Primera Gold Rebrands as DRC Gold Training, Strengthens National Governance in the Gold Sector
Mining company Primera Gold has officially rebranded as DRC Gold Training, marking a significant shift in the management of the country’s artisanal gold sector.
This transformation comes under the stewardship of the Congolese state, which now holds a 55% majority stake in the company.
Along with the state’s ownership, the Mining Fund for Future Generations has acquired 30% of the shares, and Gécamines holds 15%.
This new structure underscores the government’s commitment to placing the management of artisanal gold mining at the heart of national interests, ensuring that local stakeholders benefit from the sector’s economic potential.
The official renaming ceremony took place on November 13, 2024, chaired by Minister of Portfolio Jean-Lucien Bussa, and attended by leaders of the three shareholder entities.
Minister Bussa hailed the change as a “great first” for the country, emphasizing the state’s determination to tackle governance challenges and promote sustainable development.
He noted that this initiative reflects a national strategy aimed at securing and maximizing the value of the country’s natural resources.
Bussa reiterated the government’s commitment to carrying out the mission entrusted by President Félix Tshisekedi, stressing that strengthening public enterprises, such as DRC Gold Training, could become a powerful tool for economic development.
The creation of Primera Gold DRC SA in 2023 was part of a joint initiative between President Tshisekedi and Sheikh Mohammed Ben Zayed Al Nahyan, Crown Prince of Abu Dhabi.
The venture was established in response to the ongoing security crisis in the eastern DRC, where armed groups have financed their activities through the illicit trade of artisanal gold.
This sector has long been associated with illegal exploitation and trade, contributing to instability in regions like South Kivu.
The rebranding of Primera Gold into DRC Gold Training is a strategic effort to clean up the gold sector and restore the country’s economic sovereignty.
In a country where uncontrolled exploitation and abuses have hindered growth, the partial nationalization of the company sends a strong message to international partners and offers a model for other sectors in need of reform.
While the transformation of Primera Gold is a bold and necessary step, it will require transparent and effective management to avoid the pitfalls that have historically hindered the country’s resource development.
If successfully implemented, this initiative could turn the gold sector into a significant economic asset for the DRC, fostering both economic stability and security in the region.
