HomeEvent NewsFirst industrial gold mine since 1950s to launch in the DRC

First industrial gold mine since 1950s to launch in the DRC

The Twangiza Project in the Democratic Republic of Congo will be the country’s first industrial gold mining operation to open in more than half a century. The Canadian-owned Banro Corporation is scheduled to pour the first bar of gold at this open-pit mine sometime in the fourth quarter of this year.

This opening of this mine marks the end of a long hiatus from industrial gold mining in the DRC, which has fallen into the realm of numerous small-scale artisanal mines, notorious for funding competing armed groups in the area.

Located in the east of the country, South Kivu, along with North Kivu, have been the centre of the conflict resulting from the Second Congo

Banro is currently developing four gold properties comprising of 13 Exploitation Permits, with mining licenses, in the South Kivu and Maniema Provinces of the DRC. These properties, totalling 2,616 square kilometres, occur along the 210 km Twangiza-Namoya gold belt.

Hear from Banro Corporation and other investors at international mining forum in the DRC

From 3-4 October 2011 the annual Infrastructure Partnerships for African Development (iPAD) DRC conference and exhibition takes place in Kinshasa.  This strategic meeting between government stakeholders and investors to the DRC is not to be missed by anyone with business interests in the DRC.

A two-day programme including presentations from investors like Banro Corporation, Randgold Resources, Anvil Mining and more will give insights into the on-the-ground realities of making your investments work in this mineral rich country.

Pivotal to the industrialisation of the mining sector in the DRC is the ramp-up of infrastructure, in particular power infrastructure.   iPAD DRC is hosted by the DRC’s Ministry of Mines as well as state electricity utility, SNEL and there substantial focus on the infrastructure needs of the country and the strategies to improve electricity access.

Make sure you attend iPAD DRC! To register visit www.drc.ipad-africa.com