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Cost-cutting to hit mining jobs,state revenues in Congo- chamber

Reuters - UK Focus

KINSHASA, Aug 27 (Reuters) - Expected cost-cutting measures by mining companies in Democratic Republic of Congo are likely to lead to layoffs and reduce government revenues amid a sharp decline in metals prices, the country's chamber of mines said in a report.

Copper production is expected to slip slightly this year due to power shortages, said the report seen by Reuters on Thursday. Gold (Other OTC: GDCWF - news) production would increase 33.5 percent in 2015, surpassing 26 tonnes, as new mines ramp up output, it added. (Reporting By Aaron Ross; Editing by Joe Bavier)