DEMOCRATIC REPUBLIC OF CONGO - DRC.
The Democratic Republic of the Congo, informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in Central Africa.
The Democratic Republic of the Congo is the second largest country in Africa; it is known to be the world’s largest producer of cobalt, which is used in the production of batteries for cell phones and other consumer electronics.
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According to the US Geological Survey, DRC holds more than half of the world’s cobalt reserves amongst other natural resources.
Source: Figures are from the 2015 DRC EITI Report. Identified reserves were produced by the U.S. Geological Survey, Mineral Commodity Summaries, January 2018.
DID YOU KNOW?
Fact 1: The DRC is among the most resource-rich countries on the planet, with an abundance of gold, tantalum, tungsten, and tin – all minerals used in electronics such as cell phones and laptops.
Fact 2: Since January 2021, the country has exported an average per week, which varies between 22,000 and 34,000 tonnes for copper in cathode form, between 14,000 and 28,000 tonnes of copper in the form of concentrates and between 4,500 and 7,400 tonnes of cobalt in form of hydroxides.
Fact 3: The gradual resumption of mining activity in the DRC with the production launch from the Kamoa-Kakula mine should boost the economic growth to rebound to 4.5% in 2022.
Fact 4: DRC’s government launched reforms with the aim to strengthen governance in the management of natural resources and improving business climate.