Copper $ 5.6358 / lb 2.72%
Brent Crude Oil $ 104.4 / bbl -4.21%
Palladium $ 1496.5 / ozt 5.39%
Crude Oil $ 101.85 / bbl -3.06%
Natural Gas $ 2.89 / Btu 0.10%
Silver Futures $ 75.495 / ozt 7.47%
Aluminum Futures $ 3314.25 / ton -1.21%
Micro Gold Futures $ 4713.1 / ozt 3.80%
Micro Silver Futures $ 75.48 / ozt 7.54%
Platinum $ 1973.85 / ozt 4.22%
Gold Futures $ 4713.3 / ozt 3.84%
Go to MDC Markets

Congo’s 2017 mining revenue up 36% while oil revenue doubles

Reuters | March 26, 2018 | 11:00 am Base Metals Battery Metals Africa Cobalt Copper 
Congo shocker fells Ivanhoe Mines stock
Kamoa-Kakula copper project in Congo (Image courtesy of Ivanhoe Mines)

DAKAR, March 26 (Reuters) – Democratic Republic of Congo’s 2017 mining sector revenue rose 35.6 percent to $822.2 million while revenue from the oil and gas sector jumped by 103 percent to $203.9 million, finance ministry data showed.

Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt, data in a quarterly report seen by Reuters on Monday showed.

(Reporting by Aaron Ross; editing by Sofia Christensen and Jason Neely)

Comments

No comments found.

More News

{{ commodity.name }}