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Mozambique To Install Its First Gold Refinery

May 16, 2023

By Jorge Joaquim

 Mozambique’s mineral resources and energy ministry’s Kimberley Process, precious metals and gems management unit is in the process of negotiating with a foreign investor who wants to set up the country's first gold refinery, said the unit’s executive secretary, Castro Elias.

There has been no gold refinery in Mozambique until now because the quantities produced and exported were unknown, a situation that has changed in the last two years, he said, adding that the refinery will allow the central bank to buy gold for its reserves.

After Mozambique's admission to the Kimberley Process late last year, the country has been improving the registration of production and marketing of precious and semi-precious metals, as a result of improved control carried out by the initiative's management unit.

Thus, for the specific case of gold, last year almost 800 kilograms were registered, 100 kilograms more than the target, an unprecedented achievement in the history of independent Mozambique. In 2020, it was about 550 kilograms.

For this year, the target is about 750 kilograms, but only in the first half of the year more than 575 kilograms of this metal were recorded.

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