Latest news with #CommunityMiningScheme
Trade Arabia
5 hours ago
- Business
- Trade Arabia
Ghana exports $4bn gold from ASM sector in four months
The West African nation of Ghana purchased and exported $4 billion worth of gold from the artisanal and small-scale mining (ASM) sector between February and May, according to Sammy Gyamfi, Managing Director, Ghana Gold Board. Speaking at the Mining in Motion 2025 Summit held in capital Accra, Gyamfi said gold purchasing and exportation was made through the newly established Ghana Gold Board, aimed at curbing illicit gold trading in Ghana. "Gold exports from ASM players have exceeded exports from the large-scale sector for the first time. Total gold exported from the ASM sector between February and May reached a new record of 41 tons," he stated. According to Gyamfi, the milestone has increased foreign currency contributed by the ASM sector for the government with in May 2025 alone the sector producing and exporting 11 tons of gold worth up to $1,172 billion in export revenue. "The data shows the potential of the ASM if properly annexed," he added. He also announced various upcoming initiatives aimed at empowering the ASM sector and its contribution gold sector expansion while addressing illicit mining. These include launching an ASM skills training program in September 2025 and investments in the Community Mining Scheme operated by the Ministry of Lands and Mineral Resources. According to Gyamfi, the Ghana Gold Board will also be launching an Anti-Smuggling Taskforce to address illicit export of gold and a gold tokenisation facility to maximize traceability of Ghanaian resources.
Zawya
2 days ago
- Business
- Zawya
Ghana Gold Board Reports $4 Billion in Revenue from Artisanal and Small-scale Mining (ASM) Sector in Four-Month Period
Ghana purchased and exported $4 billion worth of gold from the artisanal and small-scale mining (ASM) sector between February and May 2025, according to Sammy Gyamfi, Managing Director, Ghana Gold Board. Speaking at the Mining in Motion 2025 Summit on Tuesday, Gyamfi said gold purchasing and exportation was made through the newly established Ghana Gold Board, aimed at curbing illicit gold trading in Ghana. 'Gold exports from ASM players have exceeded exports from the large-scale sector for the first time. Total gold exported from the ASM sector between February and May reached a new record of 41 tons,' he stated. According to Gyamfi, the milestone has increased foreign currency contributed by the ASM sector for the government with in May 2025 alone the sector producing and exporting 11 tons of gold worth up to $1,172 billion in export revenue. 'The data shows the potential of the ASM if properly annexed,' he added. He also announced various upcoming initiatives aimed at empowering the ASM sector and its contribution gold sector expansion while addressing illicit mining. These include launching an ASM skills training program in September 2025 and investments in the Community Mining Scheme operated by the Ministry of Lands and Mineral Resources. The Ghana Gold Board will also launch an Anti-Smuggling Taskforce to address illicit export of gold and a gold tokenization facility to maximize traceability of Ghanaian resources. The board also plans to establish an international standardization facility in the country by 2026 to ensure responsible sourcing and sustainability across the entire gold value chain. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
16-05-2025
- Business
- Zawya
Empowering Africa's Artisanal and Small-Scale Mining (ASM) Sector: Key Reforms and Strategies to Take Center Stage at African Mining Week 2025
The upcoming African Mining Week (AMW) – Africa's premier gathering for mining stakeholders, taking place on October 1 – 3, 2025 in Cape Town – will feature a key session on the strategies and policies adopted by Africa's mineral-rich nations to formalize and empower small-scale mining operations. The ASM Regulation: Balancing Formalization and Livelihood Protection panel, will shine a light on regulatory frameworks and initiatives designed to bring artisanal and small-scale mining (ASM) into the formal mining value chain. The session will explore how these efforts enhance the sector's contribution to mineral exploration, production and economic growth. In Ghana, small-scale gold mining – which accounts for 40% of the country's total gold production – supports over one million jobs and generates more than $5 billion in export revenue. To strengthen and formalize the sector, the government has introduced initiatives including the Community Mining Scheme ( District Mining Committees, the Ghana Land Restoration and Small-Scale Mining Project as well as the Ghana Gold Board. These programs aim to regulate, professionalize and expand the sector as the country seeks to maintain its position as Africa's top gold producer. As part of its broader growth strategy, Zambia – Africa's largest copper producer – is also driving efforts to strengthen its ASM sector. The country's Ministry of Mines and Mineral Development ( increased the issuance of artisanal mining rights from 304 in 2023 to 680 in 2024, and small-scale exploration licenses from 399 to 615. With a goal to scale copper production to 3 million tons per annum by 2030, Zambia has also established a dedicated department for ASM mining and is preparing to enact its Local Content Regulation in 2025 to promote domestic participation, job creation and value addition. In Zimbabwe, ASM remains a key driver of growth in the gold sector ( According to Fidelity Gold Refineries, small-scale miners were key contributors to the 40.6% increase in gold output in Q1 2025 compared to Q4 2024. Programs including the Gold Mobilization Program and Gold Development Initiative Fund are enabling miners with funding and technical training, thereby boosting output and sectoral sustainability. Ethiopia is advancing the formalization of its ASM sector through the National ASM Strategy, designed to promote a responsible, inclusive and productive mining environment. Employing over 1.26 million people and contributing 65% of the country's foreign exchange earnings, the ASM sector plays a crucial role in supporting Ethiopia's broader development and economic objectives. As the continent's premier gathering for mining stakeholders, AMW enables ASM mining companies to connect with technology providers, ensuring they are equipped with the tools they need to explore and develop Africa's rich geological resources. The forum will feature exclusive networking sessions and project showcases, providing a platform for regional and global emerging mining firms to connect with growing and lucrative investment opportunities across the African mining value chain. Distributed by APO Group on behalf of Energy Capital&Power.
