Gold

The allure of gold has long dazzled investors; it's the ultimate symbol of wealth and a steadfast safe-haven asset. This year, it has continued to shine, reaching unprecedented highs. But why, you ask, has gold captured so much attention in 2023? On a calm morning at exactly 6:30 a.m. ET, spot gold saw a notable increase of 0.4%, climbing just over the remarkable $3,001 per ounce mark. Such a milestone raises questions about what fuels this glittering rally? Investors are increasingly seeking refuge in…

Since its independence from British colonial rule in 1957, Ghana has orchestrated a remarkable symphony of progress in various sectors. The gold mining industry plays a pivotal role, contributing significantly to the country’s economy. But what trajectory has it taken over the decades, and what does it suggest about the country's future? Today, Ghana stands tall as Africa’s leading gold exporter. This accolade has become both a blessing and a burden, as economic growth often shadows…

Mali's Mining Landscape: An Era of Reform and Reflection As Mali's Council of Ministers announced, there is a newly imposed halt on the issuance of artisanal mining permits to foreigners. This measure stands amidst ongoing investigations prompted by a recent, heart-wrenching mining calamity. A stark reality looms over us: how do we balance economic pursuits with the sanctity of human lives? This thoughtful pause is an aftermath of a catastrophic mining accident just a month ago. A tragedy that took over 40…

MINNEAPOLIS, Minn (AX) — Thieves orchestrated an audacious heist at Southdale Center in Edina, making off with a whopping $700,000 in gold from Gift Jewelers. The shop owner, Omar Mahamud, is reeling from the hit, while detectives are trying to unravel this near-perfect crime. Barely had the store closed its doors for the night, when at around half-past eight, sounds of drilling echoed — captured by surveillance. The crooks carved their path through a nearby bathroom wall, then sliced through the barriers to the jewel…

In a tragic incident at a historic gold mine in Colorado, one person lost their life while 23 others were successfully rescued after a lift failure stranded them underground for several hours. This unfortunate event unfolded during the popular Mollie Kathleen Gold Mine Tour, where visitors descend about 300 meters into the earth, deep within the western US state. The Teller County Sheriff's Office reported that 11 individuals, including two children, found themselves confined in the lift when the malfunction occurred. As a…

At the 2024 Paralympic Games, a remarkable accomplishment unfolded as ten African nations stood proudly on the podium, collectively clinching a total of 23 gold medals across eight countries. This achievement highlights the growing prowess of athletes from the continent in various sporting disciplines. On this grand stage, Morocco distinguished itself as the standout performer, amassing an impressive haul of 15 medals. Yet, it was Algeria that stole the spotlight with a remarkable six golds, marking its dominance in the…

ISIS Somalia Branch Bolsters Operations with Gold Sales, Reeling in Up to $6 Million AXADLE, Somalia — Nestled in the rugged northeastern Bari region, the Islamic State's Somalia faction has found a lucrative gig — hawking locally mined gold, according to various accounts. Since 2022, these golden ventures have lined the group's coffers to the tune of an estimated $6 million, the International Crisis Group reports. The gold trade orchestrated by ISIS-Somalia shines a light on not just their economic maneuvers but also their…

"Kenya: when green gold threatens elephant survival".…

Tunisia's Ahmed Hafnaoui won the gold medal in the 400 m freestyle at the Tokyo 2021 Olympics, the first African title at the Olympics, on July 25. The 18-year-old swimmer created a huge surprise and already gave Tunisia a second charm. Tunisia will definitely strike a blow at the start of the Tokyo 202 Olympics. After Mohamed…

This is one of the effects of Sudan's return to the international scene, mining companies flock there to invest in gold and copper in particular. On June 17, the government granted nine mining concessions, eight for gold and one for copper. Companies from all over the world can now invest without worries since the lifting of US sanctions.…