EMIRAL RESOURCES

Historically, jewellery demand for gold was the dominant source, but that is changing. This shift tells us a lot about why prices remain high. In 2025, investment demand reached approximately 2,175 tonnes, overtaking jewellery consumption at around 1,542 tonnes, whilst central banks continued to accumulate gold at record levels. Geopolitical uncertainty and fragmented financial systems have increased diversification away from traditional financing, influencing how central banks and institutional investors view gold. This change in demand also raises a new question for the mining industry: with a new gold project taking up to 20 years to bring into production, how will supply respond to an evolving market? Read our latest post where we explore the trends shaping global gold demand.

In the remote Tiris Zemmour region of northern Mauritania, Emiral is taking important steps towards bringing the Iguidi Gold Project into production. with FEED engineering works nearing completion, the project is moving closer to a final investment decision, mining site development, construction and first gold production.

Mauritania’s mining sector is entering an important new chapter, with investment, industrial development and collaboration at the heart of the conversation. At Mining on Top Africa 2026 in Paris, Emiral joined the Mauritanian government delegation for discussions on the opportunities shaping the country’s mining future.