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 ...
2012 and a new mining code (the "New Mining Code") was adopted by the National Assembly on 8 December 2017 and by the Senate on 24 January 2018. In spite of months of lobbying from the mining companies, it was promulgated by President Joseph Kabila on 9 March 20181. The New Mining Code not only introduces major legal
DR-Congo New Mining Tax "Untouchable", Minister Tells Mining Companies Democratic Republic of Congo's mines minister rejected a proposal by mining companies on Friday to retain exemptions and scrap some taxes in exchange for higher royalties than those in a new mining code, calling the taxes "untouchable". Mines Minister Martin Kabwelulu was …
DRC Congo new mining code Over the past few years, several African countries have substantially overhauled their mining laws. After a lengthy reform process that was initiated in 2012, the Democratic Republic of Congo's new mining code was signed into law by President Joseph Kabila on 9 March 2018.
With DR Congo still holding an estimated $24 trillion in untapped mineral deposits, some illegal armed groups rely on revenue from illicit mining to fund their continued operations.
A key instrument and step in this direction is the country's new Mining Code of 2018, which is a clear effort by the Congolese government to foster the local economy through the introduction of new local content requirements, in line with the country's broader development objectives.
DRC mines minister: companies must adapt to new mining code. Martin Kabwelulu, Minister of Mines of the Democratic Republic of the Congo (DRC), has said that the country's new mining code, which was passed into law in March despite protests from large mining companies, cannot be questioned.
Ashley Gilbertson for The New York Times. On most days, hundreds of men trudge into this mine in the Democratic Republic of Congo wearing plastic headlamps and hoisting shovels in search of ...
This year, we have updated our analysis and fiscal models with the final terms of the mining code as it was actually amended. Our new analysis shows that the DRC's fiscal regime has been significantly altered. As the figure …
opportunities that new mining technologies may bring to economic development in resource-rich countries. It examines the level of adoption of new mining technologies in one of the most resource-rich areas in the world, the Democratic Republic of the Congo (DRC), and how such technologies will affect the development of a
DR Congo losing the mining ethics war Despite the DRC's assured position as the global supplier of cobalt, ethical issues around the exploitation of child labour in cobalt mines have given rise to a new push for global dealers to accept only mineral products from stable and 'law-abiding' countries of North America.
China's Zijin Mining said on Wednesday its joint venture copper mine project in the Democratic Republic of Congo (DRC) will spend $50 million on an upgrade that will boost both its metal producing ...
A new mining law for the Democratic Republic of Congo. A law (the Law) amending the law No. 007/2002 dated 11 July 2002 setting out the Congolese mining code (the Code) was adopted by the Congolese Parliament on 27 January 2018 and promulgated by the President of the Democratic Republic of Congo (DRC) on 09 March 2018.
Yet Congo has had a new mining law in the works since 2012. The current code was introduced in 2002, when large tracts of the country were still occupied by rebels. Many analysts think it is too ...
Kisanfu is a new cobalt and copper mine being built by a Chinese conglomerate in the Democratic Republic of Congo. Race to the Future A Power Struggle Over Cobalt Rattles the Clean Energy Revolution
Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine. Ivanhoe also is exploring for new copper discoveries on its ...
Ivanhoe Mines (TSX: IVN) said on Monday is expects to produce between 290,000 to 340,000 tonnes of copper in concentrate in 2022 at its Kamoa-Kakula copper complex in the Democratic Republic of ...
Democratic Republic of Congo's government is reviewing its $6 billion "infrastructure-for-minerals" deal with Chinese investors as part of a broader examination of mining contracts, Finance ...
New investments in the mining sector led to a significant increase in production from 2010 to 2014, while oil production remained relatively stable. Based on EITI reporting, cobalt, coltan and gold production increased significantly from 2014 to 2015. However, the mining sector in general experienced a slowdown of production and exportation in ...
The new code, which entered into force in March 2018, applies to all holders of mining rights. The new mining code is undoubtedly a modern piece of legislation which, if effectively implemented, could lead to greater transparency in the concession of exploitation permits. It contains measures to prevent abuse in mineral supply chains.
The Democratic Republic of Congo adopted a new Mining Code, but industry and government are at loggerheads over taxation. Last month, the Democratic Republic of Congo (DRC) enacted a law to revise the country's 2002 Mining Code.. While the law improves environmental and social provisions, revisions to the fiscal regime – long considered relatively …
"Industry experts report that a sizeable 70% of Congo's mining sector is now backed by Chinese investment. This increased Chinese activity has come alongside reports of tensions between Chinese and Congolese workers. Not all of this has been one-sided: Chinese workers have described facing serious hostility from the Congolese.
'At lunch I'm given two bread rolls,' claims a miner working at an industrial mine in the DRC. Photograph: Pete Pattisson. Pierre is not …
A new mining code for the DRC. 10 AUG 2018 By: After a lengthy reform process that was initiated in 2012, the Democratic Republic of Congo's new mining code was signed into law by President Joseph Kabila on 9 March 2018. The new code was introduced by law n° 18/001 and modifies, rather than replaces, the former mining code which was introduced ...
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