Central banks target gold smuggling with buying schemes
MADAGASCAR’S central bank governor Aivo Andrianarivelo is leading efforts to combat gold smuggling as criminal gangs use aircraft and helicopters to traffic an estimated 20 tons…
Congo reopens mining talks amid smuggling crisis
THE Democratic Republic of Congo has reopened negotiations with mining companies as it seeks to recover billions of dollars lost through gold smuggling, the country’s new mines…
Ghana establishes anti-smuggling force for gold trade
GHANA unveiled a new security-supported task force on Tuesday designed to combat illicit gold commerce, as the continent’s leading gold producer seeks to reclaim billions in…
Ghana eyes $12bn annual windfall from small-scale gold
GHANA’S ambitious plan to double small-scale gold production could deliver annual revenues of $12bn, offering a boost for the debt-strapped nation as it seeks to rebuild its…
Ghana’s proposed Gold Board will target small scale mining
GHANA this week unveiled plans for a Gold Board that will be tasked with boosting returns from the sector by streamlining metal purchases from small scale miners and reduce…
SA Revenue Service closing in on gold smuggling – report
SOUTH African gold refiner Rappa Resources has been ordered to hand over documents to the country’s revenue service regarding a potential R4bn tax liability. According to…
Moti company African Chrome Fields identified in Zimbabwe Govt. fraud allegations
THE Moti Group, which owns platinum assets in South Africa and a lithium deposit in Zimbabwe, has been implicated in allegations of fraud involving Zimbabwe’s president, Emmerson…
Russia facing potential setback in Sudan as it vies with West for influence in Africa
RUSSIA’S ambitions in resource-rich Sudan could receive a setback after authorities in the North African country questioned Russian employees at the Al-Sulaj Mining Ltd on…
Nigeria not on Barrick Gold’s “target list” despite minister’s enthusiasm for talks
BARRICK Gold hadn’t put Nigeria on its “target list”, according to a company spokeswoman responding to comments by the West African country’s mines minister that the Canadian…
Sudan doubles gold output in 2021 after clamp down on gold smuggling
A CLAMP down on gold smuggling helped Sudan double gold output in the first half of 2021, said Bloomberg News citing a Sudanese Mineral Resources Company representative. The…