The DRC holds large reserves of copper and cobalt as well as significant amounts of gold, diamonds and other minerals like zinc, iron, uranium. The extractive sector historically accounted for about 75% of total export earnings and 25% of GDP, and currently represents the single largest source for foreign direct investment. The mining sector has however suffered a civil conflict and more recently impact of the global financial crisis. But there is a positive outlook - it is expected to be worth more than $2.5 billion in the next ten years.
Several economic measures taken have resulted into a free market economy consisting of;
- adoption of an exchange floating system
- Implementation of a mining code designed to favour business development
- Progressive cut of domestic tax rates
- Setting up of facilitation and supporting structures for the private sector
Investment opportunities
1. Boosting copper production in Katanga, coltan and cassiterite in Kivu and gold at kilo-moto.
2. Boosting diamond production
3. Rehabilitation of Moanda refinery in the coastal basin
4. Exploitation of methane gas in Kivu
5. Oil prospecting and exploitation in coastal basin
6. Oil exploration at Ituri in eastern province
7. Transport infrastructure and also oil product distribution in urban centres.
8. Geological and mining research
9. Processing
For further information on opportunities in the mining sector and specific incentives contact the National Investment Promotion Agency (ANAPI).
Key contact: Prof. Mathias Buabua, Chief Executive Officer
Email: anapirdc@anapi.org,anapirdc@yahoo.fr
Tel: +243 9999 25026
www.anapi.org
