Public Management

DR Congo announces strong growth in its mining sector in H1, 2018

Tuesday, 11 September 2018 20:22
DR Congo announces strong growth in its mining sector in H1, 2018

(Ecofin Agency) - In H1, 2018, DR Congo generated $864.61 million from its mining sector, an amount double the volume generated a year earlier, Reuters revealed quoting a release by the country’s finance minister. During the period under review, revenues from the oil sector dropped by 1/3 to stand at $67.75 million.

These new figures confirm the trend announced at the end of Q1, 2018 when mining revenues grew three times higher while oil revenues decreased by 11%.

In addition, at the end of August 2018, growth in the country’s copper, cobalt and gold production was announced.

Let’s remind that DR Congo's mining and oil sector generate 95% of its exports revenues.

Louis-Nino Kansoun

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