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East Africa gets a second gold refinery

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Geza Ulole, May 6, 2010.

  1. G

    Geza Ulole JF-Expert Member

    #1
    May 6, 2010
    Joined: Oct 31, 2009
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    6th May 10
    East Africa gets a second gold refinery

    The Guardian Reporter

    While Tanzania remains undecided about building a gold refinery, the East African region boast to have a second such facility after Uganda installed one recently.
    The USD 1.5m refinery was installed by Russians and is the first of its kind in the Great Lakes region, underscoring the Ugandan government's efforts to ensure valued-addition on all commodities produced.
    Uganda becomes the second country in the region to build such factory after the Russians had installed another one in Nairobi, Kenya last year. Kenya does not have a gold mine, neither has it discovered deposists.
    Victoria Gold Star, based in Fifth Industrial area in Kampala, can refine 60 kilogrammes of gold daily.
    "When the supply of gold that requires refining increases, we shall also increase the plant processing facility," Bogoroditskiy Yuri, the boss, said at the launch this week.
    "We shall be able to purchase raw gold, refine it here and export it as a finished product made in Uganda, which in return will fetch more money," he said.
    The new plant comes at a time when gold deposits have been confirmed in Busia, Bushenyi, Mubende and Karamoja, according to a geophysical survey conducted last year.
    Occurrences of gold have also been found in West Nile, Kitgum, Mbale, Jinja, Hoima, Rukungiri, Kisoro, Kabale, Kibaale and Kabarole.
    A mineral deposit means that extensive exploration has been done and the quantities determined, whereas a mineral occurrence means the mineral has been seen but not quantified.
    Uganda has only two gold mines in Busia and Mubende, leaving huge potential for investors to venture into mineral development and production.
    Asked if there was enough gold to sustain the operations of the refinery, Yuri replied: "We shall also refine gold from Uganda and neighbouring countries like the Democratic Republic of Congo."
    He added: "What we are trying to do is to legalise trade in gold. We shall require import and export licence for the gold that we shall refine."
    Peter Lokeris, the state minister for mineral development, urged miners, mineral dealers and goldsmiths in Uganda and the region to use the facility to add value to gold so as to earn better income.
    "The refinery will make an important contribution to support the development of the mining sector and national economy."
    Lokeris explained that the Government put in place a mineral policy aimed at boosting the mining sector through promoting private sector participation, adding value to mineral ores and increasing mineral trade.
    Uganda, Kenya, Tanzania, Burundi, Rwanda and the Democratic Republic of Congo take raw gold to South Africa for refining, which has made them lose huge amounts of money.
    The improving global economy and historically low central bank sales have boosted gold prices. Gold sales rose to $480 from $431 per ounce last year.
    In Tanzania there were efforts to build a refinery in 2004 by the central bank incorporating Mwananchi Gold company, but the plans were shelved.
    Tanzania is leading in the region with many gold mines, which only represent 4 per cent of the country’s deposits. It is number four in Africa in terms of gold production, after South Africa, Ghana and Mali. Most of its raw gold concentrates are exported to Japan and China for processing.


    THE GUARDIAN
    http://www.ippmedia.com/frontend/functions/print_article.php?l=16378
     
  2. G

    Geza Ulole JF-Expert Member

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    Since we r sleepin we advocate the theft of our gold and its sand by individuals who dont wanna see that being exported to SA and those who don't wanna see refined at home to create a loophole for their deeds
     
  3. M

    Magezi JF-Expert Member

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    Kumbuka pamoja na Mkapa kuwa mwizi lakini ndo lilikuwa lengo la Mwananchi gold, ufisadi wa CCM na ujinga wa Kikwete umekwamisha mradi ule kwani majengo yapo na baadhi ya machine zipo lakini mtaji uliliwa kati ya CCM na NDC.

    Nawambia bila kuiondoa CCM na mapaka yake Tanzania haita kuja pata maendeleo hata kidogo. Ni hadith tu kila kukicha.
     
  4. RRONDO

    RRONDO JF-Expert Member

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    ndio maana majirani wanatucheka,why would kenyans build a gold refinery without having a gold mine?
     
