Africa Economy, Industry Sector

Congo miners stare into abyss after commodities slump

LUBUMBASHI, Democratic Republic of Congo – At a mining conference in Democratic Republic of Congo’s mining capital, Lubumbashi, last month, government officials and mining company executives huddled around two big tables, brainstorming how to save a failing copper mine.

The mine was fictional but the scenario was all too real: Africa’s leading copper producer has shed thousands of mining jobs this year after global commodities prices tumbled, and analysts say further retrenchment is likely – Reuters



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