Congo sees mining revenue falling 20% on coronavirus impact
INTERNATIONAL – The Democratic Republic of Congo anticipates a 20% drop in mining revenue amid project delays and lower mineral prices as a result of Covid-19, Mines Minister Willy Kitobo Samsoni said.
Several of Congo’s miners have had to delay construction of new production facilities meant to comply with upcoming restrictions on the export of copper and cobalt concentrates because of the global pandemic, Kitobo said in a online conference.
“Almost all these projects have been postponed until next year,” he said. “In the short term we’ve lost certain projects that should have finished and given us a little more production.”
Source: iol.co.za
