Blockchain Tracked Gold Leaves Ghanaian Port October 28, 2022 October 28, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 28, 2022 by Kelly Cromley

Blockchain Tracked Gold Leaves Ghanaian Port

Minexx, in conjunction with Solidaridad, a civil society group, have successfully shipped 11.62 g of completely traceable gold from the Obeng Mine in Ghana for the initial time in the country’s mining record. The gold was transported to the worldwide market through the merchant HA Exploits Ltd.

Marcus Scaramanga, co-founder and CEO of Minexx, stated:
“We are ecstatic and honored to have reached this landmark. Ghana is currently Africa’s biggest gold producer, thus it is notable that this milestone occurred here.”

“Minexx is linking domestic ethical miners with ethical purchasers on the worldwide market, and the achievement marks the beginning of Minexx’s development and expansion in Ghana.
It is more crucial than before that we act swiftly, harnessing technology to bring answers to the world’s concerns and playing our part in providing advantages to everybody along the distribution chain, from artisanal and small-scale mining to the consumer. This achievement in Ghana is an additional significant step on this path.”

Minexx has collaborated with a variety of mining businesses, such as the Obeng Mine, gold dealers, and Ghanaian government leaders over the past six months to launch its blockchain platform in conjunction with Solidaridad. All mine sites included in the initiative have been meticulously chosen after undergoing extensive investigation and are regularly monitored.

Isaac Gyamfi, Regional Director for Solidaridad West Africa, stated:
“As an institution that promotes ethical behaviours in informal and small-scale miners in Ghana, Solidaridad is ecstatic that ethically sourced gold from mining sites it promotes can now be completely traceable to the market.
We will keep assisting mines in meeting the CRAFT Code Compliance standards and utilize the Minexx tracking platform to track gold from the mines to the global market, thereby assuring customers that the gold comes from a legally liable source — consideration for human rights, health and safe working environment, and better environmental administration, among many others.”

Four years back, Solidaridad has been assisting the Obeng/Daakye Mine, a comparatively tiny open pit mine in the Western region of Ghana that was established a decade back, to shift from its traditional mining methods to a more environmentally friendly and ethical one. The mine earned the countrywide overall small-scale mining accolade for 2021 at the first ethical small-scale mining awards in December 2021 for extracting gold ethically.

Stephen Baidoo, General Manager of Obeng Mine, remarked:
“Sustainable and ethical mining has evolved into the hallmark of our activities thanks to Solidaridad’s assistance. The security of our workers will remain a top concern, and we will also assure effective environmental administration.”

Nana Akwasi Awuah, Managing Director of the Precious Minerals Marketing Company in his recent article on illegal mining in Ghana, stated:

“As a gold-producing nation, Ghana must source responsibly if it wants to realize the full worth of its precious material.”

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.