News Industry

DRC Expands State Gold Buying to Curb Artisanal Smuggling

DRC Expands State Gold Buying to Curb Artisanal Smuggling
Friday, 13 February 2026 19:07
  • DRC Gold Trading opened a Lubumbashi branch to channel artisanal gold.
  • First official shipment from Haut-Katanga topped 20 kg, worth over $2 million.
  • The state firm targets up to 18 tons of annual artisanal gold exports.

DRC Gold Trading S.A., the state-owned company responsible for purchasing, marketing and exporting artisanal gold, announced on Feb. 10, 2026, that it has expanded into Haut-Katanga province with the opening of a branch in Lubumbashi. The move aims to channel locally mined artisanal gold into formal export circuits.

Days after opening the office, the company reported collecting, tracing and officially exporting a first batch of more than 20 kilograms of artisanal gold from Haut-Katanga. Based on the 2025 average gold price, the shipment was worth more than $2 million.

Although Haut-Katanga is historically associated with copper and cobalt production, artisanal gold mining has been reported in areas such as Kilolo, in the Kipushi territory. Most of the output, however, does not appear in official export statistics, as large volumes are believed to leave the country through informal or illicit channels.

A 2024 United Nations report described artisanal gold mining in this part of the country as intense, pointing to significant production occurring outside formal systems. The opening of a buying office is intended to integrate these flows into an official framework of traceability and commercialization.

In the same statement, DRC Gold Trading said it had also opened a second buying office in Haut-Uele province, in the mining town of Durba, following an initial presence established in 2025. In the first half of 2025, the company reported exporting 12,511 kilograms of gold from that branch.

Durba is seen as a high-potential collection area given the scale of documented artisanal activity. According to a report published on Dec. 8, 2025, by the International Peace Information Service (IPIS), researchers identified nearly 5,500 artisanal miners active across 18 gold mining sites visited around Durba.

The company’s expansion into Haut-Katanga and Haut-Uele aligns with its broader goal of operating ten offices nationwide. It aims to reach annual exports of between 15 and 18 tons of artisanal gold and generate more than $2.6 billion in export revenue. Two additional branches are planned for 2026, including in Kinshasa and Mbuji-Mayi.

Rising gold prices provide further momentum. According to the World Gold Council, the average annual gold price rose 44% to $110,280 per kilogram in 2025, supported by strong demand and a geopolitical and financial environment favorable to safe-haven assets. The upward trend is expected to continue in 2026. In January alone, the price per kilogram surpassed $160,000, and Deutsche Bank, UBS and JP Morgan project it could exceed $190,000 by year-end.

Timothée Manoke, Bankable

On the same topic
African airlines increased passenger traffic 11.7% year-on-year in January 2026, among the strongest growth rates globally. Airlines increased capacity...
The government ordered the creation of a joint expert commission to tighten environmental oversight in the mining sector. Authorities identified...
Libya supplied 13.4 million tonnes of crude oil to Italy in 2025, making it the country’s largest supplier. Libyan crude accounted for nearly...
Egypt has proposed using the SUMED pipeline to help move Saudi crude to Europe. The route would bypass maritime disruptions affecting shipping in...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.