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WallStreetPR Releases Report on China’s Gold Purchases and African Mining Investment

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Dallas, TX, USA, August 12th, 2026, FinanceWire

WallStreetPR, a financial news and publishing company, today released a report examining China’s central bank gold purchases and the accompanying expansion of Chinese mining capital into Africa’s gold sector. Read the full report at WallStreetPR

Report Highlights

According to the report:

  • The People’s Bank of China added roughly 15 tonnes of gold in June, its largest monthly purchase in nearly three years and its 20th consecutive month of buying — the longest streak since the bank began publishing regular reserve data in 2015.
  • The purchase came as spot gold fell more than 11% in June, posting its worst month since the 2008 financial crisis and briefly dropping below $4,000 an ounce for the first time since November, pressured by a stronger dollar and a more hawkish Federal Reserve.
  • Western institutional investors pulled back even as China accelerated its buying every month this spring. The report states that analysts link the divergence to a broader push by sovereign buyers to diversify reserves away from the U.S. dollar, though no official policy tying the purchases to a gold-backed currency has been announced.
  • Chinese mining companies have moved into African gold production over the past year. Zijin Mining agreed in January to acquire Toronto-listed Allied Gold in a deal worth roughly $4 billion, targeting producing mines in Mali and Côte d’Ivoire along with a development project in Ethiopia. The companies mutually terminated the acquisition agreement on July 29, 2026, after failing to secure Chinese regulatory approval in time; Zijin instead took a 9.2% stake in Allied Gold for roughly $295 million through a private placement.
  • A subsidiary of Chinese defense contractor Norinco separately raised its stake in a gold project in Sudan.
  • Global exploration spending on discoveries has fallen to its lowest level on record, while spending near existing mines has climbed, according to data cited in the report. Africa was one of the few regions where exploration budgets grew last year.
  • The report profiles companies operating in Tanzania’s Geita gold belt, where Chinese capital and Western mining activity increasingly overlap. Barrick Mining (NYSE: B) and AngloGold Ashanti (NYSE: AU) both operate major mines in the region. TRX Gold (NYSE: TRX) reported record quarterly production and a 59% margin in its most recent results. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has moved personnel and contractors onto its Imwelo project ahead of a targeted construction start this quarter, backed in part by a gold-denominated loan facility.
  • Goldman Sachs has trimmed its 2026 gold price forecast but remains above current spot levels, the report noted, citing analysts who described their outlook as structurally constructive despite near-term caution.

About the Report

The full report details the financing, production data and analyst commentary behind the shift, along with a broader look at the companies positioned across Africa’s gold belt as Chinese demand continues.

Read the full report at WallStreetPR

About WallStreetPR

WallStreetPR is a financial news and publishing company that maximizes investor awareness for public and private businesses. Its core mission is to empower individuals by creating a highly connected, well-informed investor community. For more information, please visit wallstreetpr.com.

Full terms of use and disclaimers applicable to all WallStreetPR content, wherever published or re-published, are available at: wallstreetpr.com/disclaimer

Read the complete analysis at WallStreetPR.

NOTE TO INVESTORS: WallStreetPR is a financial news and publishing company that maximizes investor awareness for public and private businesses. Its core mission is to empower individuals by creating a highly connected, well-informed investor community. For more information, please visit https://wallstreetpr.com

Please see full terms of use and disclaimers on the WallstreetPR website applicable to all content provided by WallstreetPR, wherever published or re-published: https://wallstreetpr.com/disclaimer/

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Press Release

LM Electronics Highlights Electric Kettle Buying Considerations in Bangladesh

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CHAPAINAWABGANJ, Bangladesh, 22 October 2026, ZEX PR WIRE — LM Electronics, an online home appliance retailer based in Chapainawabganj, Bangladesh, is providing customers with online access to product information about Vision electric kettles, helping buyers explore available options and understand important considerations before purchasing.

Electric kettles are widely used for everyday tasks such as preparing tea and coffee and heating water. However, selecting a suitable model requires more than comparing prices. Capacity, power rating, safety features, product specifications and warranty conditions can all influence a customer’s purchasing decision.

Understanding Electric Kettle Buying Considerations

Customers considering an electric kettle should first assess their household requirements. Capacity is important for determining how much water can be heated at once, while wattage provides information about the appliance’s power rating. Buyers should also review the safety features and specifications listed for each individual model.

Warranty coverage is another important consideration. Understanding the manufacturer’s warranty terms and available after-sales service can help customers make informed decisions and know where to seek assistance if a product requires servicing.

LM Electronics provides an online destination for customers researching the Vision Electric Kettle range in Bangladesh. Its dedicated brand page allows shoppers to explore available products and review published information before deciding which option meets their needs.

Comparing Prices and Product Information

Price comparison is an important part of researching household appliances. Customers looking for the Vision Electric Kettle Price in Bangladesh can visit the LM Electronics website to check available options and review individual product details.

Prices and availability may vary between models, so customers should consult the current listings before placing an order. Comparing specifications alongside price can help buyers identify an appliance that suits their intended use and budget.

