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Q: Alliance for exporting gold from Congo ( Answered,   0 Comments )
Subject: Alliance for exporting gold from Congo
Category: Miscellaneous
Asked by: cobra007-ga
List Price: $55.00
Posted: 19 Nov 2005 11:37 PST
Expires: 19 Dec 2005 11:37 PST
Question ID: 595195
Who can we contact to legally export gold from Congo and what are the
fees and legal regulations for this activity in Congo and to legally
export (As in licensing, subcontracting, etc).

Please provide valid contact info such as the website or contact
number for entities providing sub-contracts to export gold from Congo.
Please also provide more information on how to legally export gold
from Congo.
Subject: Re: Alliance for exporting gold from Congo
Answered By: webadept-ga on 19 Nov 2005 14:50 PST

In order to export Gold from Congo you must go through a trading house
which as an authorized export license granted by the Minister of Mines
in Kinshasa

--? In July 2002 the Congolese government, assisted by the World Bank,
established a new Mining Code to regulate the extraction and trade in
certain listed minerals, including gold.  Many investors applauded the
code, expecting it to bring order to the extractive industries. Some
regulations, like those on artisanal exploitation of minerals, were
similar to previous legislation.  Artisanal miners, licensed by the
state, were to be permitted to extract minerals throughout the
country, except in areas restricted by concessions granted by the
government. To show they were authorized to extract gold, diamonds, or
other minerals, artisanal miners had to obtain cards valid for the
area concerned.  Artisanal miners were permitted to sell gold only to
state-authorized traders, exchange markets, or trading houses.
Traders, who generally brought at the mining site and sold to trading
houses in larger towns, could sell only in the Congo and were not
authorized to export gold. The new mining code permitted the export of
gold only by trading houses so authorized by the Minister of Mines in
Kinshasa, who had authority to limit the number of export licenses

You can get a copy of the Mining Code in English or French on this page

Paying particular attention to Mining Code Articles 111, 116, 117, 120 and 122.

Congo (Kinshasa)


Address: Building GECAMINES

Ingele Ifoto, Minister
Tel: (243) 81 88 88 827  or  81 51 39 514

Louis Leonce Chirimwami Muderhwa, Vice-Minister of Mines
Tel: (243) 99 99 71 061  or  81 99 71 061

Kalala Budimbwa, Chief of Staff
Tel: (243) 99 70 25 589


Address: Building BCDC
Blvd du 30 Juin
Kinshasa, Gombe

Chantal Ngalula Mulumba, Minister
Jean Kalala, Chief of Staff
Tel: (243) 81 33 30 754

DRC Embassy Information

?The DRC lacks a functioning legal system and adequate protection of
property rights.  The large state enterprise sector continues to
operate with little transparency or accountability, and striking
public servants regularly hamper government operations.  Corruption
remains endemic in business and political transactions.  These
conditions are exacerbated by intra-governmental wrangling as various
parties to the transitional regime attempt to position themselves for
upcoming elections. ? ?

?U.S. businessmen considering the DRC must therefore follow
developments closely, distinguish rhetoric from action, compare the
rules on the books with the realities on the ground, and carefully
weigh the extremes of inflated optimism and exaggerated cynicism which
color many local assessments.??

?The Congo?s business language is French??

-------  Contact Information for Exporting Gold ------

Moto Gold Mines

AngloGold Ashanti:
Charles Carter, Vice President at AngloGold Ashanti:  
The company has made preparations to ?commence exploration drilling on
the Kimin prospect [OKIMO] in the Ituri region of the DRC?[W]hile this
is obviously a tough environment right now, we are looking forward to
the opportunity to fully explore the properties we have in the Congo,
believing that we now have access to potentially exciting growth
prospects in Central Africa."

?Njabu [President of the FNI] now has power due to the gold he
controls and [the presence of] AngloGold Ashanti. This is his ace and
he will use it to get power in Kinshasa. "


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