More than 200,000 jobs have been lost in the Democratic Republic of Congo. The reason for this is the decrease in mineral prices due to the global economic crisis. The number of job losses could increase by another 100,000 by the end of this month. The price of producing things like cobalt and copper are greater than the prices of the actual commodities. Forty firms have shut down in the past month due to the collapse in prices. The Democratic Republic of Congo produces 40 percent of the world cobalt. The situation could be helped if the government would decrease taxes on the mining sector.
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