Nationwide Delivery and Manufacturer Warranty

Founded in October 2025, LM Electronics operates from Chapainawabganj and delivers household appliances nationwide. Its online business model serves customers beyond major metropolitan centres, including buyers in district and upazila towns who may have limited access to a broad selection of appliances through local retailers.

The company supplies official products carrying manufacturer warranties rather than unofficial or grey-market goods. After-sales service is handled through the respective manufacturer’s service network. Cash on delivery is available, allowing customers to pay when their orders arrive.

Customer support is provided in Bangla and English, both before and after purchase. The company also publishes product specifications and relevant warranty conditions to support more informed purchasing decisions.

About LM Electronics

LM Electronics is an online home appliance retailer founded in October 2025 and based in Chapainawabganj, Bangladesh. It supplies official household appliances with manufacturer warranties and offers nationwide delivery, with cash on delivery available.

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Press Release

Phil and Dom Kwok Now Worth $1.1 Billion as EasyA Reaches Unicorn Valuation

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San Francisco, CA, October 22nd, 2026, FinanceWire

Latest valuation vaults brothers Phil and Dom Kwok into the ranks of billionaires.

The latest valuation of AI and blockchain engine EasyA has propelled its co-founders, brothers Phil and Dom Kwok, into the ranks of billionaire founders as AI and blockchain heat up globally.

In the four years since launching in 2022, EasyA has become the engine powering the world’s leading AI and blockchain companies. The EasyA app has over 1.3 million users, and EasyA is the trusted partner of companies like Google, Amazon, Coinbase and Ripple.

The milestone puts the Kwok brothers among a new generation of founders whose fortunes are being built on AI and blockchain. The brothers’ combined stake in EasyA is now worth $1.1 billion.

“When Dom and I were coding EasyA in our childhood bedrooms, I couldn’t have imagined we’d be here today,” said Phil Kwok, Co-Founder and CEO of EasyA. “We’ve built a generational company by taking long-term decisions and only ever answering to our users.”

“Money isn’t the yardstick. What matters is how many lives we change along the way,” said Dom Kwok, Co-Founder and COO of EasyA. “People have learned to build on EasyA and come to our hackathons, and some have gone on to launch companies like Cognition. The companies our community has started are now worth around $50 billion combined. That’s what we’re proudest of.”

About EasyA

EasyA is the engine powering the world’s leading blockchain and AI companies. Our mission is to accelerate the development and adoption of the most important frontier technologies. The EasyA app has over 1.3 million users and partners with 350+ of the world’s top academic institutions, forming the launchpad for the latest generation of AI and blockchain applications. EasyA is the trusted partner of the world’s leading AI and blockchain companies like Google, Amazon, Coinbase, Ripple and many others.

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Press Release

Tejere Anderson Services CEO Tejere Jolomi Thomas Outlines Community-Led Upstream Approach

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Chief executive discusses upstream operations and community programmes in the Niger Delta.

ABUJA, Nigeria, October 22, 2026: Tejere Jolomi Thomas, Chief Executive Officer of Tejere Anderson Services and Executive Vice President of Ocean Wave Group, has set out an upstream approach centred on community programmes, technology and transparency.

Thomas has more than 20 years of experience in upstream operations, deep offshore and exploration, and the development of community programmes and engagement, working across onshore, swamp and creek environments in the Niger Delta. His focus is upstream operations that involve host communities as partners from the start.

Thomas was recruited in December 2010 for the Escravos Gas-to-Liquids (EGTL) project in Delta State, which kicked off in January 2011 and ran until July 2013.

Thomas is an associate of Government Oweizide Ekpemupolo, popularly known as Tompolo, a Niger Delta leader.

Since 2024, he has also led the protection and optimisation of pipeline networks at Ocean Wave Group.

SMART PETROLEUM GOVERNANCE

Thomas advocates Smart Petroleum Governance, a framework built on three pillars: modernisation, transparency and efficiency. It proposes digital monitoring systems that track operations in real time, data-driven decision-making, and security infrastructure designed to anticipate threats rather than react to them.

“Every upstream project begins in someone’s community. Get that relationship right and the rest of the work follows,” said Thomas. “Africa cannot measure or fairly distribute what it cannot see. We must govern our energy future intelligently, visibly and on our own terms.”

COMMUNITY ENGAGEMENT

An indigene of Kokori, Ethiope East Local Government Area, Delta State, Thomas works between energy investors, government institutions, contractors and host communities. His work focuses on reducing operational disruption, strengthening host-community engagement frameworks, and promoting equitable resource distribution and environmental responsibility.

ABOUT TEJERE ANDERSON SERVICES

Tejere Anderson Services is a Nigerian energy services company specialising in upstream oilfield support, community programmes development and engagement, and pipeline security, led by CEO Tejere Jolomi Thomas.

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Tejere Anderson Services CEO Tejere Jolomi Thomas Outlines Community-Led Upstream Approach

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