مقاله زبان اصلی استخراج طلا در آفریقا

نامه الکترونیک چاپ PDF

A sales clerk shows a new collection of gold ornaments at a shop in Lianyungang city, Jiangsu province. An executive of Qingdao Kingking Group said the company and a trading firm from Anhui province are considering buying a gold mine in Mozambique. [Wang Chun / For China Daily] Candle maker plans to invest $100 m to explore gold, copper sources in world BEIJING - Qingdao Kingking Group, the second-largest candle maker in the world, plans to invest $100 million to develop gold and copper mines across the world in the next three years, according to a top company executive. "As part of an expansion plan, the company, together with a trading company from Anhui province, is looking at buying a gold mine in Mozambique," said Huang Bao'an, administrative vice-president of Kingking Group. The mine occupies more than 100 square kilometers.

 

 

 

A sales clerk shows a new collection of gold ornaments at a shop in Lianyungang city, Jiangsu province. An executive of Qingdao Kingking Group said the company and a trading firm from Anhui province are considering buying a gold mine in Mozambique. [Wang Chun / For China Daily]

Candle maker plans to invest $100 m to explore gold, copper sources in world
BEIJING - Qingdao Kingking Group, the second-largest candle maker in the world, plans to invest $100 million to develop gold and copper mines across the world in the next three years, according to a top company executive.
"As part of an expansion plan, the company, together with a trading company from Anhui province, is looking at buying a gold mine in Mozambique," said Huang Bao'an, administrative vice-president of Kingking Group. The mine occupies more than 100 square kilometers.
"A lot of energy projects in Africa are in the hands of European companies," Huang said. "But because of the spreading European debt crisis, many European companies find themselves in difficulties and are looking at halting or withdrawing their investments. This has given Chinese businesses huge opportunities to invest abroad and develop natural resources.
"Kingking is one of them that is looking to take advantage of the opportunities."
The Mozambique gold mine was once owned by a Portuguese company, and Kingking's partner in Anhui province has obtained development rights from the Mozambique government.
The two companies agreed to exploit the mine together. Kingking is to provide the technology to be used in the venture and recently sent a team to examine the mine.
"It's a nice mine, and we still want to do research before we present an offer for a deal," Huang said.
'Beyond the mines in Mozambique, Kingking is looking at similar sources of gold and copper in South Africa and other parts of Africa," he said.
In January 2009, Kingking bought oil fields occupying 9 sq km from the State of Oklahoma in the United States, marking the first time a Chinese company has bought oil fields in that country.
"The move helped us expand upstream and get a stable supply of raw materials for making candle products," Huang said.
After the deal, the company purchased six oil fields occupying 290 sq km in the US states of Texas and Louisiana. The six fields contain reserves equal to 600 million barrels of crude oil and 15 billion cubic meters of natural gas.
"Our success (in brokering deals in the US) stems from the global financial crisis, which led to financial troubles for energy-investment companies and also forced the US government to loosen investment restrictions on energy deals," Huang said.
Chen Suobin, chairman of Kingking Group, was recently quoted by the China Business News as saying that the company plans to concentrate especially on the development of gold mines.
In November, the company announced a plan to buy 80 percent of the shares of Rushan Daye Gold Mine in Shandong province, which owns 16 gold mines.
In March, Kingking began working with a research institute from Baoding in Hebei province, to learn more about gold mines in the province.
Besides its overseas energy business, the company is committed to expanding its candle business, Huang said.
"We aim to achieve a steady double-digit growth rate for the candle business while the domestic business chain is expanding," he said.
The largest candle maker in China, Kingking has worked for many years with some of the largest chain retailers in the world, including Wal-Mart Stores Inc, Carrefour SA and Inter Ikea Systems BV. It sells the majority of its products overseas and more than 60 percent of its exports carry the Kingking brand.
About 80 percent of the company's exports go to the US and European Union. The rest go to markets in Asia.
The company began to sell its products in China a few years ago. The company has now set up a network of more than 100 stores across the country and domestic sales make up from 5 to 10 percent of its total sales.
In the next five years, Kingking will open 1,000 stores in China and they are expected to generate 2 billion yuan ($317.7 million) worth of extra sales.
Read full article here

NAIROBI/HARARE, Jan 17 2014 (IPS) - With its two-trillion-dollar economy, recent discoveries of billions of dollars worth of minerals and oil, and the number of investment opportunities it has to offer global players, Africa is slowly shedding its image as a development burden. 

