YEARBOOK

ECONOMIC REPORT

YEARBOOK

ECONOMIC REPORT

In partnership with the Presidencies, the Prime Ministers' Offices, the Ministries and the APIs

Special Country

In partnership with the Presidencies, the Prime Ministers' Offices, the Ministries and the Investment Promotion Agencies

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Congo – Significant mining potential

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Congo – Significant mining potential

Kalgoorlie_open_cast_mine

Despite these numerous potentials, the mining sector remains underexplored and underexploited. Therefore, the development of the mining industry is one of the pillars of the diversification of the Congolese economy.

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The mining potential is under-explored and under-exploited, although it is quantified in particular at 25 billion tonnes of iron reserves, 3.2 billion tonnes of potash reserves, 2.2 million tonnes of copper reserves and 531 million tonnes of phosphate reserves.

The country's current main exports include refined copper, cobalt, gold, and tin ore. Refined copper leads the way, with over $2.5 billion in export figures, followed by gold with $58.6 million and diamonds with $3 million.

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A gypsum deposit has been discovered in the Bouenza department, in the south of the country. This precious mineral is used to enhance the value of the abundant limestone in the country, as it is itself used as an input in cement manufacturing.

The mining sector also relies in part on the production of iron ore, phosphate, and potash. However, these activities remain largely underdeveloped, partly due to their location, often far from urban centers, and partly due to their limited access to electricity. Since energy is essential for the extraction and refining of these ores, the supply of electricity becomes non-negotiable.

Established in 2010, the Centre for Geological and Mining Research (CRGM) is part of the government's strategic objective to develop Congo's mining sector. The Centre for Geological and Mining Research (CRGM) is a center of excellence for geological studies and mining in Central Africa. Its efforts are accompanied by extensive research to accurately establish the country's geology and stratigraphy. The CRGM is under the supervision of the Ministry of Mines.

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