democratic republic of congo office of the governor oriental province
DESCRIPTION
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 ConclusionTRANSCRIPT
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DEMOCRATIC REPUBLIC OF CONGOOFFICE OF THE GOVERNOR
ORIENTAL PROVINCE
Opportunities in precious metals mining sector in DRC Accra, 28th September 2015
Albert ZAMUNDU
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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
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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
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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
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Mineral’s in the National Economy
• Export 75%, Fiscal Revenue 25%, GDP 25%• Majority Foreign Direct Investment (FDI) is in
Mining!• Challenging & evolving Market
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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
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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!