Africa Extractive Industry: Congo’s 2017 mining revenue up 36% while oil revenue doubles

Congo $2bi Iron ore

DAKAR – Democratic Republic of Congo’s 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% 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. source: Reuters

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