Congo copper output to rise 25 percent next year
Exports from
Congo’s southern copperlands will rise 25 percent to over 1 million
tonnes next year due to renewed investor confidence, following a
government mining contract review, the top official in the province
told Reuters.
Moise Katumbi,
governor of Katanga Province, said companies and their backers were
boosting spending, following the conclusion of the review last month,
which resulted in Freeport-McMoRan Copper & Gold’s conceding a
small share of its huge Tenke Fungurume copper project to the state.
“After Tenke got
its revisitation, even the people who had a bit of fear are putting in
money. Everyone is financing now, even the banks,” Mr. Katumbi said.
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