Morocco’s gold reserves are estimated at more than 22 metric tons, whilst Ghana, a foremost gold producer lags behind

Gold plays an important part in central banks’ reserves management, and that’s why they are significant holders of gold.  IMF IFS statistics  tracks central banks’ reported purchases and sales along with gold as a percentage of their international reserves. Morocco’s gold reserves are estimated at 22.12 metric tons and are the fifth largest in Africa,…

Mining Arbitrations in Africa

Audley Sheppard QC, Amanda Murphy and Karolina Rozycka, Clifford Chance LLP This is an extract from the 2021 edition of GAR’s The Middle Eastern and African Arbitration Review. The whole publication is available here. In summary Increased demand for certain commodities (such as gold, iron ore, copper and some rare earth metals) following the global disruption caused by covid-19 will…