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Gold price down after upheaval in TurkeyGold prices declined on Monday after two weeks of gains that partially reversed ...
24/03/2021

Gold price down after upheaval in Turkey

Gold prices declined on Monday after two weeks of gains that partially reversed some of bullion’s dismal performance at the start of the month.

Spot gold slipped 0.2% to $1,737.52 per ounce by 11:45 a.m. EST, while gold futures fell 0.4% to $1,733.90 per ounce in New York.

Source : Mining.com

Small scale gold miners from Africa produce best quality gold ore and gold bars from the deepest and finest mines across...
11/03/2021

Small scale gold miners from Africa produce best quality gold ore and gold bars from the deepest and finest mines across African continent and beyond. We offer finished products from the mines through the refineries. Highest purity and carat.Kindly inbox or whats App for more information.

Congo bans mining in south kivu , after gold rushgold rush drawing thousands to a village in Congo’s South Kivu province...
08/03/2021

Congo bans mining in south kivu , after gold rush

gold rush drawing thousands to a village in Congo’s South Kivu province has driven authorities to ban mining there until more oversight is established, the provincial mines minister said on Thursday.

The discovery of gold-rich ore in Luhihi in late February brought throngs of diggers to the site, South Kivu Mines Minister Venant Burume Muhigirwa said, putting pressure on the small village around 50 km (30 miles) from the provincial capital, Bukavu.

Subsistence mining – extracting minerals with rudimentary tools – is common across Democratic Republic of Congo, and the “artisanal” gold mining is especially widespread in the gold-producing east and northeast of the country.

Miners, traders and members of Congo’s armed forces (FARDC) were required to leave the mine sites in and around Luhihi and all mining activities were suspended until further notice, a decree dated on Monday and confirmed by Muhigirwa, said.

The presence of FARDC at the mine sites – prohibited under Congo’s mining code – contributed to the “disorder” at the decree said.

Muhigirwa said the mining suspension would allow authorities to identify the miners and ensure they are properly registered with artisanal mining regulators.

Order must be re-established in mining activities in Luhihi “not only to protect lives but also to ensure the traceability of the gold produced in line with Congolese law,” the decree said.

Gold production in the Congo is systematically underreported and tonnes of the precious metal are smuggled into global supply chains through its eastern neighbours, the U.N. Group of Experts on the Congo reported last year.
Newsletter

02/03/2021

It is in Birava,South Kivu province in Democratic Republic of Congo, that a mountain covered with gold was discovered. How blessed and rich a country.

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