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Gold Trading in Dubai
World Bank data suggests that Artisanal and Small-Scale Mining occurs in approximately 80 countries worldwide. There are approximately 100 million artisanal miners globally with a production supply that accounts for 80% of global sapphire, 20% of gold mining and up to 20% of diamond mining. It is widespread in developing countries in Africa, Asia, Oceania, and Central and South America.
Gold Trading in Dubai
World Bank data suggests that Artisanal and Small-Scale Mining occurs in approximately 80 countries worldwide. There are approximately 100 million artisanal miners globally with a production supply that accounts for 80% of global sapphire, 20% of gold mining and up to 20% of diamond mining. It is widespread in developing countries in Africa, Asia, Oceania, and Central and South America.
Downstream brands and manufacturers may want to map out their supply chain but face technological, business, and regulatory obstacles. For one, the supply chains of ASM products are complex, with multiple intermediaries, consolidators, and exporters from mine to market, traversing many countries. After processing, it becomes nearly impossible to trace the origin of materials since refineries tend to combine raw materials from numerous sources.
Supply chain transparency has the potential to transform the state of the ASM industry as well as the quality of life of ASM miners. Transparency can be economically beneficial to downstream manufacturers and brands. Better information about the entire supply chain allows actors to manage risks. It allows downstream companies to support environmental and human rights protections among miners and processors while furnishing all industry stakeholders with an evidence base to inform strategic action.
Orezone has conducted years of on-ground research in Africa which enables us to bridge the gap between the downstream and upstream players. We aim to link & trace gold from mine to customer and responsible mining is the first base of this structure. We achieve our link & trace policy under responsible mining by:
- Providing funding to credible ASM producers after a comprehensive due-diligence
- Systematic & periodical monitoring of ASM producer
- Capacity Building
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1904 Damac Business Tower Marasi Drive Business Bay Dubai United Arab Emirates