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About Goldridge


Goldridge LL C is the sister company of Goldridge Ghana set up in Dubai to give investors access to the African physical gold sector. Goldridge is a wholly owned Gold company involved in the Ghanaian downstream Small-Scale Mining (SSM) supply chain, i.e. gold buying, gold mining, exporting, equipment supply and gold refining. Our vision is to formalize and bring all Ghanaian SSM produced gold directly to the international markets. Goldridge is working with thousands of SSM 's to provide the support needed to improve their working conditions and livelihoods through responsible, environmentally friendly mining practices and giving them access to the end markets through our logistics chain. Our corporate structure and supply processes have been developed and implemented to support our operations while complying with the various regulations governing the international gold industry to include LBMA and OECD sourcing and financial compliance which has secured us top refining accounts globally.

Our Founder's Quest


Goldridge was founded by Dr. Sledge Duodu over 10 years ago as a local gold trader. He has been on a quest to reshape the business model of the Small-Scale Gold sector in Ghana and West Africa in general by working with the various parties who have a vested interest in the business, The Government Agencies, The Miners, The Environmental Agencies, and the End Refiners. In this light, Goldridge has embarked on a massive undertaking to set up and fully integrate all the Small-Scale Gold Mining regions in the Republic of Ghana through a partnership with the Ghana National Association of Small-Scale Miners. Under this partnership Goldridge is providing the Small-Scale Miners all the support they need to efficiently mine and increase their production for Gold and other valuables by clean and environmentally friendly mining, formalizing their structures to international standards and building the second largest state-of-the-art refinery in Africa to refine gold and add value to Ghanaian SSM gold by exporting refined bullion products.

Our OPerations


Trade/Export:

Goldridge's roots has always been in actively trading physical gold in the form of raw Dore from Ghana, West Africa. In 2019, we exported in excess of $50 million USD of Dore to our various private and refining clients globally. These clients are known leaders in the industry who supply large amounts of Bullion to the market. Our refinery accounts have open purchase terms for any gold we deliver with payment after assaying and refining. As a direct account holder with these refineries, we get the best pricing in the wholesale market. This year, we have achieved the feat of securing an LBMA Refinery account. The LBMA (London Bullion Market Association) is the world center for the trading of precious metals and industry benchmark for pricing and clearing of investment grade gold. This enables Goldridge to maximize its profitability, shows the level of trading, and is a testament to our stringent due diligence processes we have implemented in our supply chain,

Mining:

We have a strong partnership with over two thousand direct small to medium scale miners across Ghana. This partnership has been developed over six years and is Goldridge's competitive advantage. The Small-Scale Miners (SSMs) produce over 40% of Ghana's official gold exports which in 2019 equated to over $2 billion USD worth of gold officially and even more unofficially, most of which comes to Dubai through informal networks for refining and enters the LBMA market thereafter. Goldridge has the ability to formalize this network, bringing the small scale gold production directly to the international LBMA market, By formalizing the SSMs gold, making it official, will provide the Dubai gold market the much needed transparent supply chain it currently is lacking. Having this partnership with the SSMs gives Goldridge full control of the gold. Combine this with our history in gold trade and it greatly reduces any risk exposure, having insulated our business from any third parties, providing inherent security to our operations. Controlling the entire product from Mine to End Market gives Goldridge an advantage as a client and supplier for our customers. We provide a transparent responsibly sourced supply chain with proven exports, giving our refinery clients the relief of knowing our gold is fully identifiable in full compliance with the various industry regulations.

Refining:

Ghana is on important contributor to the global commodity markets with mining contributing 5% of its GDP, minerals make up 57% of total exports of which, gold contributes over 90% of the total mineral exports. We believe this figure can be improved by increasing the value of precious metals mined by transforming from a raw exporter to exporting refined gold.


Mining Contribution to Ghana GDP 5%

Total meneral export 57%

Percentage of Gold in total Menral Exports 90%



Goldridge has started construction of the Goldridge Refinery in Accra, Ghana. It will be the second largest international standard gold refinery on the continent with a refining capacity of 500 kilos of gold per day. The refinery will utilize state of the art Italian technology and processing to meet the stringent international standards set by the London Bullion Market Association.

The refinery will be government sanctioned to refine the small- scale gold production to promote Ghana's gold on the international market and bring value addition to our gold industry by exporting Bullion products.





Business Structure





Trade/Export

will always be the lifeblood of Goldridge, providing the bulk of the investment returns and security by always having physical possession of the gold in our platform.

Mining

is the longevity of the business by providing a long term consistent supply of gold to be sold by Goldridge. This removes the supply limits your typical gold traders face specifically in a time period where gold is scarce, no new large commercial finds are occurring, and the paper trade has ballooned to astronomical proportions compared to physical gold available.


Refining

is the profit margin growth and value addition for Golclriclge by turning Ghana's SSMs from raw gold to refined gold exports, increasing the value of the gold receipts to the country, increasing the SSMs revenues from mining and adding additional profits to Goldridgets IRR. This also closes the trade cycle by enabling Ghana to export its bullion products directly to the world trading hubs of Middle East, Europe, USA and the Far East.

Market Factor

Currently the gold production in Ghana is separated into two sectors, Large Scale Mining (LSM) and Small Scale Mining (SSM). Any and all historical production data for the country is produced from the combination of these two producer groups. Ghana became the largest gold producer on the continent II 2018, overtaking South Africa for the first time and has retained this title since


Goldridge is only focused and operating in the SSM gold sector which accounts for roughly 40% of the official annual gold output coming from registered SSMs. These numbers exclude any unofficial production which we do not endorse or accept. Our formalization efforts are specifically targeted in this SSM sector with currently producing operators who we document, i.e full KYC paperwork created in coordination with Minerals Commission/Ministry of Mines (mining rights, leases, concessions), PMMC (assaying), Registrar General (corporate registration, filings), and Ghana Revenue Authority (withholding tax payments). Solidaridad is auditing and certifying the identified mines with the goal of formalizing the entire offical SSM producers of Ghana.




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Contact us


Accra Ghana, Dubai UAE

Phone: +233.50.256.4885

info@goldridgeholdings.com


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