Congo set to produce record 1.05 mln T of copper in 2017: chamber

Jun 24, 2017

Democratic Republic of Congo's chamber of mines said on Friday it expects the country to produce a record 1.05 million tonnes of copper in 2017, up 2.4 percent over last year, as prices recover and large projects raise production.

Congo produced a record of roughly 1.03 million tonnes in 2014 before copper prices fell due to weakening demand from top consumer China.

In a presentation to a mining conference in the southeastern city of Lubumbashi, the chamber also forecast that gold and cobalt production this year would increase by 2.8 and 3.9 percent, respectively.

(Reporting by Aaron Ross; editing by Jason Neely) Reuters

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