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 the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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