Congo mining revenues through Sept 2017 rise 9 pct, oil up 70 pct

By Kitco News / January 09, 2018 / www.kitco.com / Article Link

DAKAR, Jan 9 (Reuters) - Democratic Republic of Congo, Africa's top copper producer, collected $489.2 million in revenues from the mining sector in the first nine months of last year, up more than 9 percent over the same period in 2016, the finance ministry said.

In a quarterly report seen by Reuters on Tuesday, the ministry said revenues from the oil and gas sector rose nearly 71 percent over the same period. However, oil and gas revenues in the third quarter of the year fell 35 percent, offsetting a strong second quarter.

The two sectors together account for roughly 95 percent of Congo's export revenues.


(Reporting By Aaron Ross; Editing by Joe Bavier and Robin Pomeroy)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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