Increase in the volume of exports of mining products in DRC

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Kinshasa, April 21nd, 2021 (CPA).– The economic conjuncture committee (CCE) noted an increase in the volume of exports of mining products resulting in a 5.1% increase in the mining royalty, during the weekly meeting of the said committee, chaired on Wednesday by outgoing Prime Minister Ilunga Ilunkamba.

According to a source close to the prime minister, copper has resumed its upward trend and is trading at USD 9,067.90 per ton. CCE notes that during the period under review, mining activities took place normally throughout the national territory.

During this working session, CCE reviewed the weekly economic situation for the period from April 12th to 16th, 2021, completed by the deputy governor of BCC as well as by the Minister in charge of Mines.

The international context is marked by the launch on April 15th of the process of the 20th restitution of the resources of the international development association (IDA), while the national context by the authorization on April 17th by the commercial court of Kinshasa / Gombe of the seizure of receivables on assets belonging to the mining company KIBALI GOLD, valued at USD 1,113,800 for the mining company KILOMOTO.

It was organized on April 13th, 2021 of a round table on digital 2021 by the ministry in charge of PTNTIC and held on April 16th of the 30th meeting of the monetary policy committee for 2021.

In terms of health, the report on COVID-19 informs that 28,958 cases of infected people were recorded against 28,542 on April 9th, 2021 or 414 new cases and 745 deaths or no new cases for the 2nd consecutive week.

Regarding the evolution of the main economic indicators, CCE notes that the real sector indicates an acceleration in the rate of formation of domestic prices during the third week of April.

The national weekly inflation rate stood at 0.119% against 0.081% the previous week. The inflation of the week is mainly due to the rise in the prices of basic necessities.

The external sector reveals a depreciation of FC to the indicative and appreciation of 0.37% to the parallel against US dollar on April 16th compared to April 9th, 2021.

For 1 US dollar, the exchange rate is fixed at FC 1,985.79 and the dollar in the indicative is at FC 2,016 at the parallel. ACP/