Congo Brazzaville To Export Its Iron Ore Instead Of Processing It Locally

While some African countries like South Africa, Botswana, Tanzania, Zimbabwe, Democratic Republic of Congo, etc. are now embarked fully fledged in processing locally their extracted raw mineral resources as way of gaining more revenues from the resources, creating employment, and generating their own capital assets, Congo Brazzaville to the contrary intends to export all its iron ore extracted from its massive iron ore deposits. The export plan was reported by some media on April 23, 2019.

According to the reports, Congo Brazzaville shipped its first consignment of iron ore exports on April 19, 2019, from its Pointe Noire harbor, and plans to export 2 million tonnes of iron ore per year over the next 2 years. The annual export amount is expected to rise to a staggering 30 million tonnes by 2024.

Congo Brazzaville has massive deposits of iron ore. Currently, iron ore mines in the country are owned jointly by a local company called Sapro and Swiss firm Glencore.

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