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Tuesday, 29 November 2016 03:27
Mining
DR Congo: Copper output increases 0.6% in Q3 2016
Tuesday, 29 November 2016 03:27 (Ecofin Agency) - The Democratic Republic of Congo produced in the third quarter of 2016, 268,393 tons of copper, thus 0.6% more than in Q3 2015.
The news was announced by the Central Bank which highlighted that despite the increase, copper output over the past three quarters has slumped 10% compared to 2015, to 734,643 tons.
According to the financial institution, the 10% slump was caused by global copper prices slumping, pushing various mines to stop production.
DR Congo is Africa’s leading copper producer.
Louis-Nino Kansoun
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