amounts of chromium and platinum. In 2019, the continent produced minerals valued at $406 billion, underscoring its significant role in the global mining industry. These resources play a crucial role in modern technology, with minerals like cobalt, lithium, and tantalum being vital for electronics, especially smartphones and batteries. The Democratic Republic of the Congo (DRC) and Rwanda are major producers of these critical metals, supplying a significant portion of the world's demand. The mineral landscape varies across African countries, with petroleum dominating in nations like Nigeria, Angola, and Algeria. Metals such as gold, iron, titanium, zinc, and copper are top minerals in Ghana, South Africa, and Mali. Industrial minerals, including diamonds, gypsum, salt, sulfur, and phosphates, form the backbone of economies in countries like the DRC and Botswana. In terms of revenue, South Africa leads, generating $125 billion annually from its mineral resources, followed by Nigeria, Algeria, Angola, and Libya. These five nations collectively contribute over two-thirds of Africa's total mineral wealth, emphasizing the economic significance of the continent's mineral sector. #minerals #africa #hakunamatatamedia Story: Aljazeera

In early 2024, despite the increase in freight charges from the Middle Eastern Market to the overseas markets due to the Red Sea Crisis, the prices of Sulphur continued to decline. However, in the second period of 2024, the Sulphur market has experienced incline in price trend, therefore the trading activities among significant mining industries in DRC and Zambia increased, along with production rate of the product to meet the rising demand from the downstream Agrochemical sectors. Currently on hand, #Enkosiyatu has a total of 48,000tons in #Beira and #DarEsSalaam ports respectively; ready to ship to #DRC and #Zambia

This is a noble desire for African Governments to pursue, but the most difficult undertaking to achieve. There are many underlying reasons why this has not been accomplished by many countries; the level of mining development in the country is a key factor, it requires a critical mass of mineral production to have refineries or processing plants to be economical; majority of the investors in Africa come from industrialized nations in search for raw materials to feed their industries with constant supplies. Their investment decisions are made after assurances are given in non restrictions of materials and profit repatriation. Eventually we shall get there but for now it remains a long shot!