Metal Price
Scrap Monster
Gold December 05, 2019 09:30:50 AM

Amani Gold Completes First Shipment of Gold From Tanzania

Paul Ploumis
ScrapMonster Author
The gold was sourced from small-scale producers in the Geita region.

Amani Gold Completes First Shipment of Gold From Tanzania

SEATTLE (Scrap Monster): Small-cap miner Amani Gold has achieved a significant milestone in its operations. The company announced that it has completed its first gold shipment from Tanzania. The gold from the Tanzanian Geita mineral and gem hub was shipped to a refinery in Hong Kong. The total shipment was weighed at approximately 6.77 kilograms of gold.

The gold was sourced from small-scale producers in the Geita region. The gold was shipped though Amani's Geita-based joint venture company, Amago Trading, which possesses a gold dealing license in the country, allowing them to buy, sell or deal in gold.

ALSO READ: Barrick Gold Corp. to Restart Gold Mining in Tanzania

Jacky Chan, Managing Director, Amani Gold stated that the company is pleased to have completed its first ever shipment of gold from the east African nation. The company has been working towards its first trade for almost eight months, he said.

The Tanzanian government had established the Geita mineral trading hub as part of its efforts to curb illegal trading of gold and other precious metals.

 

SM Newsletter
Subscribe to SM mailing list and get updates to your inbox
Facebook Twitter Linkedin Instagram