Page 40 - Bullion World Volume 02 Issue 02 June 2022_Neat

Bullion World | Volume 2 | Issue 02 | June 2022
INTERNATIONAL news

LBMA reinstates accreditation of Kyrgyz

gold refinery

The London Bullion Market Association (LBMA) said it had reinstated its accreditation of a precious
metal refinery in Kyrgyzstan, allowing it to sell metal in the London market, the world's largest.

Source: https://www.kitco.com

Nigeria to become gold jewellery

destination — Minister of Mines

and Steel Development (MMSD)

Federal Government is making effort to make sure value is added to raw gold
mined locally to attract foreigners and make Nigeria a gold jewellery destination.
Nigeria is a large consumer of jewellery products from the United Arab Emirates,
India, China and Europe.

Source: https://guardian.ng

Thai gold demand sinks

Consumer demand for gold in Thailand fell 54% year-on-year to 3.8 tonnes in the
first quarter, from 8.3 tonnes in the first quarter of 2021, as high prices weighed on
sentiment.

Source: https://www.bangkokpost.com

Nigeria, Swiss firm sign pact on metal, gold mining

development

Nigeria and a Swiss firm have signed a pact to develop precious metals and an artisanal gold mining value chain. On the sideline
of the Investing in African Mining Indaba at Capetown, South Africa, Dukia Gold & Precious Metals Refining Co. Limited Nigeria
and Philoro Global Trading AG Switzerland, signed a Working Together Agreement to deepen participation in the extractive
industry as well as consolidate strategies in the development of programmes needed to exploit the expected benefits in the
sector.
Source: https://guardian.ng

40