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Wednesday, 10th March 2010 (616 views)

The Democratic Republic of Congo (DRC) has the potential to become a significant player in the African gold mining sector, it has been claimed.

Speaking at an event in Toronto held by the Canada-South African Chamber of Commerce, chairperson of Banro Simon Village said it is possible that the DRC will be seen as just as viable an investment decision as fellow gold-producing nations Ghana and Tanzania in ten years' time.

The comments come as Banro looks to pour the first gold at its Twanziga mine in the DRC before the close of 2011, Mining Weekly reports.

Mr Village added: "[The DRC is] by no means attracting the same level of attention as Ghana and Tanzania [now], but that is going to come."

Banro is based in Canada and owns four properties along the Twangiza-Namoya gold belt - which is 210 km in length - in the DRC.

Last year, it boosted its Twanziga gold project by acquiring a gold plant with the ability to process up to 100,000 ounces of the precious metal annually.

 

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