A new UK-backed gold deal could help formalise one of Africa's largest artisanal mining sectors
A UK-based responsible gold sourcing company has signed a long-term supply and financing agreement aimed at expanding traceable artisanal gold exports from eastern Democratic Repub...
News Desk
Staff Writer
Published
Jun 13, 2026
Source
Business Insider Africa
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AI Insight:This deal has significant implications for the formalisation of artisanal mining in Africa, potentially improving working conditions and revenue for thousands of miners.
A UK-based responsible gold sourcing company has signed a long-term supply and financing agreement aimed at expanding traceable artisanal gold exports from eastern Democratic Republic of Congo (DRC). The agreement, backed by the UK government, seeks to formalise one of Africa's largest artisanal mining sectors, which currently operates largely outside of official channels. The deal is expected to provide a stable source of income for thousands of small-scale miners, while also promoting transparency and accountability throughout the gold supply chain. By formalising the sector, the agreement hopes to improve working conditions, reduce the risk of human rights abuses, and increase revenue for local communities. The UK government has been actively supporting efforts to formalise artisanal mining in the DRC, with a focus on promoting responsible gold sourcing practices and reducing the risk of conflict minerals entering the global market.