The diamond mining industry contributes 40% of export earnings, making it one of the world’s major producers. Production is more than half a million carats per annum of which about half is of gem quality. Gold is also mined. However, smuggling is a problem for both the diamond and the gold industries.
Trans Hex International Ltd (THI) concluded an unsuccessful exploration programs in the Central African Republic.United Reef has suspended mining operations at its Mbala alluvial diamond project on the Bamingui River property in the Central African Republic.
Asquith Resources of Canada discovered a new geochemical and particulate gold anomaly at its Agoudou Manga gold prospect on the 2000 square kilometre Roandji gold property. in the Central African Republic.
Deposits of copper, iron ore, tin, uranium and zinc have been found.
The industry is regulated by the Ministry of Energy, Mines, Geology and Water Resources.