The mining potential of the Democratic Republic of Congo continues to arouse the interest of international investors. After copper and cobalt, it is gold’s turn to become a real asset to increase the country’s public revenue.
According to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade of the DRC, the price of gold is expected to experience a significant increase in international markets this week. Indeed, it is estimated that one gram of gold will trade at $62.19, an increase of $0.88 from the previous week.
The encouraging results of the joint venture between the DRC and the United Arab Emirates have already enabled the export of more than three tons of raw gold from artisanal mining in July 2023, generating $1.2 million in revenue for the country. Congolese State at the end of August 2023.
Mining sector experts estimate that the DRC has the potential to export more than 60 tonnes of gold per year, provided transport and security for artisanal miners is ensured, especially in the most remote regions of the country.
Although gold is often associated with countries like South Africa or Australia, the DRC is now positioned as a major player in the international gold market. Rising gold prices confirm the growing importance of this mineral in the Congolese economy.
Besides gold, the DRC continues to see an increase in the prices of other mining products. Copper is expected to hit $8,377.70 per ton this week, Cobalt $32,733.00 per ton, Zinc $2,391.50 per ton and Tin $25,582.00 per ton.
This upward trend in the prices of mining products reinforces the position of the DRC as a country rich in natural resources and opens up new opportunities to stimulate economic growth and public revenues.
In conclusion, gold mining in the Democratic Republic of the Congo is booming and adds to the list of the country’s flagship mining products. With rising prices and strong export potential, gold offers new economic opportunities for the country and helps diversify its sources of income. The DRC thus confirms its position as a major player on the international market for natural resources.