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

Largest gold producers see strong Q3/25 earnings

November 17, 2025 / www.canadianminingreport.com

Gold stocks jump on gain in metal price

November 17, 2025 / www.canadianminingreport.com

AOCE and WB boost gold targets for 2025 significantly

November 10, 2025 / www.canadianminingreport.com

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok