Chamber of Mines backs GoldBod’s local refinery, pledges large scale mining support
Engineer Dr. Kenneth Ashigbey,CEO of the Chamber Of Mines Chief Executive Officer of the Ghana Chamber of Mines
The CEO of the Chamber Of Mines Chief Executive Officer of the Ghana Chamber of Mines, Engineer Dr. Kenneth Ashigbey has expressed commitment to supporting GoldBod’s local refinery by ensuring the involvement of large scale Mining companies.
According to Engineer Dr. Kenneth Ashigbey, the chamber of mines supports the idea of refining gold in Ghana, hence its decision to engage Gold Coast Refinery, the Ghana Gold Board and Rand Refinery in a bid to acquire the London Bullion Market Association’s (LBMA) accreditation to ensure product purity and ethical sourcing.
The CEO was speaking at a ceremony to sign a gold refinery agreement between the Ghana Gold Board, Rand Refinery and the Gold Coast Refinery.
“As a chamber, we are committed to refining gold in Ghana -something that we are committed to. And this commitment is not only just a talk. Rand Refinery will tell you that the chamber has engaged, Gold Coast Refinery will tell you that we’ve been there, we also were at the Royal Refinery as well’’ Dr. Kenneth Ashigbey indicated.
The solution that we thought we require to ensure LBMA accreditation happens in Ghana here is this journey that we have begun today.
We believe that definitely if the gold that the GoldBod was getting, was getting into other refineries that were not LBMA accredited, then we could use that gold to get the stock that the Gold Coast Refinery and other refineries will be able to start the process,” he stated
The Ghana Gold Board (GoldBod) on Tuesday, January 20, signed a landmark gold refining agreement with Gold Coast Refinery, marking a major step towards deepening value addition within Ghana’s gold sector.
The partnership seeks to reduce Ghana’s long-standing reliance on exporting raw gold, a practice that has historically led to significant revenue losses that could otherwise be captured through domestic refining and downstream processing.
Under the agreement, gold sourced from both artisanal and large-scale mining operations will be refined locally for trade and export, bolstering Ghana’s position along the global gold value chain.
The Gold Coast Refinery was established to promote growth in Ghana’s gold industry and support government macroeconomic management efforts. Its main purposes include Processing raw gold dust, scrap gold, and other precious metals to achieve high purity levels (up to 999.9, support Ghana’s goal to locally process 30% of its gold, currently one of the top 10 gold-producing countries, provide services like assaying, smelting, refining, vaulting, transportation, and export of refined gold among others.
Source: Ghana/otecfmghana.com
