Chambers Federation DRC (Congo) Cooperative Mining Project

One Line Pitch: The company smelts, assays and trades gold providing Dodd-Frank and OECD compliance to the Company’s clients and a fair-market value to local artisanal small-scale miners(ASM) located in eastern DRC.

Problem: According to a UN panel of experts, the DRC is estimated to have over 98% of its gold production smuggled across its borders. Much of this illegal activity has fueled past conflicts in the region leading to gold being labeled as a “conflict mineral”. Recent US & EU legislation (Dodd-Frank, ICGLR, OECD, UN GoE), requiring the audit and disclosure of “conflict minerals” used by publicly traded companies, has led to the need for a sustainable private sector initiative to support the legal extraction, trade and export of gold in the DRC.