Primera Gold’s success in purchasing and exporting gold to the Democratic Republic of Congo
The Primera Gold Company experienced remarkable success during the second half of 2023 in the purchase and export of gold in the Democratic Republic of Congo. In fact, it was able to acquire and export more than 3,000 kilos of gold, which is equivalent to approximately 190 million US dollars. This exceptional performance was announced by the company’s general manager during a press conference in Bukavu, in the province of South Kivu.
This success is mainly attributed to two key factors: the banking of the system of purchasing and selling artisanal gold and an increased fight against mining fraud. By requiring all traders working with Primera Gold to have bank accounts, the company helps combat smuggling and ensure payment transparency. Today, nearly 95% of payments made by Primera Gold are made through banking transactions, a practice which constitutes a first in the gold industry.
The general director of Primera Gold, Joseph Kazibaziba, stressed that the fight against smuggling is everyone’s business, and encouraged the collaboration of all stakeholders involved in the mining sector. Only by working together can we ensure responsible and ethical exploitation of gold resources.
Although Primera Gold’s performance is impressive, Joseph Kazibaziba acknowledges that the company’s goal is to achieve a monthly purchase and export volume of 1,000 kilos of gold. He believes this is achievable and is already pleased with the positive figures recorded over the last seven months, with more than 3 tonnes of gold purchased, traded and exported with transparency.
This success of Primera Gold demonstrates the importance of combating mining fraud and applying transparent business practices in the gold sector. It also makes an essential contribution to the economic development of the Democratic Republic of Congo by ensuring the export of its natural resources in a legal and responsible manner.
In conclusion, Primera Gold positions itself as a major player in the purchase and export of gold in the Democratic Republic of Congo. Through its efforts to combat smuggling and ensure transparency of transactions, the company contributes to the country’s economic development while respecting the ethical standards of the gold industry