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Congolese Bunia Metals Group (BMG) has announced plans to build a Sh1 billion gold processing plant on Mombasa Road in Nairobi, Kenya at a cost of Sh1 billion targeting artisanal miners.
BMG Chief Executive Pascal Kalubi Kaputo said the gold refinery project, whose construction starts early September, will offer miners the means to extract value from their own mineral wealth rather than just exporting raw commodities.
“Bunia Metals Group will have the ability to generate and distille about 300 kilogrammes of gold per day with state-of-the-art equipment and machinery,” Mr Kalubi in a statement.
Small-scale or artisanal mining is popular in Siaya, Migori, Kisumu, Kakamega and Homa Bay counties and the BMG refinery plant will target the processing metal produced by informal diggers in several counties in Kenya.
Technical support
“We will train, finance and provide machinery as well as continuous technical support to our members. The small miners in areas like Migori, Homa Bay, Siaya, Kisumu and Kakamega will be our priority,” he said.
BMG is a mining corporation in the Democratic Republic of Congo, Kenya, Uganda and Tanzania.
Kenyan Mineral Rights Board Chairman Stephen Kuria said earlier that Kenya’s untapped mineral sector has the potential
of earning the country Sh719.4 billion or 12 per cent of the gross domestic product (GDP) from the minerals sector.
The sector currently contributes less than one per cent of the GDP.
Mineral deposits
An aerial survey to map Kenya’s mineral deposits, tipped to act as a catalyst for foreign investment, was to be complete in June.
Petroleum and Mining Principal Secretary Mohamed Liban said data from the survey would make it easier to attract investors to a sector that has been neglected by successive governments.
According to the 2019 Economic Survey, total earnings from mineral production declined 5.5 per cent in 2019 to Sh29.1 billion from Sh30.8 billion in 2018.
Most of Kenya’s mines remain small-scale projects, and mineral smuggling, especially in gold, abetted by foreign merchants, is on the rise.
A congolese-owned firm, Bunia Metals Group, is set to invest US$10 million in the country’s gold-mining sector. Chief executive officer, Pascal Kalubi Kaputo, said that Congolese must be allowed to manage the mines on large scale, stating that the country’s rich mineral deposits were the backbone of the economy. Mr Kalubi is the founder of Bunia Metals Group, a mining company based in East Africa. The firm has over the years established itself as an important player in gold mining, refinery, and smelting across Africa. Bunia Metals Group Sarl is registered in the Democratic Republic of Congo. Mr Kalubi said that a gold mine in the hands of the local people would grant investments returns to build schools, hospitals and roads in the country. “We need to talk and dialogue with the Government, for we know our Government is willing to listen to us. “Bunia Metals Group as a Congolese owned company if given a chance, we are willing to pledge between US$5 million to US$10 million as an investment in the vast gold mining sector. We are confident that this is something we can implement,” Mr Kalubi said. Mr Kalubi said his firm had the capacity of producing and refining about 300 kilogrammes of gold per day with the modern state of the art equipment and machinery. He said if given an opportunity to invest in the gold mining, it would create decent jobs and reduce
unemployed levels in the country “Besides providing jobs to the unemployed Congolese graduates, we pledge to enrol vibrant community social responsibility programs which will be mandated to give back to the community by participating in the developmental activities of the area. “We pledge to build hospitals, schools, roads, sports facilities and other developmental activities,” he said. Mr Kalubi said it was high time that Congolese were given the opportunity and platform to own, operate and run the vast mining industry for the benefit of the local people. “We want to prove that we have the expertise and manpower to control our own mining industry which will consequently have great economic and social benefits to the Congolese as it is no secret that mining forms the backbone of the Congolese economy,” Mr Kalubi said. He said given a chance, his vast experience in the gold mining industry as well as his commitment to invest 10 million dollars would have a great impact to the entire Congolese country. The Sun
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