Congo mining revenues through Sept 2017 rise 9 pct, oil up 70 pct

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DAKAR (Reuters) – Democratic Republic of Congo, Africa’s top copper producer, collected $489.2 million in revenues from the mining sector in the first nine months of last year, up more than 9 percent over the same period in 2016, the finance ministry said.

In a quarterly report seen by Reuters on Tuesday, the ministry said revenues from the oil and gas sector rose nearly 71 percent over the same period. However, oil and gas revenues in the third quarter of the year fell 35 percent, offsetting a strong second quarter.

The two sectors together account for roughly 95 percent of Congo’s export revenues.

Reporting By Aaron Ross; Editing by Joe Bavier and Robin Pomeroy

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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