In 2017, DR Congo’s mining sector generated $822.2 million, up by 35.6% compared to that of the previous year. Meanwhile, hydrocarbon revenues (oil and gas) increased by 103% to $203.9 million.

According to Reuters, which relayed data provided by the Congolese finance ministry, the mining revenue increase was spurred by an increase by more than double in national revenues during Q4, 2017 subsequent to a rise in the price of main export products, namely copper and cobalt.

Along with the oil sector, the Congolese mining sector provides 95% of export revenues. However, the mining activities are currently slowed by negotiations on the new mining code that is not unanimous. As for the oil industry, for several years now, Congo had great ambitions to develop it.

Louis-Nino Kansoun