Page 23 - Bullion World Volume 04 issue 12 December 2024

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Bullion World | Volume 4 | Issue 12 | December 2024
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The economic potential of value-added mineral exports, the Republic of South Sudan endorsed a proposal to
as shown in the chart, underscores the benefits of establish gold refineries and mineral trading centers
retaining more processing activities within the region. within the country. This endorsement followed a
ICGLR member states show strong political will to presentation by Honorable Martin Gama Abucha, the
shift part of the mineral supply chain toward domestic Minister of Mining, to the Council of Ministers in Juba.
processing. For example, the Council of Ministers of
Enhancing Trade, Transparency, Outlook for the Future
and Responsible Sourcing

The core focus of the forum was to strengthen a The ICGLR Regional Forum on Mineral Value Addition
conducive environment for responsible sourcing and emphasized the need for robust infrastructure, stable
transparent trade. This aligns with the commitment of legal frameworks, and regional cooperation to attract
participating companies to uphold responsible mining investments and prioritize value addition over raw
practices that meet international standards. By ensuring material exports. It called for partnerships between
that mineral supply chains remain free from conflict governments, academia, and the private sector to
financing, these efforts contribute directly to the goals of advance innovation and provide low-cost financing for
the ICGLR’s Regional Certification Mechanism (RCM). artisanal mining. By promoting inclusivity and sustainable
This mechanism plays a pivotal role in verifying that practices, the forum underscored the region’s potential
minerals are sourced responsibly and are certified as to model responsible mining aligned with global market
“conflict-free,” thereby promoting transparency and demands.
accountability.
As the Great Lakes Region pushes forward with this
Through the ICGLR RCM, the region has seen significant vision, the impact on local economies and the global
growth in certified conflict-free mineral exports, providing mineral supply chain is set to grow, presenting an
international buyers with assurance about the ethical exciting future for investors and stakeholders alike.
origins of Great Lakes minerals. This mechanism was
hailed as instrumental in raising the region’s profile as a
reliable source of ethically sourced minerals.

Comparison of Economic Impact – Raw Mineral Export
vs. Value-Added Export

Source: https://thedawn.com.ss/2024/10/14/cabinet-endorses-proposal-to-establish-gold-refineries/
European Union Delegation to South Sudan, Africa Mineral Strategy Group, Transparency International Kenya, Kivu
Resources Minerals, OXFAM Kenya, Burundi Mining Authority, Rwanda Mines, Petroleum and Gas Board, University
of Burundi, African Minerals and Geosciences Centre (AMGC), …

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