Secure, Reliable, and Transparent Gold Transactions from Africa to the UAE
Your Trusted Gold Sourcing Partner
Secure, Reliable, and Transparent Gold Transactions from Africa to the UAE
Bridging Africa and the UAE's Gold Trade
Africa: A Continent Rich in Resources
Renowned for its abundant mineral resources Africa is home to a significant portion of the world's gold reserves, making it a major player in the global gold market. The continent's rich geological formations, coupled with its historical significance in gold mining, have contributed to its prominence in this industry.
The UAE: A Gold Trading Hub
The UAE has long been a prominent gold trading centre. With gold prices surging by over 23% since the start of 2024 and reaching a new all-time high of $86,583 per kg in October of that year. Gold imports have also increased to an estimated USD $23.9 billion in the UAE, surpassing even crude oil.
Au79 Trading Partners: Your Solution
Recognising the potential for seamless gold trade between Africa and the UAE, Au79 Trading Partners was established to do exactly as our name suggests, build gold trading partnerships and provide a trusted intermediary between buyers and sellers.
About Au79 Trading Partners
The Founder
Au79 Trading Partners was founded by Leon Brown, a seasoned professional with a global perspective. Recognising the untapped potential in connecting African gold suppliers with UAE buyers, Leon established Au79 Trading Partners to bridge this gap. A business owner educated in London and with a proven track record in sales, negotiation and cross-cultural collaboration, Leon has assembled a team dedicated to providing secure, reliable, and transparent gold transactions
Africa's Gold Rush
Africa's Top 5 Gold Producers
Africa's rich gold deposits play a pivotal role in driving the global market. The following are the top 5 gold-producing countries on the continent:
1. Ghana: A Gold Coast Legacy
As Africa's largest gold producer, Ghana's connection to gold dates back centuries. The country's rich history of gold mining, dating to the 15th century, contributes substantially to its economy, providing employment opportunities and generating revenue. Gold exports account for over 40% of Ghana's total export earnings.
2. Mali: A Gold-Rich Past
Mali, a historically significant gold producer, continues to play a vital role in the global gold market. The country's rich deposits, coupled with its strategic location along ancient trade routes, have made it a sought-after source of gold for centuries. Mali's gold production contributes substantially to the overall supply of the precious metal, driving economic growth and supporting local communities.
3. Burkina Faso: A Modern Gold Rush
Burkina Faso has emerged as a prominent player in the global gold market. The country's gold production has experienced a significant surge in recent years, driven by the discovery of new deposits and increased investment. Burkina Faso's gold exports contribute substantially to its economy, providing employment opportunities and generating revenue.
4. South Africa: A Historic Gold Producer
Once the world's leading gold producer, continues to be a significant player in the global gold market. Despite a decline in production compared to its peak, South Africa's deep-level gold mines remain a source of the precious metal and have played a pivotal role in it's economic development. Johannesburg, known as "eGoli" (City of Gold), owes much of its growth to the gold mining industry.
5. Sudan: An Emerging Gold Power
Sudan's gold mines have become a vital source of income, particularly since the secession of South Sudan. Artisanal mining dominates the country's gold production, offering both opportunities and challenges for local communities.
These countries contribute significantly to Africa's gold exports and play a vital role in the global gold market.
Partnering
While the potential for profitable gold trade between Africa and the UAE is undeniable, historical issues have hindered its full realisation. Trust has eroded due to instances of non-performance from buyers and fraudulent activities by individuals posing as sellers. These challenges have made it difficult for genuine sellers to establish trust with buyers and vice versa.
Our Solution
Au79 Trading Partners addresses these challenges by providing a secure, transparent, and reliable platform for gold trade. Our services include:
- Supplier Verification: We conduct thorough due diligence on our African gold suppliers, including personal meetings to verify their legitimacy and reliability. By building strong, trusting relationships with these suppliers, we ensure a consistent and reliable supply of gold.
- Secure Transactions: We have implemented robust procedures to protect both buyers and sellers from fraud and scams.
- Quality Assurance: Thorough inspection and verification of gold quality and quantity.
- Logistics Management: We provide hands-on oversight of gold shipments, ensuring efficient transportation, customs clearance, and insurance processes.
- Payment Facilitation: We prioritise secure and timely payments so that our sellers receive prompt payment immediately following gold assay.
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