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28.01.2015 Business & Finance

Providing Gold Mining Solutions: EAR Logistics Shows The Way

Providing Gold Mining Solutions: EAR Logistics Shows The Way
28.01.2015 LISTEN

The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports.

Ghana's mining and minerals development industry and extractive sector still remains focused on gold. Ghana is Africa's 2nd largest gold producer, producing 80.5 t in 2008.

Ghana is also a major producer of bauxite,manganese and diamonds. It has 23 large-scale mining companies producing gold, diamonds, bauxite and manganese, and, there are also over 300 registered small scale mining groups and 90 mine support service companies.

Against this backdrop, EAR Logistics has set the pace and has proven to deliver in the provision of quality services to the mining sector in Ghana.

EAR Logistic is a Limited Liability Company operating under the government of Ghana Company Codes. Incorporated deep within the Company's strategic vision is a business development concept that is based on using modern technology and refining responsibility to protect the environment.

The company has a technical team that has been drawn from different disciplines to give us a broad base and deeper understanding on all business related issues. It provides the best in gold services for individuals and all institutions around the world.

SERVICES INCLUDE

REFINING, SMELTING, ASSAYING, PRE-FINANCE

Recent improvements include the installation of new furnaces and state of the art machines in our laboratory in its evaluation unit to enhance its capability to accept gold doré. A custom made glass-lined reactor has been installed in the refinery which allows it to continuously extract concentrates from the gold refining process.

The refinery, which provides a same day refining service, employs the widely used Miller Chlorination Process to upgrade the gold bullion it receives from mines to at least 99.50% fine gold, the minimum standard required for gold sold on the world bullion markets. To further refine gold to 99.99% the cost-effective once-through electrolytic refining process is used.

The refinery continually investigates refining technology developments that could make its operations more efficient and cost effective.

The smelting operation is overseen by employees with requisite skills and material is processed in an upgraded, well ventilated arc furnace that complies to statutory requirements.

The smelter uses a pyro-metallurgical process to concentrate low grade materials into a semi concentrated product that is further purified into pure elements at the main refinery.

The smelter is also introducing different pre-concentration circuits that would enable sections to treat diverse materials and offer competitive prices to customers. This enables us to proudly add maximum value to every ounce delivered.

The smelter has formed strategic partnerships with other organisations to allow itself to process more materials and offer its customers better service for materials delivered.

Any Gold that comes into the premises of the company are first Smelted and Assayed.

Once this is done, if it is the responsibility of the company to export. The company takes charge of the product until it is exported to the final destination.

The company also runs only smelting and assaying services on behalf of clients in which case they are no longer responsible for the safety of the Gold when it had left the premises of EAR Logistic Ltd.

EAR Logistic Ltd. now have metal account services for clients. It provides the above services for and on behalf of clients once they are able to source for the gold themselves.

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