Mining loans in DR Congo to riseBloombergRawbank SARL forecast that its lending to the Democratic Republic of the Congo’s (DR Congo) mining industry would rise more than 20 percent to more than US$1 billion this year, buoyed by rising demand and strong prices for the country’s strategic minerals. The figure includes credit to mining companies, subcontractors and salaried workers at large firms, he said. Workers check bundles of copper cathode sheets at a Tenke Fungurume Mining SA copper mine in the Democratic Republic of the Congo’s Lualaba Province on Jan. 29, 2013. The DR Congo provides more than two-thirds of the key battery-mineral cobalt and is one of the world’s largest copper producers. ‧ March copper fell US$0.08 to US$4.02 a pound, down 0.99 percent weekly.

Source: Taipei Times February 11, 2023 23:27 UTC