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Gold-producing countries in Africa

The Top Five Gold-Producing Countries in Africa in 2023

Investing
  • Ghana has regained its position as Africa’s top gold producer, with a remarkable 32 per cent increase in production of the mineral in 2022.
  • South Africa’s gold production has seen a year-on-year increase of 2.2 per cent as of October 2023.
  • In 2022, crisis-saddled Sudan’s gold production was reported at 50,000.000kg.

An in-depth exploration of the top five gold-producing countries in Africa in 2023, analyzing their production statistics, mining operations, and the level of political stability in each country.

Welcome to a comprehensive exploration of the top gold-producing countries in Africa. The continent, known for its rich mineral resources, has several nations contributing significantly to the global gold market. This article delves into the gold production statistics, major mining operations, and the political stability of the top five gold-producing countries in Africa as of 2023.

Gold-Producing Countries in Africa

  1. Ghana: Regaining the Top Spot
  2. South Africa: A Major Player in
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Gold in burkina faso Gold in Mali

Why West Africa is becoming a hub for conflict minerals

Countries
  • Corruption, inadequate mining laws, and crackdowns on artisanal gold miners are fueling trade in conflict minerals.
  • Cut-throat competition for control of the profitable mineral is to blame for killings and exploitation of people.
  • Armed groups in Burkina Faso, Mali, and Niger are terrorizing gold-mining communities by levying taxes in the pretext of offering protection.

West Africa is becoming a hub for the trafficking of conflict minerals partly because of rampant corruption, inadequate mining laws, and ongoing crackdowns on artisanal and small-scale gold mining (ASGM) operations.

Conflict minerals, which are mostly linked to gold rush, are fanning instability in political, economic, environmental, social, and security spheres of populations in West Africa.

Conflicts in mining zones are on the rise in gold-rich Mali and Burkina Faso and parts of Chad. This as competition for control of the profitable mineral fuels killings and exploitation of poor populations.

Gold mining has been a significant

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