Congo Seeks to Tap More Gold With New Mines Amid Soaring Prices
Gold bars after engraving at the Kibali gold mine in Kibali, Democratic Republic of Congo.
Photographer: Simon Dawson/Bloomberg
Democratic Republic of Congo says it loses 60 tons of gold a year to smuggling. The new mines minister wants the country to build new sites to recapture that wealth.
Louis Watum, who became minister last month, previously developed Africa’s biggest gold mine at Kibali, now owned by Barrick Mining Corp. He sees more projects like it on the horizon.