Gold in the Central African Republic

Central African Republic is one of the most endowed countries in Africa in terms of minerals resources. In fact mining contributes to about 10% of the country’s GDP and Gold is the country’s second largest mineral resource behind diamond. This makes the Central African Republic an important destination for any serious investor in the gold production sector.

What the Central African Republic has lacked was a stability that would attract investment into the mining sector. With the return to a fragile but more peacefulness after several years of civil strife, the country has most of its mineral resources still intact which gives a perfect opportunity to invest in the country’s gold sector. A massive mineral rich region is still waiting to be explored in the country.

Today most of the gold in the central Africa is still produced by small scale artisanal miners in the Haute-Kotto, Haute-Sanghe and Barberati regions. The gold mining and trade is managed by the Bureau d’Evaluation et de Côntrole de Diamant et d’Or (BECDOR) which maintains the country records on gold production and issues licenses for gold exploration and mining.

A unique opportunity in a fresh market

Early Mining in Central Africa

Like most African countries, gold mining in the Central African Republic is quite an old trade with early mining done way before the colonial period.

Most of the early gold mining was alluvial gold mined along streams and on mountain slopes by small scale artisanal miners.

Most of this gold was sold to Arab traders from the north although some were used to decorate the homes of local kings and nobles.

With the arrival of the French colonizers mining continued in small scale.

After the county attained its independence there were efforts to start large scale gold mining but persistent civil strife slowed down the growth of the country’s mining sector.