Now the world's second-largest product of copper behind Chile, the Democratic Republic of Congo (DRC) is seeing considerable investment in infrastructure to support mining and other sectors.
What is now vital for the country is to "lock in" its progress to date, and pave a sustainable way forward that fully leverages the economic spin-off of copper mining, according to SRK Consulting South Africa's Chairman Vis Reddy. The company has had a local practice - SRK Congo - in Lubumbashi since 2010, which is staffed, managed and majority-owned by experienced Congolese professionals.
"Over the many years of our involvement with clients in the DRC, we have seen considerable developments in this market - which have gathered pace in recent years," said Reddy. "The copper-cobalt boom is certainly tangible in many regions, and there is growing enthusiasm among investors for the opportunities here, despite the inherent risks."
He also highlighted that the DRC was a relatively young mining destination for international mining companies in terms of establishing its mining codes and regulations, and these were likely to continue evolving. As government put the necessary frameworks in place, this is gradually strengthening the predictability of the mining landscape.
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