  5. p

    pareto 8020 Member

    #5
    May 6, 2010
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    While Tanzania remains undecided about building a gold refinery, the East African region boast to have a second such facility after Uganda installed one recently.
    The USD 1.5m refinery was installed by Russians and is the first of its kind in the Great Lakes region, underscoring the Ugandan government's efforts to ensure valued-addition on all commodities produced.
    Uganda becomes the second country in the region to build such factory after the Russians had installed another one in Nairobi, Kenya last year. Kenya does not have a gold mine, neither has it discovered deposists.
    Victoria Gold Star, based in Fifth Industrial area in Kampala, can refine 60 kilogrammes of gold daily.
    "When the supply of gold that requires refining increases, we shall also increase the plant processing facility," Bogoroditskiy Yuri, the boss, said at the launch this week.
    "We shall be able to purchase raw gold, refine it here and export it as a finished product made in Uganda, which in return will fetch more money," he said.
    The new plant comes at a time when gold deposits have been confirmed in Busia, Bushenyi, Mubende and Karamoja, according to a geophysical survey conducted last year.
    Occurrences of gold have also been found in West Nile, Kitgum, Mbale, Jinja, Hoima, Rukungiri, Kisoro, Kabale, Kibaale and Kabarole.
    A mineral deposit means that extensive exploration has been done and the quantities determined, whereas a mineral occurrence means the mineral has been seen but not quantified.
    Uganda has only two gold mines in Busia and Mubende, leaving huge potential for investors to venture into mineral development and production.
    Asked if there was enough gold to sustain the operations of the refinery, Yuri replied: "We shall also refine gold from Uganda and neighbouring countries like the Democratic Republic of Congo."
    He added: "What we are trying to do is to legalise trade in gold. We shall require import and export licence for the gold that we shall refine."
    Peter Lokeris, the state minister for mineral development, urged miners, mineral dealers and goldsmiths in Uganda and the region to use the facility to add value to gold so as to earn better income.
    "The refinery will make an important contribution to support the development of the mining sector and national economy."
    Lokeris explained that the Government put in place a mineral policy aimed at boosting the mining sector through promoting private sector participation, adding value to mineral ores and increasing mineral trade.
    Uganda, Kenya, Tanzania, Burundi, Rwanda and the Democratic Republic of Congo take raw gold to South Africa for refining, which has made them lose huge amounts of money.
    The improving global economy and historically low central bank sales have boosted gold prices. Gold sales rose to $480 from $431 per ounce last year.
    In Tanzania there were efforts to build a refinery in 2004 by the central bank incorporating Mwananchi Gold company, but the plans were shelved.
    Tanzania is leading in the region with many gold mines, which only represent 4 per cent of the country’s deposits. It is number four in Africa in terms of gold production, after South Africa, Ghana and Mali. Most of its raw gold concentrates are exported to Japan and China for processing.

    SOURCE: THE GUARDIAN
    ===============================================================

    Tanzania ni moja ya top 5 gold producers barani Afrika, (ikiwa nyuma ya Afrika ya Kusini, Ghana, Zimbabwe,na pengine Mali).

    Kilio cha muda mrefu Tanzania kiwekuwa juu ya process ya value addition ya gold yetu kufanyikia nje ya nchi (kisa cha madege kusomba mchanga toka migodini na kuupeleka Japan na kwingineko).

    Value addition inapofanyikia nje, inatunyima mapato na pia inatoa mwanya wa kuibiwa..kwani as long as kinachochukuliwa ni mchanga....takwimu halisi ya kilichopatikana ili kilipiwe royalty na kodi itategemea na hisani ya huyo mwekezaji kuwa mkweli au la..

    Jirani zetu Kenya na Uganda, japo hawana migodi ya dhahabu, wameamua kuwekeza katika mitambo ya value addition ya gold, wakijua wana soko kutoka two giant neighbours waliolala usingizi TZ na DRC.

    We need to wake up......
     
  6. G

    Geza Ulole JF-Expert Member

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    ofcourse to refine your gold!
     
  7. U

    Ubungoubungo JF-Expert Member

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    US dollar 1.5 million ni ndogo sana, mimi mwenyewe nikiamua naweza kujenga iyo kitu kwa pesah iyo. hivyo hili lisiwe suala la kuumiza moyo.
     
  8. B

    Bulesi JF-Expert Member

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    The Kenyans have learnt through experience that they can prosper at the expense of sleeping Tanzania; they are selling Tanzanite from their country without having Tanzanite mines and now using the same trick they will be refining gold without owning gold mines!! Wajinga ndio waliwao; hayo ndio matunda ya kupeleka vilaza wenye degree feki kutuwakilisha kwenye bunge la Afrika Mashriki.
     
  9. f

    fredpion Member

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    May 10, 2010
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    :target:
     
  10. s

    smilingpanda Member

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    yaanoi nakwambia hii nchi yetu basi tena,itafika kipindi ukiwa nje ya nchi hutaki hata kuitwa mtanzania,kwa jinsi tunavyoonekana majendaheka na serikali yetu.
     
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