Top 10 Gold Producing Countries in Africa 2024
gold-producing-countries Africa is known for it’s gold producing countries, with numerous countries having various gold reserves. As a gold investor, understanding the top gold-producing countries in Africa is a key point for making informed decisions. goldbuyersafrica, based in Uganda, is dedicated to supporting investors in navigating the African gold market. We will explore the top 10 countries for gold supply in Africa, providing valuable insights into each country’s gold production, export procedures, pricing, security, and more.
Top 10 Gold Producing Countries In Africa 2024
UGANDA:
Uganda is a growing gold producer with the Karamoja region being the most gold-mining area. goldbuyerafrica is based in Uganda and is dedicated to helping buyers source gold from reputable dealers in Africa. Uganda is among the Top 10 gold producing countries in Africa 2024.
SOUTH AFRICA:
As the continent’s largest gold producer, South Africa has been at the forefront of gold mining for over a century. The country’s Witwatersrand Basin is one of the world’s largest gold deposits, accounting for over 2.5 billion ounces of gold.
GHANA:
Ghana is Africa’s second-largest gold producer, with the Obuasi mine being one of the oldest and largest gold mines in the country. Ghana’s gold industry has played a significant role in the country’s economy, with gold exports accounting for over 40% of total exports.
MALI:
Mali is the third-largest gold producer in Africa, with the Sadiola and Loulo mines being two of the largest gold mines in the country. Mali’s gold industry has contributed significantly to the country’s economic growth, with gold exports accounting for over 70% of total exports.
DEMOCRATIC REPUBLIC OF CONGO:
The Democratic Republic of Congo is among gold producing countries, with the Kibali and Kamoa-Kakula mines being two of the largest gold mines in the country. The country’s gold industry has faced challenges, but it remains a vital contributor to the economy.
TANZANIA:
Tanzania is one of the gold producing countries, with the Bulyanhulu and Buzwagi mines being two of the largest gold mines in the country. The country’s gold industry has contributed significantly to the economy, with gold exports accounting for over 30% of total exports.
BURKINA FASO:
Burkina Faso is a significant gold producing, with the Essakane and Houndé mines being two of the largest gold mines in the country. The country’s gold industry has contributed significantly to the economy, with gold exports accounting for over 20% of total exports.
GUINEA:
Guinea is a significant gold producer, with the Siguiri and Lefa mines being two of the largest gold mines in the country. The country’s gold industry has faced challenges, but it remains a vital contributor to the economy.
NAMIBIA:
Namibia is a significant gold producer, with the Navachab and Otjikoto mines being two of the largest gold mines in the country. The country’s gold industry has contributed significantly to the economy, with gold exports accounting for over 15% of total exports.
SUDAN:
Sudan is a significant gold producing, with the Hassai and Ariab mines being two of the largest gold mines in the country. The country’s gold industry has faced challenges, but it remains a vital contributor to the economy.
SOME AFRICAN COUNTRIES WITH A SPECIFIC GOLD PRODUCTION AND EXPORT:
South Africa: 139.9 tons (2020)
Ghana: 138.7 tons (2020)
Mali: 71.4 tons (2020)
Burkina Faso: 62.3 tons (2020)
Uganda: 14.4 tons (2020)
Democratic Republic of Congo: 57.9 tons (2020)
Côte d’Ivoire: 32.6 tons (2020)
Tanzania: 48.9 tons (2020)
Guinea: 30.4 tons (2020)
Zimbabwe: 27.6 tons (2020)
SOME OF THE GOLD MINING METHODS AND QUALITY IN AFRICA:
Open-pit and underground mining
Artisanal and small-scale mining (ASM)
Gold quality ranges from 18-24 karats
GOLD PRICING AND PAYMENT TERMS USED IN AFRICA.
London Bullion Market Association (LBMA) prices
Cash and wire transfers
DOCUMENTS REQUIRED WHEN EXPORTING GOLD FROM AFRICA.
Export permits
Commercial invoices
Packing lists
Certificates of origin and authenticity
GOLD AUTHENTICITY AND CERTIFICATION IN AFRICA:
Hallmarking and stamping
Assaying and refining
Certification from recognized laboratories
SECURITY AND INSURANCE IN AFRICA
Secure storage facilities
Insurance coverage for gold shipments
LOCAL GOLD MARKETS AND TRADING:
Physical gold markets
Online trading platforms
COMPLIANCE WITH INTERNATIONAL STANDARDS.
Kimberley Process Certification Scheme (KPCS)
Responsible Minerals Initiative (RMI)
DUE DILIGENCE ON SUPPLIERS IN AFRICA:
Background checks
Site visits and audits
Reference checks
LOGISTICS AND TRANSPORTATION OPTIONS AVAILABLE IN AFRICA.
Air and land transportation
Secure storage facilities
Customs clearance services
Africa offers a wealth of gold sourcing opportunities, with each country presenting unique advantages and challenges. Our company, goldbuyersafrica, is committed to guiding investors through the complexities of gold sourcing in Africa. With expertise in the African gold market, we ensure a seamless and secure gold sourcing experience. Contact us today to explore the opportunities awaiting you in Africa’s gold market. Top 10 gold producing countries in Africa 2024.