Mining sector affords profitable investment opportunities

Of the considerable opportunities open to international investors in the Republic of the Congo, it is perhaps the mining sector and the numerous associated industries it supports that can claim to offer the most potential.

Soaring interest in the wider mining sector from both private outfits within the country and multinational companies abroad is already apparent and the government, under President Sassou Nguesso, has already created a Ministry of Mines and Geology to assist the industry.

Various efforts have been made to attract investors and expertise from the U.S. and others, with tax reforms having been introduced, regulatory procedures simplified and streamlined through the introduction of new legislation, and the creation of free economic zones across the territory. All of this has helped to capture foreign interest and drive investment numbers.

The potash industry is set to enjoy considerable growth as production increases, although much of the potential remains widely undeveloped. Elsewhere iron ore extraction is expected to grow sharply as foreign investors explore the region and make the most of improved infrastructure and logistics projects to tap new undeveloped regions, while uranium also offers considerable scope for further investment. Again, there is widespread belief that the sector can offer numerous opportunities and most importantly the potential for positive returns.