Raw Gold Trading. The Buy and sell of unrefined gold from Africa
Raw gold Trading . The buy and sell of unrefined gold. Are you looking on how you can easily go into the gold investment with an easy way. Africa has got the best approach for raw gold trading as it offers various raw golds like gold nuggets, Dore bars, unrefined gold bars, and gold dust. You can’t fail to buy any of these various raw golds.
Choosing to trade raw gold from Africa is a perfect way to start your gold investment since Africa has got various gold deposits in different African countries like South Africa, Ghana, Mali, Uganda, Kenya, Congo, Tanzania. These have made Africa to be the most pursued gold hubs.
Working with reputable gold dealers just like Jesa Minerals is very important as they help you navigate through the African gold market as Africa offers a variety of raw gold like gold nuggets, unrefined gold bars, Dore bars and other customized orders
Understanding Raw Gold. Raw gold Trading
Composition and Impurities
Raw gold ore typically contains a mixture of gold and other minerals, including impurities such as silver, copper, and iron. These impurities must be removed through refining to obtain high-purity gold.
Types of raw golds
There are different raw golds that you can get from Africa and these include the following
Gold Dust: There different types of gold dusts that is say, dark gold dusts, and light gold dusts as they can also be further refined to be pure gold dusts
Dore Bars: These are bars that are semi-refined as they remain with impurities and they just need further refining for them to be pure golds
Gold Nuggets: These appear in different gold sizes like the small, medium and large gold nuggets. These also vary in purities and sizes
Jesa minerals the Gold and Copper trading company can trade all these kind of raw gold. Therefore for effective raw gold trading process make use of reputable gold traders
Importance of Refining before raw gold trading
Refining is crucial for enhancing the quality and value of raw gold. By removing impurities and contaminants, refining transforms raw gold into a purer form suitable for use in jewelry, electronics, and other applications. Below are some of the detailed importance for refining gold
Increases purity and Value: To refine gold increase the purity of gold as they separate the impurities from purities to become pure gold of 24k gold. And the purer the gold the higher its market value.
Essential for making Jewelry: When the gold is full of impurities, it affects the color, strength and durability. Therefore refining allows gold to be mixed in different amounts that can be controlled.
It allows Recycling: This is when the old jewelry, electronic waste, and scrap gold can be refined as it also reduces mining demand and supports sustainable practices.
Prevents Fraud and Ensures quality standard: It allows accurate testing results and certifications as the government and banks require standardized purity for trade plus the hall mark stamps that guarantee authority
Steps in the Refining Process
Crushing and Grinding
The refining process begins with the crushing and grinding of raw gold ore to reduce its size and facilitate extraction. This step prepares the ore for further processing by exposing its valuable metal content.
Chemical Leaching
Chemical leaching involves the use of specialized solutions to dissolve gold from the ore matrix. This process separates gold from impurities and concentrates it into a solution for subsequent purification.
Smelting
Smelting is the process of melting the gold concentrate to separate it from other metals and impurities. During smelting, high temperatures are applied to the gold concentrate, causing it to liquefy and separate from unwanted materials.
Electrolysis
Electrolysis is the final stage of the refining process, where an electric current is passed through the molten gold to separate it from impurities. This step produces pure gold that can be further processed into various forms.
Equipment and Tools Used in Refining
Crushers and Mills
Crushers and mills are used to break down raw gold ore into smaller particles, making it easier to extract the precious metal.
Leaching Tanks
Leaching tanks contain chemical solutions that dissolve gold from the ore matrix, allowing for the extraction of gold concentrate.
Furnaces
Furnaces are used for smelting, applying high temperatures to the gold concentrate to separate it from impurities.
Electrolytic Cells
Electrolytic cells facilitate the electrolysis process, enabling the separation of pure gold from the electrolyte solution.
Where to do effective Raw gold Trading in Africa
Africa is comprised of different gold deposits in different countries and some of the best countries include the following
Uganda: This is one of the fast growing gold countries that has got different gold hubs in different regions and these include Mubende, Busia, Karamoja and others. These produce number of raw golds like the gold nuggets, Dore Bars and gold dust
South Africa: This is one of the most established gold country as they it has got different gold mines and refineries like the Rand refinery. Its one of he most producing gold countries, supplying both local and international gold markets
Ghana: Trading gold from Ghana can be more detailed, its better to use certified gold traders like Jesa Minerals to help you access the Gold bot of Ghana since its where foreigners can buy gold from without complications
Congo: This is well known to be mineral country as you can access the raw gold like gold nuggets, Dore bars and others. To access the Congo gold Market, work with trusted dealers as the country has got a number of fraud and smuggling cases
How to trade Raw gold safely from Africa
Raw gold trading from Africa can be profitable if you only get to follow right steps. Some of the detailed steps include the following
Look out for reputable dealers: These are well know gold dealers in the market. Check out for reviews and ratings. Make sure they provide proper invoices, GST/tax break down, weight and purity details. And if your buying gold online, use trusted platforms with verified certificates.
Check for official hallmarks: These hall marks include the name of the refiner, the assaying center mark, gold identification mark and purity marks like 24k with 99.9%, 22k with 91.6% and 18k with 75%.
Understand the gold pricing Clearly : The pricing for gold based on weight, gold rates, marking charges taxes and wastage. You can also ask questions like what is today’s gold rate?
Request for Detailed invoice: For a clear and proper invoicing, ask for gold weight, purities, the gold rate per gram, making charges, taxes and total amount paid
Make use of secure Payment Methods: Firstly avoid paying gold in cash, use verified gold payment methods as there more secure like the bank and escrow methods
Prepare for secure and insured shipping: This is important as it protects the raw gold from getting damages and to avoid risks like theft
Environmental Impact and Regulations
The raw gold refining process can have environmental implications due to the use of chemicals and energy-intensive operations. Regulatory measures are in place to mitigate environmental risks and ensure responsible refining practices.
Conclusion
In conclusion, the raw gold trading is a perfect way to acquire gold but if only your working with trusted gold dealers. Before agreeing on trading gold from Africa, first familiarize your self with the legalities for the African countries were you like to buy raw gold from. Whether your an investor or any gold dealer, to understand raw gold trading is very important
FAQs
What is the purity of refined gold obtained from the raw gold refining process?
Refined gold obtained from the refining process typically has a purity level of 99.99% or higher, depending on the refining techniques used.
How long does the raw gold refining process take?
The refining process duration varies depending on factors such as ore complexity, refining methods, and processing capacity, but it can range from several hours to several days.
What are the main environmental concerns associated with raw gold refining?
Environmental concerns include the use of chemicals, energy consumption, waste generation, and potential water and soil contamination. Regulatory compliance and sustainable practices are crucial for mitigating environmental impact.
Are there any alternatives to chemical leaching in the raw gold refining process?
Yes, alternative methods such as gravity separation, flotation, and bioleaching are used in some refining