THE WASK MINING INVESTMENT
is a top notch establishment ready and willing to synergise with institutional and individual stakeholders to acquire licenses and concessions from prospecting to real- time mining. We have mining concessions available in Ghana and currently undergoing corporate governance scrutiny for other countries in Sub Saharan Africa.
As far as acquisition of precious metals and earthly mining is concerned, the WASK group is the place to go most assuredly.
One of the best times to invest in mining is when there is a sufficient team qualified to manage your investment and they are organized enough to convert or construct a single ‘ore body’ mining company into a producing mine.
The investment of mining stocks during this development/construction period has produced significant gains with a favorable risk or reward ratio.
The demand for the raw materials sharply increases day by day. Every country, which has explored economically exploitable minerals or other materials, are in a very lucky situation if the financial and technological background of the exploitation is ensured. Ghana is indeed one of the safest place to mine with the abundance of natural resources, as the former name will have you know, the Gold Coast, which is one of the most important mining hubs on the African continent.
Due to the significant development of the past 25 years in the mining and exploration technology, the hidden geological fortune in the southern area has become economically worthwhile to exploit. The new mines and the processing plants adjunct to them would be important factors to reduce the long time unemployment in the region.
By joining WASK GROUP OF COMPANIES MINING INVESTMENT , you will possess an exploration license with mining facilities which area includes presently active and also to be opened mining sites. Different minerals are explored and mined’ different types of gold ore, quarry, limestone, iron ore, copper ore, lead ore, bauxite, manganese, zinc ore and silver ore; Gold, diamonds, manganese and bauxite are the major minerals mined in Ghana, but the country also has unexploited deposits of iron ore, copper, chrome, nickel, limestone, quartz and mica.
Additionally, the ore bodies contain high percentage of barite (BaSO4) too.
Gold is deemed strategic to Ghana’s economy. The World Bank recently published a report showing that Ghana has now surpassed South Africa for gold exports, exporting 158 tonnes of gold in 2018. The contribution of gold to the economy of Ghana is remarkable, even though Ghana produces other minerals, such as diamonds, manganese and bauxite.
In 2015 the earnings from gold accounted for 96.68% of the total earnings from exported minerals. Diamond, bauxite and manganese racked up 0.3%, 1.24% and 1.95%, respectively. The mining sector contributed GHS 15.8 billion and GHS 17.1 billion in 2016 and 2017 respectively, and is one of the largest sources of revenue for the government, in the form of mineral royalties, corporate taxes and employee income taxes.
Data from the Bank of Ghana shows that gold exports increased from 3.84 million ounces in 2016 to 4.61 million ounces in 2017. The 20% growth in exports was driven mainly by a combination of a modest increase in the gold price and an upturn in the output of large-scale producers, as well as the volume of gold exported by licensed gold exporting companies. Exports of manganese increased from
2 million tonnes in 2016 to 3 million tonnes in 2017, while shipments of bauxite also expanded from 1.14 million tonnes to 1.47 million tonnes over the same period.
These figures demonstrate the strategic importance of minerals to the economy of Ghana . Further financial resources are required to enhance the technology and ramp up the already carried on mining and production.
The transaction brings together a group of qualified engineers, managers and researchers to form a very strong and effective management and advisory team which is the precondition to achieve success.
5% of the country’s GDP is what mining industry of Ghana accounts for, whilst minerals make up over 37% of total exports of which gold contributes over 90% .
Thus, gold remains the focus of Ghana’s mining and minerals development industry. Ghana has twenty-three large scale mining companies and over three-hundred registered small-scale mining groups and ninety mine support service companies.
Gold trading in Ghana began from ancient history in the Trans-Saharan gold trade and the country was once known as Gold Coast. With gold export bringing in about 48% of Ghana’s revenue through mineral royalties, employee income taxes, and corporate taxes, it is an area of high national interest. Gold is popular as an investment and investors buy gold as a means of diversifying risk; especially through the use of future contracts and derivatives.
Why WASK GROUP OF COMPANIES MINING INVESTMENT is Here .
• *Ghana is Africa’s largest gold producer, 6th largest worldwide and more ounces per km than Nevada*
Ghana produced ~5 million ounces of gold in 2020, surpassing South Africa’s 2020 production of ~3.5 million ounces1. Ghana produces more gold per square Kilometres than Nevada and holds more estimated reserves than key gold-producing countries like Peru and Papua New Guinea.
