This is a best prospect industry sector for this country. Includes a market overview and trade data.

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.
 
 2014201520162017 (Estimated)
Total Local Production---250
Total Exports
  •  
  250
Total Imports----
Imports from the US
 		----
Total Market Size---250
Exchange Rates493.53591.42592.44 
Unit: Tons
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.
 

Leading Sub-Sectors

Mining operations will require support in developing appropriate infrastructure including building roads and port facilities to ship out and process mineral outputs.
 

Opportunities

The government is eager to support mining investment as a means of diversifying its economic base away from oil, but this sector is also affected by the fall in commodity prices.
 

Web Resources

Extractive Industries Transparency Initiative

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