{"id":331602,"date":"2026-03-10T11:57:08","date_gmt":"2026-03-10T11:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/331602\/"},"modified":"2026-03-10T11:57:08","modified_gmt":"2026-03-10T11:57:08","slug":"drcs-state-gold-project-targets-15-tons-of-artisanal-gold-with-central-bank-backing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/331602\/","title":{"rendered":"DRC\u2019s state gold project targets 15 tons of artisanal gold with central bank backing"},"content":{"rendered":"<p>\n        DRC Gold Trading, the country\u2019s state-owned gold trading entity, plans to boost the amount of artisanal gold it sells to 15 metric tons this year, with the country\u2019s <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/from-mines-to-vaults-dr-congo-to-channel-state-traded-gold-into-central-bank-reserves\/v06mch0\" id=\"27ed0e60-011a-4e07-8588-ec334edf9823\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">central bank expected to play a key role as a buyer. <\/a>The initiative reflects Kinshasa\u2019s growing push to channel gold from informal mining networks into official markets.\n    <\/p>\n<p>\n        The company was established in December 2022 as a joint venture with the United Arab Emirates to bring more transparency to Congo\u2019s gold sector, which has long been dominated by smuggling and informal trade.\n    <\/p>\n<p>\n        In the past three years, the venture has acquired only about 10 tons of gold for trading, highlighting the scale of the challenge the government faces in formalizing the sector.\n    <\/p>\n<p>\n        The metal would help build Congo\u2019s national reserves, with pricing expected to follow international benchmarks and national regulations.\n    <\/p>\n<p>        Africa\u2019s growing push to control gold resources<\/p>\n<p>                    <img width=\"512\" height=\"293\" alt=\"The Congolese central bank will have priority access to the collected gold, helping to build national reserves at global prices\" title=\"The Congolese central bank will have priority access to the collected gold, helping to build national reserves at global prices\" class=\"image lazyloaded imgWithMetaData\" src=\"data:image\/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'512'%20height%3D'293'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E\" data-original=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/7ZyktkpTURBXy9jNzZlZDQ0YmVkNGYzMmFiNjliMWI0MWU5ZjA3NzBkNi5wbmeSlQMAAM0CAM0BJZUCzQIAzQElwsM\" fetchpriority=\"low\" decoding=\"async\" loading=\"lazy\"\/> <\/p>\n<p>\n        Several African countries, including Mali and Burkina Faso, have moved to increase state participation in gold mining and tighten oversight of exports in recent years, aiming to capture more value from the continent\u2019s natural resources.\n    <\/p>\n<p>\n        For Congo, which is already the world\u2019s largest supplier of key battery metals such as cobalt, gold represents another significant untapped opportunity. The government took full ownership of DRC Gold Trading in 2024 to strengthen oversight of artisanal production and <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/m23-rebels-plunder-dollar70-million-in-gold-from-congo-mine\/2n0snqy\" id=\"1e0c44d4-0d19-4354-89cc-4e40e4ccbdfa\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">reduce illicit exports.<\/a>\n    <\/p>\n<p>\n        More than 45 foreign buyers have expressed interest in purchasing gold from the state trader, though authorities say building domestic reserves remains the priority.\n    <\/p>\n<p>\n        Congo has also taken steps to improve governance in its mining sector amid easing regional tensions and growing international engagement, including <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/congo-deepens-us-ties-with-formal-shortlist-of-high-value-mineral-assets\/dbgqmbz\" id=\"653328d2-fc1b-431d-b047-fd20157a2733\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">diplomatic involvement<\/a> by the United States in efforts to stabilize the country\u2019s conflict with Rwanda. Officials hope that improved stability and oversight will help the country better harness its vast mineral wealth.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"DRC Gold Trading, the country\u2019s state-owned gold trading entity, plans to boost the amount of artisanal gold it&hellip;\n","protected":false},"author":2,"featured_media":331603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-331602","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/331602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=331602"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/331602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/331603"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=331602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=331602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=331602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}