Congo mining revenues jump 147% in first 9 months of 2018

By Reuters / December 05, 2018 / www.mining.com / Article Link

KINSHASA - Democratic Republic of Congo collected $1.21 billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4 percent over the same period last year, finance ministry data showed.

Revenues from the hydrocarbons sector rose 1.4 percent over that same period to $120.11 million, according to the data seen by Reuters on Wednesday.

The two sectors together account for roughly 95 percent of Congo's export revenues. Congo is Africa's leading copper producer and the world's top miner of cobalt, which is prized for its use in electric batteries.

(Reporting By Giulia Paravicini; Editing by Aaron Ross and Toby Chopra)

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok