After Rebel Invasion, Congo Gold Trader Eyes $3 Billion Rebound

DRC Gold Trading CEO Joseph Kazibaziba at his office in Kinshasa, on Jan. 21.Photographer: Michael J. Kavanagh/Bloomberg

As gold’s price surge intensified in early 2025, the year was shaping up to be a momentous one for the Democratic Republic of Congo’s state-owned trader of hand-dug precious metal.

DRC Gold Trading SA had just bought out its Emirati partner and was planning to ship enough of the metal to potentially inject roughly $1 billion that used to go to smugglers into the country’s formal economy.