Mining

In DR Congo, mining and oil revenues soared over H1 2017

Tuesday, 12 September 2017 19:09

In the first half of 2017, mining in DR Congo has generated $295.3 million of revenues, up 9% compared to the year before, over the same period.  This was revealed by the minister of finances of the country cited by Reuters on Sept. 12, 2017. The official added that oil and gas revenues in the country soared 140% over the period.

At the end of August, the Central Bank of the country disclosed respective increases of 15% to 553,811 tones and 27% to 39,535 tons of its copper and cobalt outputs in H1 2017. These minerals are DR Congo’s two largest main sources of wealth as the country is their number one producer in Africa.

In DR Congo, the mining sector, combined with oil’s, generates 95% of the country’s export revenues.

Louis-Nino Kansoun

On the same topic
Starsight Energy Africa has secured $15 million in mezzanine financing from British International Investment. The funds will support the...
Algeria is preparing a new licensing round, Algeria Bid Round 2026, for oil and gas exploration blocks. The tender will be organized by ALNAFT, the...
Energean has agreed to acquire stakes in two offshore Angolan oil blocks from Chevron. The deal includes 31% in Block 14 and 15.5% in Block...
DR Congo moves to update studies for 6,450-MW Pioka-Tombe dam Talks held with Italian firm Electroconsult to relaunch project Cross-border...
Most Read
01

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
02

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
03

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
04

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.