DRC Govt Plans to Implement Procedures Manual for Sale of Public Mining Company Assets
The Minister of State in charge of the Portfolio, Adèle Kayinda, submitted to the Council on Friday, February 10, the Draft Decree on the Manual of procedures relating to transactions on the mining assets of public companies in the Democratic Republic of Congo.
This text of the law, the draft of which was adopted at this meeting of members of the government, aims, among other objectives, to guarantee: (i) transparency and consistency in carrying out the transaction; (ii) the preservation of the interests of the State and the public enterprises concerned; (iii) the prohibition of the selling off of the assets concerned.
Concretely, any transfer of mining assets of the State or public companies, as defined in this text, will now be subject to a decision of the Council of Ministers through the Ministers of Portfolio and Mines, after a publicity process, competition and prior valuation of these assets.
In addition, the Minister of Portfolio recalled that this initiative is part of the reforms implemented by the Government and supported in particular by the World Bank.
