The national gold days in the Democratic Republic of Congo, called “Wolo”, are scheduled for October 24 to 25, 2023. This major event aims to highlight the gold sector in the country and promote its economic development.
The organizing committee for these meetings, led by Prince Nyampala, recently held meetings with the Chamber of Mines of the Congolese Business Federation (FEC) in order to refine strategies for the success of these national gold days . This collaboration between players in the mining sector and those responsible for this event demonstrates the importance given to the gold industry in the DRC.
The president of the Organizing Committee emphasizes that the profits generated by the gold sector must first benefit nationals. This desire to develop the country’s mineral resources and to encourage the participation of the Congolese in this strategic industry is essential to ensure sustainable economic development.
The Chamber of Mines, as a department of the FEC, plays a key role in the promotion and development of the mining industry in the DRC. Bernadette Pundu, coordinator of the Chamber of Mines, affirms that her structure is ready to support the Organizing Committee of the “Wolo” project. This collaboration demonstrates the involvement and commitment of private sector actors in the development of the Congolese gold sector.
The gold sector in the Democratic Republic of Congo is attracting increasing interest from foreign investors and policy makers. In recent years, the country has seen a significant increase in its gold production, notably through partnerships with companies specializing in the purchase of artisanal gold, such as Primera Gold.
In just seven months, Primera Gold managed to mobilize more than 3 tonnes of gold, compared to only 30 kilos per year a few years ago. This performance demonstrates the country’s mining potential and the ability of companies to efficiently exploit these resources.
Thanks to this joint venture, revenues from the gold mining sector in the DRC reached a record level of $1.2 million at the end of August 2023, compared to only $50,000 for the entire 2022 financial year. This significant increase illustrates the growth and economic development opportunities offered by the Congolese gold industry.
In conclusion, the national “Wolo” gold days in the Democratic Republic of Congo are a major event to promote the country’s gold sector. The collaboration between the Organizing Committee and the Chamber of Mines demonstrates the commitment of stakeholders in the sector and the desire to promote Congolese mining resources. With strong partnerships and responsible exploitation of resources, the Congolese gold sector can contribute significantly to the country’s economic development.