Today’s article highlights a state-owned company called Primera Gold, which specializes in the purchase and export of gold. During this second half of 2023, Primera Gold managed to purchase and export more than 3,000 kilos of gold, for an estimated value of around 190 million USD. This impressive performance is the result of the banking system of buying and selling artisanal gold as well as the fight against mining fraud.
According to Joseph Kazibaziba, Managing Director of Primera Gold, the company aims to achieve the purchasing and exporting capacity of 1,000 kilos of gold per month by the end of the year. He also emphasizes that the fight against smuggling remains a collective responsibility, requiring the commitment of all.
Thanks to this transparency policy, Primera Gold managed to go from purchasing 29 kilos of gold in January 2023 to more than 550 kilos per month in June. In addition, 95% of payments made by the company are now banked, which constitutes a major advancement in the gold sector.
Joseph Kazibaziba is pleased with the results achieved so far, with more than 3 tonnes of gold purchased, traded and exported seamlessly over the past seven months. However, he is aware that there is still a way to go to achieve the company’s ambitious goals.
This performance of Primera Gold reflects the value and importance of the gold industry in the Democratic Republic of Congo. Gold is a valuable resource that contributes to the economic development of the country. Today, a kilo of gold is valued at 63,000 USD on the world market.
In conclusion, Primera Gold positions itself as a major player in the purchase and export of gold in the DRC. Thanks to measures such as banking and the fight against smuggling, the company manages to obtain remarkable results and contribute to the economic development of the country