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We publish some of the latest news, updates and thoughts regarding mining in East and Central Africa. Do you wish to contribute or point out a mismatch in our information? Please contact us. Contact Us Now→
What is Raw Gold?
Raw gold is any gold alloy in its natural state. Because raw gold is a natural substance, it is not pure gold, but rather a high gold content precious metal alloy.Gold nuggets, gold flakes, and gold dust are types of raw gold. Most raw gold averages eighteen karats (18K) or 750 parts per 1000 in purity. Raw gold is a naturally formed high gold content precious metal alloy. The composition of this alloy is a large percentage of gold combined mostly with silver, copper, and lead. Also, there may be other metals, but in much smaller proportions. Silver, gold, copper, and lead are highly related metals. They are all mining by-products of each other.
How To Identify Gold
As technology advances, the gold counterfeiters find more sophisticated ways to produce fake gold, making it very difficult to spot and avoid fake gold products. Experts try to stay ahead of the game by finding solutions on how to identify the fake gold. We cover some here.Real gold is a very rare and valuable metal. Because it is so rare, finding large pieces of gold in nature is unusual. However, you might be able to find smaller pieces of gold inside of rocks like quartz. Raw gold has a smooth, bumpy texture, caused as the gold tumbles through rivers and streams. When you set it in your palm and set a rock of equal size next to it, the real gold feels substantially heavier.
Investing in Gold: 10 Facts You Need to Know
Gold tends to do well in times of trouble. Well, thanks to the coronavirus pandemic putting the global economy on lockdown, investors have trouble in spades.With gold prices climbing back toward all-time highs, you might be tempted to add some to your portfolio. Many investors already have. Sales of gold-backed exchange-traded funds have set records this year, with net inflows of $23 billion in the first quarter. And gold has delivered solidly positive returns during this bear market in stocks. But pouring a chunk of your assets into gold isn't always a good idea. In fact, gold has a spotty long-term record as an investment.
A beginner's guide to investing in gold
Gold is the ultimate insurance policy - an essential part of your portfolio. Here's how to invest in it.Gold can be a very useful way to diversify your portfolio. It's relatively rare, and its value often doesn't move in line with other assets such as equities or property. MoneyWeek, consistently says that gold provides insurance for your portfolio, and we believe that most people should probably allocate around 5%-15% of their portfolios to gold or gold-related investments. So the follow-up question is: how should you invest in gold?
Buhweju artisanal miners demand licenses from government
Miners write petition to Parliament committee following eviction from fields as scramble for minerals hits upArtisanal miners from Buhweju district in western Uganda are seeking licenses to explore gold, following their eviction from the fields by the Mineral Protection Unit. In their petition to Parliament’s Committee on Natural Resources on Friday, the miners under their umbrella body, Uganda Association of Artisanal Small-Scale Miners argued that mining is the biggest source of livelihood in Buhweju.The Chairperson of the Association, John Bosco Bukya told the committee members that the artisanal miners are ready to start legal operations because they are organised and have been mining gold since 1918.
Ministry of Energy to resettle Buhweju artisan miners
Just after one month of evicting them, the Ministry will resettle artisan and small-scale minersThe Ministry of Energy and mineral development evicted artisan miners will resettle artisan and small-scale miners-ASMs a month after they were evicted. Last month, the mineral police unit evicted the miners on grounds that they engaged into illegal mining in areas which had been licensed for exploration to Hubel Jiu-Zhou Geological Exploration Company Limited, a Chinese company.
Ugandan gold miners exported 8,000kgs but declared only 16kgs
Just after one month of evicting them, the Ministry will resettle artisan and small-scale minersThe Ministry of Energy and mineral development evicted artisan miners will resettle artisan and small-scale miners-ASMs a month after they were evicted. Last month, the mineral police unit evicted the miners on grounds that they engaged into illegal mining in areas which had been licensed for exploration to Hubel Jiu-Zhou Geological Exploration Company Limited, a Chinese company.
Are we doing enough for the safety of female miners?
The challenges facing women miners in Africa and how we can make their stories betterThe mining industry may be dominated in numbers by male miners and few may be aware of the challenges facing female mine workers. A recent report on the death and rape of a female mine workers has however placed the spotlight on the plight of the female mine worker and recognized the importance of implementing measures to enhance the safety of our women in mining.
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