Mining Code

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

Posted on September 15, 2018September 15, 2018 by Mozambique Resources Post

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.

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

Posted on September 14, 2018 by Mozambique Resources Post

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.

Africa Mining: Congo Mines Minister insists no compromise on new mining code

Posted on September 13, 2018 by Mozambique Resources Post

Africa Mining: Congo Mines Minister insists no compromise on new mining code

Democratic Republic of Congo’s mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question.

Africa Mining: DRC miners form new body to fight mining code

Posted on August 24, 2018 by Mozambique Resources Post

Africa Mining: DRC miners form new body to fight mining code

Miners operating in the Democratic Republic of Congo have formed a new body, the Mining Promotion Initiative (MPI), to engage with the government on their concerns about the country’s new code and other issues affecting the local industry.

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

Posted on June 18, 2018 by Mozambique Resources Post

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.

Africa Mining: Congo’s miners face harsh new reality as mining law finalized

Posted on June 14, 2018 by Mozambique Resources Post

The options for mining companies battling new legislation in the Democratic Republic of Congo — Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt — have just about run out.

Africa Mining: “Congo mining code regulations signed into law” – aides

Posted on June 11, 2018 by Mozambique Resources Post

Regulations to implement Congo’s new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action.

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

Posted on June 8, 2018 by Mozambique Resources Post

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.

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

Posted on May 30, 2018May 30, 2018 by Mozambique Resources Post

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.

Africa Mining: DRC Mining Code draft regulations complete, but industry still hopes for changes

Posted on May 16, 2018 by Mozambique Resources Post

Major mining companies operating in the Democratic Republic of Congo (DRC) remain hopeful that meaningful changes can still be made to the 2018 Mining Code.

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