*** Title: Primera Gold DRC SA: A gold export record in the Democratic Republic of Congo ***
Introduction :
Primera Gold DRC SA, a joint venture between the United Arab Emirates and the Democratic Republic of Congo, recently made headlines by breaking a gold export record in the country. With more than 3,000 kilos of gold exported in the second half of this year, it has succeeded in stimulating the economy and combating smuggling. In this article, we will explore in detail this achievement and the possible concerns raised by certain political actors.
The success of Primera Gold DRC SA:
Led by Joseph Kazibaziba, Primera Gold DRC SA has had an excellent performance in buying and exporting gold in the Democratic Republic of Congo. Thanks to the banking of the artisanal gold buying and selling system and the intensification of the fight against mining fraud, the company has managed to buy and export more than 3,000 kilos of gold in just a few month. This outstanding performance helped to fight smuggling and increase transparency in the gold sector.
The challenge of opacity:
However, despite these impressive results, Primera Gold DRC SA has been accused of opacity by some elected members of the Congolese Parliament. According to them, the agreement between the Congolese government and the Emirati company would have granted a monopoly to Primera Gold DRC SA for 25 years on gold, coltan, cassiterite and cobalt. This situation has raised concerns about transparency and fairness in the Congolese mining sector.
The concerns of the deputies:
Some Congolese deputies, such as Alfred Maisha Bishobibiri, denounce this supposed organized mafia and demand explanations from the Ministers of Finance, Mines and Portfolio. According to them, Primera Gold DRC SA benefits from numerous tax advantages and exemptions that are not granted to other Congolese mining companies. These deputies also underline the significant financial losses suffered by the Congolese State as a result of these privileged agreements.
Impacts and prospects:
Despite the controversies surrounding Primera Gold DRC SA, there is no doubt that the company has made a significant contribution to the Congolese economy. With a record volume of more than 3 tonnes of gold exported, its activity has strengthened the trade balance and attracted foreign investment. However, it is essential to closely examine the concerns expressed by elected officials and to ensure that transparency and fairness are respected in the mining sector.
Conclusion :
Primera Gold DRC SA has reached heights in the field of gold export in the Democratic Republic of Congo. Thanks to its ability to fight smuggling and increase transparency, it has been able to record exceptional performance. However, controversies surrounding his privileged deals underscore the importance of close oversight and proper regulation of the Congolese mining sector. It is up to the competent authorities to ensure that the country’s natural resources benefit the entire population and contribute to its economic development