Republic of Congo - Mining SectorRepublic of Congo - Mining Sector
Overview
The mining sector in the Republic of Congo is still in its infancy. There are currently no large-scale mining operations, only small-scale domestic operations. However, the country is believed to have significant reserves of iron ore, copper, diamonds, phosphate, potash, and gold, among other possibilities. There are currently at least three international companies using exploration permits in hope of commencing iron ore mining operations in the near future. Republic of the Congo expects to mine 1.2 ton of potash in 2017. In total, as of 2012, the government of the Republic of Congo had granted 32 prospecting licenses to 28 companies; 42 exploration permits to 26 companies; and 7 mining licenses to pursue mining interests. Three production (exploitation) permits were issued in March 2017.2014 | 2015 | 2016 | 2017 (Estimated) | |
---|---|---|---|---|
Total Local Production | - | - | - | 250 |
Total Exports |
| 250 | ||
Total Imports | - | - | - | - |
Imports from the US | - | - | - | - |
Total Market Size | - | - | - | 250 |
Exchange Rates | 493.53 | 591.42 | 592.44 |
Data source: Ministry of Economy
total market size = (total local production + imports) - exports
Data is limited, as most mining has not entered the exploitation phase. The Republic of Congo government was projecting measurable revenue for the first time in 2014, but the current global market price of various commodities is an impediment to any investments.