• Double ounce

    Double ounce

    The continent’s gold mining infrastructure could soon be enhanced with the addition of two new refineries.

    Privately owned gold trader Sakthi Trading Group has targeted Ghana and the DRC for the facilities, according to Mining Weekly. The trader, based in the United Arab Emirates, is seeking a total investment of US$246 million – US$53 million each for the two refineries and around US$7million each for a total of 20 mine processing centres.

    The company has not disclosed how much has been invested so far. According to CEO Hari Iyer, the company will list on the stock market in Singapore after the initial round of funding for the refineries and service centres, but this might take a few more years.

    22 May 2018
    Image: Gallo/Getty Images