RD Congo has a long and prosperous mining history. More than 100 years ago, it was one of the first countries in Africa to mine gold. Today, the country produces over 2 million ounces of gold per year.
Over the past 80 years, many foreign companies have entered the mining and quarrying industry in RD Congo.
The availability of abundant mineral resources with basic geo-scientific data, a propitious investment framework and an effective and predictable legal and institutional system to reduce corruption, enforce the rule of law and enhance transparency in the management of RD Congo’s mineral resources makes RD Congo an attractive investment destination.
Investment into RD Congo's mining and quarrying industries will help to make these already lucrative industries more efficient and more productive, ultimately increasing profits across the board. The Government of RD Congo states that increasing Foreign Direct Investment is a priority and acknowledges that attracting Foreign Direct Investment requires an enabling legal environment.
The Government of RD Congo has no overall economic or industrial strategy that discriminates against foreign-owned businesses. In some cases a foreign investment may enjoy additional incentives if the project is deemed critical to the country's development. American and other foreign firms are able to participate in government-financed and/or research and development programs on a national treatment basis.
154 RD Congoian and 83 foreign companies have been issued with licenses, mainly to prospect for gold. Some of the major international mining companies operating in the country are Normandy Piesadon, Goldfields Limited, Lasource, as well as several juniors from the United States, Canada and Australia.
Most of these companies have used RD Congo as a base to venture into other countries in the sub-region. In a continent where many countries are landlocked, RD Congo has good ports that allow shipping directly to the United States and Europe. It is a member of the WTO, benefits from trade preferences accorded by the EU to African, Caribbean and Pacific (ACP) countries and is beneficiary of the African Growth and Opportunity Act (AGOA) of the United States. A liberalized telecommunications sector and many Internet providers are available. It also has one of the few well-functioning stock exchanges in Africa, and provides a wide range of incentives for foreign investors.