Gold deliveries to Fidelity Gold Refinery (FGR) saw an outstanding increase of 26.24% in September compared to August, according to the latest data. This surge in gold deliveries reflects a recovery in the production of the precious metal in Zimbabwe. The country has set a target of producing 40 tonnes of gold this year. In […]
The Rwanda Mines, Petroleum and Gas Board (RMB) has announced in a report the mineral export revenues for the second quarter of 2023, covering the period from April to June. The revenue from mineral exports increased by an astounding 46.4% and the volume of exports rose by a significant 12% between the first and second […]
Gold exports lifted foreign exchange receipts in March and April, which could suggest an end to a long standoff between the government and dealers over tax-related issues. However, no details have been provided to show the performance in May. The data also indicate that gold exports during March and April were higher than the average […]
The new digital currency protects against currency fluctuations of the Zimbabwean dollar. The digital token serves as a store of value and a means of payment. The Reserve Bank of Zimbabwe (RBZ) has announced its decision to introduce a gold-backed digital token to serve as both a store of value as well as a means […]
Sibanye-Stillwater is a South African multi-national mining and metals processing group with a diverse portfolio. It is the world’s largest primary producer of platinum, the second-largest primary producer of palladium, and the third-largest producer of gold. The company has recently begun to build and diversify its asset portfolio. Sibanye- Stillwater is a South African multi-national […]
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As announced on Tuesday, the government of Burkina Faso has acquired 200 kilos of gold from Canadian miner, Endeavor. The Ministry of Energy and Mines made the announcement in a statement that revealed that the decision to purchase gold produced from the country’s local mine was to the public’s benefit, as the company will be […]
According to Nagy Farag, the Adviser to the Minister of Supply and Internal Trade for Gold Industry Affairs reported on Friday that Egypt ranks third in the world in terms of growth of gold reserves. Nagy Farag noted that Egypt does not rank third in total gold reserves but in terms of the strategic growth […]
Rwanda becomes Africa host nation to one of world’s largest coltan exporters headquarters, making it the first Africa’s coltan refinery at a cost of over $20 million. The plant is located in Bugesera Industrial Park and was built by a mining investment company called the Power Resources International Ltd, a British-based mining company that operates […]
On Thursday, Ghana’s Finance Minister Ken Ofori-Arra presented the 2023 budget in parliament and also announced that there will be more spending cuts, including a freeze on government hiring and hike in the Value Added Tax. It also looked into using gold to buy oil rather than U.S dollars as the country’s currency depreciates against […]
On Thursday, Mali’s transitional government signed into law a new State-owned mining company, which is part of the government’s bid to increase revenues from the mining industry, a major part of the West African country’s economy. The officials said that the company, Société de Recherche et d’Exploitation Minière du Mali (Sorem SA), will be fully […]