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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!
