Congo Gold Trader Targets 15 Tons of Artisanal Bullion

Congo's state gold trader aims to collect 15 tons of artisanal bullion this year. The central bank has priority access to the metal to build national reserves.

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The state-owned gold trading house of the Democratic Republic of the Congo has announced plans to scale its operations significantly, targeting the purchase and sale of 15 metric tons of artisanal gold by 2026. This initiative represents a major effort by the government to formalize a sector that has historically been plagued by smuggling and informal trade.

Workers labor on a tailings dam sludge plain at the Kibali gold mine, located in the Haut-Uele province of the Democratic Republic of Congo, in October 2021. REUTERS/Hereward Holland
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