Congo mining revenues jump 147 pct in first 9 months of 2018
KINSHASA, Dec 5 (Reuters) - 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
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