Southern Ghana has been considered one of the world’s most prolific regions for gold discoveries for some time, with both gold producers (including Gold Fields and AngloGold Ashanti) and explorers enjoying success there including Shandong Gold’s takeover offer for Cardinal Resources in 2020.
• *Ghana’s stable, democratic government supports mining.*
Ghana’s political stability is underpinned by strong democratic credentials. The mining industry
accounts for over 50% of foreign direct investment and is the largest tax-paying sector in the country. • *Mining and gold are essential to Ghana’s economy and tax base*
Gold contributes over 90% of Ghana’s total mineral exports and makes up 49% of the country’s total export value.
• *Ghana features the Prolific Bibiani Gold Belt*
Ghana’s prolific Bibiani Shear zone, location of GWIL’s Gold Project, hosts several multi-million ounce gold deposits. Mines are operated by some of the world’s largest gold companies including Newmont and Kinross.
• *Ghana offers modern infrastructure and skilled mining labor*
Ghana has an advanced infrastructure platform compared with most African countries, including water, electricity and mobile networks as well as a good network of roads and highways. The country’s long history of mining has provided a skilled and well-educated mining workforce.
• *Ghana is the gateway to Africa*
Being the second most peaceful country in the world and with the stable relationship between Ghana and her fellow African countries, it gives us the leverage to acquire from other countries on behalf of our investors without breaking a sweat.
GOLD AND MINERALS TRADING AND EXPORT
WASK GROUP OF COMPANIES MINING INVESTMENT has a Trading Platform that specializes in international commodity trading.
In terms of the AU, WASK GROUP OF COMPANIES MINING INVESTMENT have a Strategic Alliance Partnerships with Consortium of small to large scale miners in Ghana and most West African sub region. This consortium has a collective capacity to produce and deliver up to 3 Tons of AU per month.
It worth stating that some of our mining partners are not local producers in Ghana, however our partnership allows them to transport their gold into Accra, Ghana, which has been and continues to be a safe haven for sale and purchase of AU for Sellers and Buyers alike. This is because of our free market policies, no government interference in private sale of AU, and lower export tax and with the African trade in effect, it makes exports to and from other countries safe and easy.
Historically, our AU producers only sell on an FOB basis instead of a CIF basis due to some abysmal experiences they have incurred in relation to some nefarious and scrupulous buyers – and this is where WASK GROUP OF COMPANIES MINING INVESTMENT and our Strategic Alliance Partnerships are a necessity in offering a secure transaction.
Based on our reputation as a leading mining company coupled with our Strategic Alliance Partnerships, WASK GROUP OF COMPANIES MINING INVESTMENT is able to provide every necessary guarantees to our miners in terms of payment of export taxes and other expenses including transportation and insurance, making possible a CIF transaction for a potential buyer. WASK GROUP OF COMPANIES MINING INVESTMENT will export through our partnered refineries in Accra, Ghana.
Such arrangement requires a buyer issuing a Standby Letter of Credit in favor of WASK GROUP OF COMPANIES MINING INVESTMENT.
Upon receipt of such bank instruments, WASK GROUP OF COMPANIES MINING INVESTMENT inturn issues a 2% Performance Bond, if required by the buyer, and provide logistical support to export the gold to Buyer’s Refinery for final assay and payment. Under this structure WASK GROUP OF COMPANIES MINING INVESTMENT can supply up to 3 ton per month.
Gold Export From Ghana
The following are outlined procedures for export of gold by Licensed Gold Exporters (LGE). A Licensed Gold Exporter (LGE) who intends to export gold shall inform the Precious Minerals Marketing Company Limited (PMMC) in writing of its export plans at least two (2) working days before the planned weekly export.
The LGE shall submit the gold ore to be assayed by PMMC at a designated assay center, together with all Export documents. The PMMC shall assay the gold ore presented by the LGE using the appropriate assay method as agreed by the LGEs, Minerals Commission and the PMMC. The PMMC shall prepare a report of analysis of the gold ore presented by the LGE and issue copies to the Bank of Ghana (BOG), the Ghana Revenue Authority Custom Officer stationed at the Assay Centre
and the Minerals Commission.
The PMMC shall invoice the LGE in respect of the assay at the agreed rate of 0.176% of the value of gold assayed and the LGE shall pay same to PMMC.
The payment of this fee is without prejudice to any fee that may be charged by the Minerals Commission.