Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining

Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining

• 1.
  Sustainable Socio-Economic Development– The Role of Gold, and Gold Mining Electra Mining West Africa, Accra, March 2014 Dr Trevor Keel
• 2.
  World Gold CouncilMembers World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 2
• 3.
  Stimulating and sustainingdemand for gold • The global authority on gold and the first source of informed opinion • Develop insights into future role of gold across the multiple sources of gold demand • Collaborate with partners, intervene to deliver solutions and create new markets, which increase and sustain the demand for gold World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 3
• 4.
  Gold for Developmentat the WGC World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 4
• 5.
  World Gold Council| Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 5 Value Distribution in Africa
• 6.
  World Gold Council| Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 6 Focus on Ghana
• 7.
  Beyond the numbers...Malaria control in Obuasi • In 2005, the Obuasi Mine Hospital (Edwin Cade) recorded on average 6,800 malaria cases each month. Of these, 2,500 were mine employees • With an average of three days off per patient, an estimated 7,500 man- shifts were lost per month • This coupled with the slow work rate during recuperation, resulted in a major loss in production • Cost of medication for malaria treatment was USD 660,000 per annum • School and work absenteeism was rife World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 7
• 8.
  Beyond the numbers...Malaria control in Obuasi • Implement a complete integrated malaria control programme covering the entire municipality • Initial Cost: $1.7 million • Thereafter: $1.5 million per year • AIM – To reduce the incidence of malaria by 50% in 2 years World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 8
• 9.
  Beyond the numbers...Malaria control in Obuasi World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 9 • In 2008, the Global Fund approved a total grant amount of $133million to scale up IRS into 40 districts in Ghana by 2015 • AngloGold Ashanti was selected by the Country Coordinating Mechanism (CCM) as the Principal Recipient of the Grant • A total of 8million people will be protected by IRS in the most endemic communities in Ghana • Over 3800 jobs created nationwide • Local capacity and strong partnerships built for IRS
• 10.
  Beyond the numbers...Malaria control in Obuasi 10World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 6711 6213 973 238 0 1000 2000 3000 4000 5000 6000 7000 8000 2005 2006 2007 2008 2009 2010 2011 2012 2013 Pre Intervention Intervention Period Cases No. of Malaria Cases seen at the Edwin Cade Hospital, Obuasi (2005-2013) Cases
• 11.
  AGA are notalone... 11World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014
• 12.
  Gold Demand World GoldCouncil | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 12
• 13.
  Electronics remains akey market for gold World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 13
• 14.
  Uses in electronics •Excellent conductivity (although copper and silver are better) • The best corrosion resistance - durability • Highly malleable • Fine gold wiring inside microchips (bonding wire) • Thin gold plating on contacts and connectors World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 14
• 15.
  Using gold innanotechnology World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 ....like a new material • Inert, corrosion resistant, golden • Ideal for electronics, durable coatings, decoration Gold • Active catalyst, colourful, novel optical properties • Chemical reactions, medicine, clean energy, advanced electronics Nanogold 15
• 16.
  Momentum in goldnanotechnology research World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 16 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 No of patents Source: Johnson Matthey, World Gold Council
• 17.
  Malaria diagnostics –making every nanoparticle count World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 17
• 18.
  Gold in medicine •Gold already used in arthritis treatments, medical implants, pregnancy testing kits • Significant interest in using biocompatability of gold in drug- delivery and medical imagery • Numerous start-up companies operating in the field – Cytimmue, Aurasense, Nanospectra for example World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 Gold particles carry chemotherapy drug directly to tumour increasing the effectiveness and reducing side-effects 18
• 19.
  Peering into theunknown... World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 19
• 20.
  Summary • World GoldCouncil member companies make a significant contribution to economic growth in Africa • Beyond the economics, they impact societal development in a variety of ways. For example, supporting health and wellbeing in the mines yields enormous benefits within the communities more broadly, and in some cases, throughout entire countries • But its not just mining – the gold itself is often a critical component in many items we take for granted on a day-to-day basis. World Gold Council | Sustainable Socio-Economic Development – The Role of Gold, and Gold Mining | 4th March 2014 20
• 21.
  World Gold Council 10Old Bailey, London EC4M 7NG United Kingdom T +44 20 7826 4700 F +44 20 7826 4799 W www.gold.org Thank you
• 22.
  Disclaimer This presentation isprovided solely for general information and educational purposes. It is not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, gold, any gold related products or any other products, securities or investments. It does not, and should not be construed as acting to, sponsor, advocate, endorse or promote gold, any gold related products or any other products, securities or investments. This presentation does not purport to make any recommendations or provide any investment or other advice with respect to the purchase, sale or other disposition of gold, any gold related products or any other products, securities or investments, including without limitation, any advice to the effect that any gold related transaction is appropriate for any investment objective or financial situation of a prospective investor. A decision to invest in gold, any gold related products or any other products, securities or investments should not be made in reliance on any of the statements in this presentation. Before making any investment decision, prospective investors should seek advice from their financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision. While the accuracy of any information communicated herewith has been checked, neither the World Gold Council nor any of its affiliates can guarantee such accuracy. In no event will the World Gold Council or any of its affiliates be liable for any decision made or action taken in reliance on the information in this presentation or for any consequential, special, punitive, incidental, indirect or similar damages arising from, related to or connected with this presentation even if notified of the possibility of such damages. Expressions of opinion are those of the author and are subject to change without notice.