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In DR Congo, mining and oil revenues soared over H1 2017

In DR Congo, mining and oil revenues soared over H1 2017
  • Comments   -   Tuesday, 12 September 2017 - 17:09

(Ecofin Agency) - In the first half of 2017, mining in DR Congo has generated $295.3 million of revenues, up 9% compared to the year before, over the same period.  This was revealed by the minister of finances of the country cited by Reuters on Sept. 12, 2017. The official added that oil and gas revenues in the country soared 140% over the period.

At the end of August, the Central Bank of the country disclosed respective increases of 15% to 553,811 tones and 27% to 39,535 tons of its copper and cobalt outputs in H1 2017. These minerals are DR Congo’s two largest main sources of wealth as the country is their number one producer in Africa.

In DR Congo, the mining sector, combined with oil’s, generates 95% of the country’s export revenues.

Louis-Nino Kansoun

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