Africa Mining: Congo Mines Minister sees strategic-metals decision ‘very soon’

Africa Mining: Congo Mines Minister sees strategic-metals decision ‘very soon’

The Democratic Republic of Congo’s government will soon announce which minerals are to be designated “strategic” and subject to a 10% royalty rate, the mines minister said, Bloomberg reports. Advertisements

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Africa Mining: How Congo’s Kabila and the mining giants went from best friends to adversaries

Africa Mining: How Congo’s Kabila and the mining giants went from best friends to adversaries

For much of this year, two of the most powerful forces in the Democratic Republic of Congo (DRC) have been engaged in a tense standoff. President Joseph Kabila, the country’s powerful political leader since 2001, is in one corner. A group of multi-billion-dollar international mining companies is in the other.

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Africa Mining: South Africa’s draft mining law proposes 30% black ownership in 5 years

South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the latest draft of a hotly-contested new industry charter showed on Friday.

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Africa Mining: Congo mining regulations to be signed into law on Friday – mines minister

Democratic Republic of Congo’s prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday.

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Africa Mining: Miners warn Congo it faces $3bn revenue loss over new law

Mining companies in the Democratic Republic of Congo told the government it will lose more than $3 billion over a decade and face legal action if plans to implement a new industry code proceed.

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