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Mineral production hit by war

    NAIROBI

    Mineral production in the DRC, already under threat due to a lack of investment, is facing lean times as a result of the war, the Economist Intelligence Unit predicts. The eastern Kasai-based Societe miniere de Bakwanga (Miba) has been able to only marginally increase its already meagre revenue to US $1.4 million in the first six months of 1998 from US $1.1 million over the same period in 1997. Due to the fall in international prices, oil revenue slumped from US $36.4 million in the first six months of 1997 to US $9.9 million over the same period in 1998.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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