mining code congo

  • DR Congo signs new mining law despite companies ...

    Mar 10, 2018 · DR Congo signs new mining law despite companies' opposition. The Democratic Republic of Congo has moved to increase taxes on mining firms and increase government royalties from the industry despite fierce opposition from international mining companies. President Joseph Kabila signed a new mining code into law on Friday. The country is Africa's...

  • Major changes to the mining code of the Democratic ...

    Major changes to the mining code of the Democratic Republic of Congo Publication | February 2018 Concerns regarding resource nationalism reforms are a regular topic within the mining industry and international mining conferences, such as the African Mining INDABA currently ongoing in Cape Town, South Africa, are often the perfect venue for these concerns to be openly expressed and discussed.

  • Update on the Mining Code of The Democratic Republic of .

    Mining Code is the increase of mining royalties payable by the mining companies. The New Mining Code raises royalties on minerals: non ferrous royalties are raised from 2% to 3.5% and precious metals from 2.5% to 3.5%, both calculated on the gross market value of the products. It also creates a special 10% royalty on minerals deemed by the State

  • Kabila causes miners Congo upset as DRC reforms mining ...

    Kabila causes miners Congo upset as DRC reforms mining laws. Mining matters to the Congo. The industry is the backbone of the Democratic Republic of Congo's economy, providing enormous deposits of precious minerals – including copper, cobalt and uranium, the DRC's chief source of external income. The Kamoa-Kakula project in the DRC, for example,...

  • Revision Of Democratic Republic Of Congo's Mining Code ...

    Jul 10, 2018 · On 9 March 2018, President Joseph Kabila signed the new mining code (the "New Mining Code") which was adopted by both chambers of Parliament on 27 January 2018. The New Mining Code which amends substantially the former legislation of 2002 (" 2002 Mining Code ") came into force upon its publication in the Official Journal on 28 March 2018.

  • Congo miners continue to press gov't for code revision ...

    May 14, 2018 · * Issued on behalf of members of the DRC mining industry representing more than 85% of the DRC's copper, cobalt and gold production and most .

  • New president and new mining code offers no answers for ...

    Jun 26, 2019 · No one was surprised when the Democratic Republic of Congo (DRC) announced it was making changes to the country's mining code. The previous code, in effect since 2002, had been set to expire after 10 years.

  • Revision Of Democratic Republic Of Congo's Mining Code ...

    Jul 10, 2018 · Perceived as the revival of the resource nationalism, this trend now includes the recent revision of its mining code by the Democratic Republic of Congo ("DRC") and the country's state-owned mining company Gécamines' willing to renegotiate existing mining agreements to cure their "imbalances".

  • DRC revises mining code to capitalise on cobalt boom | eNCA

    Jan 17, 2018 · DRC revises mining code to capitalise on cobalt boom. The global boom for smartphones and electric cars has pushed up the price of cobalt, a key ingredient in top-range batteries, to $75,000 (more than R919,000) a ton -- an increase of 127 percent in one year. The DRC is the world&39;s leading producer of cobalt,...

  • THE DEMOCRATIC REPUBLIC OF CONGO'S REVISED MINING CODE ...

    Apr 25, 2018 · On 9 March 2018, President Joseph Kabila signed into law significant changes to the Democratic Republic of Congo's ("DRC") mining code (the "Revised Code"). 1 The Revised Code, which amends the 2002 Mining Code 2 (the "2002 Mining Code"), was adopted by both houses of Parliament on 27 January 2018 and came into force upon publication in the Official Journal on 28 March 2018. This .

  • KPMG GLOBAL MINING INSTITUTE

    of the country (which is a key mining region), and a severe lack of robust infrastructure and reliable electricity supply. The World Bank's Doing Business 2014 report ranks DRC at .

  • Mining in the Republic of the Congo - Wikipedia

    Mining in the Republic of the Congo. The minerals sector is administered by the Department of Mines and Geology. Presently no major mining activities are underway, although there are some small-scale domestic operations. However, the country does have numerous large-scale undeveloped resources.