The DRC produces 2,190,818 tons of copper at the end of November 2022  

0
203

Kinshasa, January 24th, 2023 (CPA) –  Copper production in the Democratic Republic of Congo (DRC) was 2,190,818 tons at the end of November 2022, compared to 1,797,836 tons in the corresponding period in 2021, according to the statistical summary of the Central Bank of Congo.

« The Central Bank of Congo’s (BCC) statistical summary for November showed that the Democratic Republic of Congo (DRC) produced 2,190,818 tons of copper in 2022. In the same period in November 2021, production was 1,797,836 tons, an increase of 392,982 tons, or 21.7%, » the Central Bank of Congo’s statistical summary noted.

According to the source, production in 2022 rose by 392,982 tons, or 21.7%. Of this production, the “Générale des carrières et des mines” (GECAMINES) produced 4,114 tons in 2022 against 3,478 tons, an increase of 636 tonnes, while its partners produced 2,186,704 tonnes against 1,604,006 tons, a difference of 581,698 tons, or 2.66%

104,920 tons of cobalt produced at the end of November 2022

The Central Bank of Congo also noted that during the period under review, the Democratic Republic of Congo produced 104,920 tons of cobalt in 2022 compared to 84,442 tons in 2021, giving a difference of 20,478 tons between the two years.

The production of cobalt of GECAMINES during these two years was established respectively at 18,844 tons in 2022 and 13,971 tons in 2021, or an increase in production of 4,873 tons. GECAMINES’ partners have achieved 86,077 tons in 2022 and 70,471 tonnes in 2021 respectively. Copper and cobalt are two of the Democratic Republic of Congo’s main export products. Production started at 400,000 tons during the reign of Marshal Mobutu, when copper and cobalt contributed more than 50% to the state budget.

At present, it is stressed, mining contributes only a small percentage to the budget of the Democratic Republic of Congo, in contrast to the upturn in the mining market.

The government is therefore in the process of reclassifying the contract signed in 2008 between the Democratic Republic of Congo and the People’s Republic of China on mining in exchange for the construction of infrastructure.