Меню
  • $ 88.17 -0.34
  • 92.89 -0.22
  • ¥ 12.23 +0.01

Mozambique Mining Mineral Group Starts Decentralized Gold Mining in Africa

Photo: MMMG

Mozambique, with its rich gold deposits in the Zambezia, Nampula, Tete, and Manica provinces, is becoming a testing ground for an innovative gold mining method.

Mozambique Mining Mineral Group (MMMG) is revolutionizing traditional approaches to this industry, prioritizing not only profit extraction but also sustainable development and empowerment of local communities. MMMG's operating principle is not to give a man a fish, but to teach him to fish – providing the tools and knowledge.

The company has developed and launched production of highly efficient gold-processing equipment, specifically adapted to the conditions of the African continent. The equipment has undergone rigorous testing and demonstrated high durability and reliability in challenging local operating conditions. The first batch of equipment is already successfully operating in Zambezia province. These installations can process 5 to 10 tons of ore per hour with minimal water consumption. Gold content in one ton of ore averages 5-10 grams (according to Zarubezhgeology and the Mozambique Institute of Mineralogy).

MMMG not only supplies the equipment but also trains local people on its efficient use. Workers receive the necessary knowledge and skills for independent and environmentally responsible gold mining. This decentralized approach stands in stark contrast to traditional methods, often characterized by monopolization and social inequality. MMMG ensures shared control over resources, enabling local communities to participate in the mining process and benefit from a share of the profits.

“This model creates new jobs, generates income sources, and stimulates the development of small businesses, addressing important economic and social challenges. Gold mining ceases to be a source of conflict and becomes an engine of local economic growth”, notes Amram Petrosian, Managing Partner of MMMG.

The company invests in human capital, contributing to the creation of self-sufficient and prosperous communities. This is not charity, but a well-thought-out strategy aimed at de-monopolizing mineral extraction and ensuring sustainable regional development.

MMMG's success has attracted the attention of international funds and governments of other African countries. The growing interest in this model reflects a global trend towards fairer and more sustainable economic systems. Numerous requests for the implementation of similar programs confirm the effectiveness and relevance of MMMG's work.

The company's experience demonstrates that investments in human capital and decentralized mining yield more significant and long-term results than traditional centralized methods. MMMG is investing in Africa's future, building a prosperous and self-sufficient society based on the fair and responsible use of its natural resources. This is an example of how gold mining can become a catalyst for positive change and sustainable development in countries.

All news

20.02.2025

Show more news
Aggregators
Information