Democratic republic of congo office of the governor ORIENTAL province Opportunities in precious metals mining sector in DRC Accra, 28th September 2015 Albert ZAMUNDU
Agenda Overview of The Democratic Republic of Congo An Introduction into the Precious Metal Mining Sector Minerals In the National Economy Small Scale Artisanal Mining Conclusion
Overview of the DRC Population 70 million +3.4 million km sq. Broken 11 Provinces 10th in the world ranking of mineral reserves Over 2.5m artisanal digger (1/2 specific to gold. 9 bordering countries & the hart of ICGLR Province Oriental
Precious Mineral Mining Sector Top Minerals: Copper, Cobalt, Gold, 3T’s & Diamonds Top 3 Industrial Mining: Kibali Gold (RandGold), Tenke Fungurume & Banro Top Mining Areas: Province Oriental, Katanga & South Kivu
Mineral’s in the National Economy Export 75%, Fiscal Revenue 25%, GDP 25% Majority Foreign Direct Investment (FDI) is in Mining! Challenging & evolving Market
Small Scale Artisanal Mining Challenging with huge potential Unstructured & Unformal Estimated 500k diggers in Province Oriental alone Social Economic Impacts 97% of artisanal gold smuggled to neighboring countries! Sustainable & rewarding solutions exist: MineralCare
Conclusion Opportunities are present for the right investor Challenges do exits ROI are achievable Transparency is key! Training & equipment are required Social and Economic Empowerment Beneficiations is crucial!