SOURCE: Industrial Info Resources

October 18, 2007 07:03 ET

Billions of Dollars Heading to Mines in the Democratic Republic of the Congo, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 18, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Democratic Republic of the Congo (DRC) is the new comeback kid, as it is poised to regain its position among the world's top mining nations. In its glory days in the 1960s, the DRC, known as "little Canada," had a thriving economy that had a gross national product that rivaled South Africa's.

The DRC, the third largest country in Africa, is vested with world-class resources of gold, cobalt, copper (one-tenth of the world's reserves), cobalt diamonds, coltan and zinc. Despite its vast mineral resources, copper production declined to about 30,000 tons per year from 450,000 tons per year.

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