VOICED: Copper regains shine in DRC

The video discusses the economic significance of copper in Katanga, southeastern Congo, highlighting the rise in copper prices and its impact on the local economy. It examines the effects of the global financial crisis and government interventions on the mining industry, leading to company closures and job losses. The Congolese government recognized the need to renegotiate contracts to better serve state interests. Improved relations between the government and industry have attracted foreign investors, boosting production. The DRC is also exploring diversification by seeking new materials like cobalt to mitigate future economic crises.

What was the approximate cost of a ton of copper from Katanga in the past compared to today?

• $3000 to $7000

• $2000 to $6000

• $5000 to $8000

• $1000 to $2000

What was one of the main reasons for the collapse of copper prices two years ago?

• Natural disasters

• Increased local demand

• Global financial crisis

• Technological advancements

What was the impact on employment when many mining companies left Katanga?

• Increased employment

• Creation of new jobs

• Thousands of redundancies

• No change in employment

How did the Congolese government respond to the poorly negotiated deals?

• By reducing production

• By closing down mines

• By renegotiating contracts

• By increasing taxes

What is one of the new materials the DRC is exploring to diversify its income sources?

• Iron

• Cobalt

• Gold

• Silver