This article is about Mineral Extraction. For Oil and Gas, see Petroleum industry in the Republic of the Congo.
Mining in the Republic of the Congo
Position of Republic of the Congo within Africa highlighted
Location
Country
Republic of the Congo
Regulatory authority
Authority
Ministry of Mines and Geology
Website
Congo Portal
Production
Commodity
Oil - 310,000 barrels/day
Gas - 1,1bcm
Gold - ??
Iron Ore -
Value
??
Employees
60,000
Year
2011
Oil and gas dominate the extraction industries of the Republic of the Congo (French: République du Congo), also referred to as Congo-Brazzaville. The petroleum industry accounted for 89% of the country’s exports in 2010.[1] Among African crude oil producers in 2010, The Congo ranked seventh.[2] Nearly all of the country's hydrocarbons were produced off-shore.
The minerals sector is administered by the Department of Mines and Geology. Presently no major mining activities are underway, although there are some small-scale domestic operations.
However, the country does have numerous large-scale undeveloped resources. The country has recently attracted a strong influx of international companies seeking to tap into the vast mineral wealth.
As of 2012:
32 prospecting licenses granted to 28 companies
42 exploration licenses granted to 26 companies
7 mining licenses granted to companies
^
"U.S. Geological Survey : 2010" (PDF). Minerals.usgs.gov. Retrieved 20 October 2013.
^BP p.l.c; International Monetary Fund, 2011
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