DRC’s Minister of Mines Urges Calm After Attack

Bloomberg reported that the DRC’s Minister of Mines has stepped in to re-assure miners of a safe operating environment in the wake of an attack by separatists in Lubumbashi, where many of the offices of the biggest companies operating in the Congo are located.

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.