Transcript Establishment of Standard Bank Central American and Caribbean

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
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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!