5 Years By Mathew Charnay

  • JULY, 2016

    Artisanal miners continued to mine various sites throughout Conakry, Guinea. The artisanal mining in Conakry, Guinea was occurring throughout the country, causing social issues, environmental issues, while lacking fundamental organization, leadership, & economic stability.

  • AUGUST, 2016

    The destabilizing situation resulting from the artisanal mining had impacted the country’s economy and had become a risk to the country’s infrastructure. Prominent citizens of the country contacted a close friend of Mathew Charnay from the United States to aid in raising capital, which demonstrated the viable chance for greater opportunity & management for the people working at the mines, the country’s ecology, the local and global environment, as well as a more sustainable future for the human & environmental resources. Mathew Charnay had arranged and paid for the flights of vital stakeholders to fly from New York City to Conakry, Guinea. During this long visit, relationships were tested and strengthened. Agreements were made in regards to ownership, operation of, financing of, and management of the mines, including long term options for community impact, and ecological sustainability.

  • NOVEMBER, 2016

    Mathew Charnay made arrangements for an investor to fly with him to Asia in order to participate in equipment negotiations with the investor and the close friend of the investor: the owner of a mining equipment manufacturer in Asia. For over 2 weeks of in-person meetings, vital negotiations continued about financing higher capacity mining equipment for the ore processing from the mines.

  • DECEMBER, 2016

    A joint-venture was struck for the financing of the higher-capacity equipment. Logistics were organized to the U.S. and the operations underwent a strategic change to secure and manage the operations with the least amount of environmental impact, while also maintaining and developing the most amount of profitability for the mines and the end of the supply chain in the U.S..

  • JANUARY, 2017

    The equipment was shipped to the U.S. to facilitate all raw ores to be processed inside the U.S. Raw ores began to ship, with all processing: from crushing to smelting and refining in the U.S.

  • MARCH, 2017

    A standard system had been developed and implemented for the logistics of the shipments of the ores.

  • MARCH, 2018

    New mine sites were acquired in Conakry, Guinea to implement in Charnay’s local processing.

  • MAY, 2018

    Trade relationships had been strengthened. Mathew Charnay began to trade Aluminum alloy with local buyers shortly after local tariffs were imposed.

  • JULY, 2018

    With the result of the tariffs on Aluminum, Charnay began to alter his aluminum trading strategy for the immediate term while diversifying into other metals. Equipment continued to be upgraded, doubling operational capacity from the year prior with plans to upgrade all operational equipment on an annual basis, providing Charnay operations with increases in value and a unique advantage in the NE region.

  • JANUARY, 2020

    COVID-19 response: While perpetually having the right contacts at the right place and time, Charnay knew the impact and extent of the new rapidly spreading virus, which was reportedly from Wuhan, China. Charnay prepared to consolidate operations while preparing for the short term comprehensive digital future.

  • FEBRUARY, 2020

    The impact began to be felt worldwide, with the exception of the vast majority of Africa. Before mid-February, there were active cases in Seattle, Washington and Manhattan, New York. Mathew Charnay was well aware that the virus would have worldwide, permanent consequences that will affect every industry, most notably; raw materials, such as metals. Mathew Charnay prepared to have everything go completely digital, with as little use of physical operations as possible.

  • MARCH, 2020

    The quarantines and mandatory government-ordered furloughs began: Costs began to increase in order to accommodate operations. Systems, operations, and employees were moved to various locations throughout NYC.

  • JUNE, 2020

    The NY State protocols became one of the most successful state-led pandemic relief efforts, with the possibility of resuming normal operations, just as operations had been prior to the pandemic. Contact with ore suppliers remained constant with highly-challenging trade and cargo controls often slowing and stopping the access to Gold ore.

  • JULY, 2020

    NY State had reopened. With Aluminum prices rising rapidly since May 2020, Charnay’s Aluminum trading strategy had changed with a longer term focus on growth. Many countries were now resuming access to global trade logistics. Incoming Gold ore became more regular. Local operations remained near-stagnant with fresh new challenges in complying with Covid-controls, securing assets, and maintaining operational standards.

  • AUGUST, 2020

    Mathew Charnay made the strategic decision to make an adjustment in the operational debt/equity ratio of the assets. Due to historically low interest rates, the available debt at lower than usual rates was a benefit. The annual equipment maintenance and upgrades had been postponed until the following year. At this time next year, the debt/equity ratio will be re-evaluated, in addition to the end of fiscal year evaluations.

  • SEPTEMBER, 2020

    Numerous locations in West Africa, particularly Conakry, Guinea had reopened for exports.

  • FEBRUARY, 2021

    Mathew Charnay re-evaluated the past year. The management structure had changed, dividing overall operating hours into two daily operational segments while consolidating management into key supervisory positions.

  • APRIL, 2021

    Mathew Charnay signs a new MOU with local cooperatives, and implemented the new ESG policy from the United States to be adhered to by the directors of the cooperatives. After lengthy negotiations, the new MOU provides each of the cooperatives with fixed LBMA prices for each ounce of Au sold.

  • SEPTEMBER, 2021

    Mathew Charnay and Co. continue with sourcing for the annual equipment upgrades, following YoY production gains.

  • OCTOBER, 2021

    Following global risks in logistics, political transitions, and supply-chain fulfillment, Mathew Charnay reduces costs per ounce and increases staff
    at manufacturing centers. Security is increased through the development of new internal transparency incentive program.