2015 DRC Mining Industry Annual Report

DRC Chamber of Mines Annual Report:

The year 2015 was marked by a fall in prices for metals and commodities, the worst since the global economic crisis of 2008/2009. Although the DRC has adjusted rather well to this new scenario - gold production was up 32% and copper showed
only a 3% decrease - the economic activity of the country will nevertheless be impacted significantly in 2016. Copper production in Q4 2015 was already more than 12% lower than in Q4 2014. Some analysts believe that the crisis could last longer than the previous one because it is powered by a slowdown in Chinese demand and increased mining production worldwide. This will have major consequences on employment and on tax revenues in the DRC, where the country's growth depends heavily on the mining sector.
However, there are reasons for optimism. The country is still full of many world class mining, industrial and agricultural projects; new mines started commercial production in 2015, and other major projects are expected to emerge in the coming years. However, the DRC will still need to attract new investment in a difficult international context.

Additional Info

Publication Date
February 2016
Language
English
Associated Webpage
http://chambredesminesrdc.com/
Data Source Classification
National Survey
Source Type
Primary
Research Methodology
Primary - OBSERVATION
Thematic Tags
Political, Certification, Conflict, Due Diligence, Traceability, and Transparency, Formalization, Governance, Large-scale Mining, Supply Chains, Economic, Access to Markets, Export, Government Revenue, Income, Market Linkages, Social, Employment, Health and Safety, Human Rights, Livelihoods, Technological, Extraction, Linkages, Processing, Legal, Laws and Regulations, Licensing, Mineral Rights, Tax
Minerals
Cassiterite, Coltan, Copper, Diamond, Gold, Tantalum, Tin, Tungsten, Wolframite, Zinc
Region
Sub-Saharan Africa
Country
Democratic Republic of Congo
Last Updated
April 26, 2019