Environmentally Responsible Gold Mining

Ghana currency

Responsible gold mining and its associated activities can have a transformative effect on socio-economic development in countries where gold is found. When produced in conformance to high social, environmental and safety standards, gold provides employment opportunities, improved infrastructure and tax revenues. It can also drive foreign direct investment and generate foreign exchange.

In 2013 the Environmentally Responsible Gold Mining industry made an economic contribution of more than US$171 billion to the top 15 gold-mining economies. Ghana is the world’s 7th largest producer of gold; producing over 102 metric tons of gold and the 10th largest producer of gold in the world in 2012; producing 89 metric tons of gold. Ghana is the 2nd largest producer of gold on the Africa continent behind South Africa. Ghana has the 9th largest reserves, and is the 9th largest producer, of diamonds in the world

TSM is our reference guide and “is fast becoming a vehicle to promote best practices throughout the industry at the global level, and Canada is really an integral part of that,” we believe that; “At the end of the day it benefits our industry.” It’s our duty to honor the TSM wherever in the world we mine gold, to stop dirty gold, reduce environmental damage and end unsafe mining practices.

What is TSM?

Towards Sustainable Mining (TSM) is a commitment by the Mining Association of Canada (MAC) to responsible mining. It is a set of tools and indicators to drive performance and ensure that mining risks are managed responsibly at its members’ facilities. Adhering to the principles of TSM, members demonstrate leadership by:

  • Engaging with communities
  • Driving world-leading environmental practices
  • Committing to the safety and health of employees and surrounding communities

The program was established in 2004 and its main objective is to enable mining companies to meet society’s needs for minerals, metals and energy products in the most socially, economically and environmentally responsible way.

TSM’s core strengths are:

Accountability: Participation in TSM is mandatory for all MAC members. Assessments are conducted at the facility level where the mining activity takes place—the only program in the world to do this in the sector. This provides local communities with a meaningful view of how a nearby mine is faring.

Transparency: Members commit to a set of TSM Guiding Principles and report their performance against the program’s 23 indicators annually in MAC’s TSM Progress Reports. Each facility’s results are publicly available, and are externally verified every three years.

Credibility: TSM includes ongoing consultation with a national Community of Interest (COI) Advisory Panel. This multi-stakeholder group helps MAC members and communities of interest foster dialogue, improve the industry’s performance and shape the program for continual advancement.

Source: The Mining Association of Canada

Image by PDPics from Pixabay

Doré bars from the Gold Coast

gold bar

A doré bar is a semi-pure alloy of gold and silver. It is usually created at the site of a mine and then transported to a refinery for further purification. The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg

During the nineteenth-century gold rushes, gold nuggets and dust would be melted into crude gold bars mistakenly called “bullion” by miners. They were, more accurately, doré bars with higher contents of silver and other adulterants than mints of the world would accept. Mint and private assayers would then refine the doré bars to an acceptable purity, 999 fine, gold bullion, the silver and base metals removed.

By the time of the California gold rush, mints were moving away from the age-old process of cupellation to “part” bullion and moving toward the acid refining process developed by chemist Joseph Louis Gay-Lussac for the French mint. By the time of the Klondike gold rush, mints were replacing Gay-Lussac’s acid process and introducing electrolysis to refine doré bars into 999.9 purity gold bullion.

Ghana produces doré bar and our team in Ghana specialize in Ghana gold export.

Ghana map of regions

Ghana is located on the Gulf of Guinea, only a few degrees north of the Equator, therefore giving it a warm climate. Ghana spans an area of 238,535 km2 (92,099 sq mi), and has an Atlantic coastline that stretches 560 kilometres (350 miles) on the Gulf of Guinea in Atlantic Ocean to its south. It lies between latitudes 4°45’N and 11°N, and longitudes 1°15’E and 3°15’W.

The Prime Meridian passes through Ghana, specifically through the industrial port town of Tema. Ghana is geographically closer to the “centre” of the Earth geographical coordinates than any other country; even though the notional centre, (0°, 0°) is located in the Atlantic Ocean approximately 614 km (382 mi) off the south-east coast of Ghana on the Gulf of Guinea.

Grasslands mixed with south coastal shrublands and forests dominate Ghana, with forest extending northward from the south-west coast of Ghana on the Gulf of Guinea in the Atlantic Ocean 320 kilometres (200 miles) and eastward for a maximum of about 270 kilometres (170 miles) with the Kingdom of Ashanti or the southern part of Ghana being a primary location for mining of industrial minerals and timber.

Ghana encompasses plains, waterfalls, low hills, rivers, Lake Volta, the world’s largest artificial lake, Dodi Island and Bobowasi Island on the south Atlantic Ocean coast of Ghana.[65] The northernmost part of Ghana is Pulmakong and the southernmost part of Ghana is Cape Three Points.