DEMOCRATIC REPUBLIC OF CONGOOFFICE OF THE GOVERNOR

ORIENTAL PROVINCE

Opportunities in precious metals mining sector in DRC Accra, 28th September 2015

Albert ZAMUNDU

Agenda

• Overview of The Democratic Republic of Congo

• An Introduction into the Precious Metal Mining Sector

• Minerals In the National Economy• Small Scale Artisanal Mining• Conclusion

Overview of the DRC

• Population 70 million• +3.4 million km sq.• Broken 11 Provinces• 10th in the world

ranking of mineral reserves

• Over 2.5m artisanal digger (1/2 specific to gold.

• 9 bordering countries & the hart of ICGLR

Province Oriental

Precious Mineral Mining Sector

• Top Minerals: Copper, Cobalt, Gold, 3T’s & Diamonds• Top 3 Industrial Mining: Kibali Gold (RandGold), Tenke Fungurume & Banro

• Top Mining Areas: Province Oriental, Katanga & South Kivu

Mineral’s in the National Economy

• Export 75%, Fiscal Revenue 25%, GDP 25%• Majority Foreign Direct Investment (FDI) is in

Mining!• Challenging & evolving Market

Small Scale Artisanal Mining

• Challenging with huge potential• Unstructured & Unformal• Estimated 500k diggers in

Province Oriental alone• Social Economic Impacts• 97% of artisanal gold

smuggled to neighboring countries!

• Sustainable & rewarding solutions exist: MineralCare

Conclusion

• Opportunities are present for the right investor

• Challenges do exits• ROI are achievable• Transparency is key!• Training & equipment are

required• Social and Economic

Empowerment• Beneficiations is crucial!