JOHANNESBURG - The Africa Minerals and Metals Exchange (AMME) has announced the participation of Rubix Assets and Black Earth Trading in its landmark First Delivery Program of Responsibly Sourced Gold and Silver, set to commence in 2025. This initiative aims to enhance the ethical sourcing, transparency, and regulatory compliance of Africa's precious metals sector.
The program will enable the secured delivery of 5 tonnes of gold and 8 tonnes of silver annually to the United Arab Emirates (UAE), marking a significant development in establishing Africa as a credible source of responsibly sourced precious metals on the global stage.
AMME, backed by the Africa Minerals Strategy Group (AMSG), a coalition of 16 founding member nations, is dedicated to promoting sustainable development of the continent's mineral wealth. AMSG's mission includes advocating for responsible mineral exploration and production, as well as encouraging local value addition while upholding international cooperation and environmental care.
The initiative is poised to enhance traceability and adherence to international standards, expand market access for responsibly sourced African minerals, and reinforce Africa's reputation as a reliable and trusted supplier in the global precious metals industry.
Participants in the program include IEG AFRICA DMCC, PNK COMMODITIES LLC FZ, and BLAZE COMMERCIAL BROKERS LLC, who have all committed to upholding AMME's stringent responsible sourcing standards, developed in partnership with the Africa Responsible Mineral Sourcing Initiative (ARMSI).
This announcement signifies a new chapter for Africa's mineral trade, promoting transparent and sustainable supply chains that conform to the highest international standards. The information for this article is based on a press release statement.
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