DRC Minister of Mines Assuring Mining Companies of Safety in Lubumbashi, Despite Recent Attack

Bloomberg reported that, after an attack that left at least 35 people dead in Lubumbashi, the DRC’s Minister of Mines is assuring many of the mining companies that have offices in the city that the situation is under control.

As quoted in the market report:

After years of conflict and instability, Congo’s mining industry has flourished since 2009, with copper production doubling to about 600,000 metric tons last year, most of it coming from Katanga in the southeast. The Central African country was the eighth-largest producer of the metal in 2012, accounting for 3.4 percent of world output, according to the U.S. Geological Survey. It also produces half of the world’s cobalt, used in rechargeable batteries.

To view the whole Bloomberg report, click here.