2024 - Sustainable Industrial Processing Summit
SIPS 2024 Volume 2. Anastassakis Intl. Symp / Mineral Processing
| Editors: | F. Kongoli, L. Andric, K. Aravossis, V. Chanturiya, I. Chatjigeorgiou, D. Fuerstenau, C. Kavalopoulos, C. O'Connor, V. Panayotov, J. Rubinstein |
| Publisher: | Flogen Star OUTREACH |
| Publication Year: | 2024 |
| Pages: | 384 pages |
| ISBN: | 978-1-998384-06-8 (CD) |
| ISSN: | 2291-1227 (Metals and Materials Processing in a Clean Environment Series) |
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MINERAL DEPOSITS OF AFRICA: OPPORTUNITIES AND PROSPECTS IN MINING
Paul Chatzantourian1;1NORAVIA GOLD MINING LTD., Dar Es Salaam, Tanzania;
Type of Paper: Regular
Id Paper: 361
Topic: 5
Abstract:
Africa hosts many of the largest mineral deposits in the world, with vast reserves of critical minerals and metals. High-grade deposits of gold, diamonds, and any other metal position the continent as a prime destination for mining investments. Countries like South Africa, Ghana, and Tanzania are leading gold producers with the largest companies in the sector such as Barrick Gold and AngloGold acting there, while the Democratic Republic of Congo dominates in cobalt and copper production. Production costs are relatively low in comparison to western ones due to cheaper labor costs.
This has led the mining sector to offering substantial economic growth potential in its countries alongside job creation and infrastructure development. Noravia Gold Mining has been acting in Tanzania since 2013. The country holds a major position in gold and metal extraction, everso growing the last ten years having unprecedented organization in an electronic database and license issuance based on NI 43-101 of Canadian law. At the same time the country is classed as one of the safest in Africa with a very little crime rate. Its products are transported to major markets, such as the UAE and Europe in renowned refineries such as Emirate Gold in Dubai, Umicore and Argentor in Antwerp Belgium and Balestri and Arezzo in Italy.
In the current work, details are provided regarding the potential of the extractive sector in Africa and Tanzania, the opportunities and prospects, the sociopolitical framework and some concomitant hardships and risks regarding Africa.
Finally, details are presented regarding Noravia Ltd. Referred to its mining projects, processes and application of innovative technology to simultaneously recover three different metals through censoring, with the hardware expected to be presented in Canada’s biggest mining exhibition, PDAC in March of 2025.