“While global direct investment has shown some decline, dropping by 18 percent in 2012, in Africa foreign direct investment rose by five percent,” Ken Ogwang, an economic expert affiliated with the Kenya Private Sector Alliance (KEPSA), which has a membership of over 60 businesses, told IPS.

“Underhand dealings in the mining of diamonds and other rich minerals here have fuelled poverty.” -- economic analyst, Jameson Gatawa

Since 2012, Kenya has made a series of mineral discoveries, including unearthing 62.4 billion dollars worth of Niobium – a rare earth deposit. The discovery in Kenya’s Kwale County has made the area among the world’s top five rare earth deposits sites, and allows Kenya to enter a market that has long been dominated by China.

In 2012, Kenya discovered 600 million barrels of oil reserves in Turkana county, one of the country’s poorest regions. It was announced on Jan. 15 that two more wells struck oil, increasing estimate reserves to one billion barrels of oil.

But Kenya, East Africa’s economic powerhouse, is not the only African nation that has made fresh mineral discoveries.

“The recent boom in new mining discoveries in countries such as Niger, Sierra Leone and Zambia will attract billions in foreign direct investments. Other countries like Mozambique, Tanzania and Uganda will similarly attract billions due to petroleum discoveries there,” Antony Mokaya of the Kenya Land Alliance, a local umbrella network of NGOs and individuals working on land reforms, told IPS.

Last year, both Uganda and Mozambique discovered oil. In 2006, an estimated two billion barrels of oil reserves were discovered in western Uganda, but last year’s discovery brings Uganda’s total oil deposits to 3.5 billion barrels. Mozambique’s first oil discovery last year is estimated to be 200 million barrels.

Ogwang predicts that these discoveries will soon see African countries dominating the list of the 15 fastest-growing economies in the world.

“More African countries, Kenya being a model example in East Africa, now favour a market-based economy, which is highly competitive and the most liberal economic system.

“In this system, market trends are driven by supply and demand with very few restrictions on who the actors are. [It is] a favourable environment for foreign investors,” he said, referring to the local mobile phone industry, which has been dominated by foreign investors because of its favourable regulatory policies.

“As a result, growth in this sector is phenomenal. In the first 11 months of 2013, Kenya’s mobile phone money transactions were 19.5 billion dollars, which is more than the country’s current 18.4-billion-dollar national budget.”

Ogwang says that even more importantly, African countries are increasingly strengthening their partnerships with the East.

Statistics by the Africa Economic Outlook, which provides comprehensive data on Africa economies, show that China is the largest destination for African exports, accounting for a quarter of all exports.

Trade with Brazil, Russia, India and China – the economic bloc referred to as BRICs – now accounts for 36 percent or 144 billion dollars of Africa’s exports, up from only nine percent in 2002.

In comparison, Africa’s trade with the European Union and the United States combined totals 148 billion dollars.

But Terry Mutsvanga, director of the Coalition Against Corruption, an anti-corruption lobby group in Zimbabwe, cautioned that Africa will first have to rein in its corrupt politicians before its resources can enrich its own people.

According to the World Bank, some of the world’s poorest people live in Africa, with one out of two Africans living in extreme poverty.

“Without Africa dealing with the cancer of political corruption blighting the continent and robbing it of revenue from mineral resources through corrupt politicians receiving bribes from investors … the continent shall [continue to have] the worst poverty levels globally,” Mutsvanga told IPS.

Independent economic analyst Jameson Gatawa from Zimbabwe agreed.

“Underhanded dealings in the mining of diamonds and other rich minerals here have fuelled poverty. The rich are getting richer with the poor becoming poorer,” Gatawa told IPS.

For 54-year-old Sarudzai Mutavara, a widow who lives in the midst of Zimbabwe’s Marange diamond fields, poverty remains a daily reality.

Zimbabwe is one of the world’s top 10 diamond producers. But six out of every 10 households in Zimbabwe, a country of about 13 million people, are living in dire poverty. This is according to a 2013 poverty assessment report by the Zimbabwe National Statistics Agency.

“Here in Marange, the diamond wealth has not [helped] in any way to change our lives for the better, but rather for the worse as we have strayed further into poverty,” Mutavara told IPS.

The Democratic Republic of Congo (DRC) is another African country rich in diamonds, with its mineral wealth estimated in the trillions of dollars. But according to the United Nations, about 75 percent of its people live below the poverty line.

More than half of these have no access to drinking water or to basic healthcare. Three out of every 10 children are poorly nourished, with up to 20 percent of them predicted to die by the age of five.

While Ogwang says Africa’s best economic years are yet to come, it remains to be seen if the billions of dollars Africa has in natural resources will trickle down to people like Mutavara.

.