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)

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