Ghana Has Best Small-Scale Mining Architecture
The Chief Executive Officer (CEO) of Rand Refinery, Praveen Baijnath, has praised Ghana for its efforts when it comes to the Small-Scale Mining sector, particularly the architecture.
According to him, Ghana has made significant strides towards the regularization of the mining sector, and that the efforts by Ghana are commendable.
At a meeting held at the Lands and Natural Resources Ministry, in Ghana’s quest to obtain the London Bullion Market Association (LBMA) Certification, Mr.Baijnath said the association will choose the West African country, if it comes to partnering any African country, to bring on board gold from Artisanal Small-Scale Mining.
The Head Source, Rand Refinery Business Development, Jason Mcpherson, on his part, explained the need to have the LMBA accreditation, saying “it is critical in order to deliver products to the over-the-counter market at a suitable gold price.”
He added that LBMA is the solution to increasing the value chain, which will enhance liquidity.
The meeting held yesterday, November 2, was facilitated by the Deputy Minister for Lands and Natural Resources responsible for Mines, George MirekuDuker, with key Private Sector stakeholders on the need to collaborate with the management of Rand Refinery, South Africa, to obtain the LBMA Certification.
The various stakeholders present expressed their satisfaction in the LMBA certificate acquisition and the technical support offered by the Rand Refinery.
Representatives from the Ghana National Association of Small-Scale Miners, Chamber of Mines, Gold Coast Refinery, Exporters and Bank of Ghana (BoG) attended the meeting.
Rand Refinery was established in 1920 to refine gold within South Africa, which hitherto had been refined in London.
Ghana is constructing a world class gold refinery located on the premises of the Precious Minerals Marketing Company (PMMC) in the national capital, Accra.
The refinery, known as the Royal Ghana Gold Refinery, whose construction began in 2019, has the capacity to refine from 300 to 500 kilograms per a day, through chemical and electrical methods.
Some of the facilities available at the refinery are the Control room, the Scanner, the Refinery section, which has the Electrolysis machine, the Moulding room and the Assay laboratory.
Royal Ghana Gold Refinery is expected to be commissioned by President Akufo-Addo at a yet-to-be-announced date.