DRC Govt Takes Charge of Kamoa Mining Product Sales
The Government of the Democratic Republic of Congo (DRC) has announced its direct involvement in the sale of mining products from Kamoa, a company in which the State holds a 20% stake. This move aims to better secure national economic interests within the crucial mining sector.
Kamoa’s turnover is projected to reach $3 billion, and as part of this new strategy, the Government, through the Minister of the Portfolio, will oversee the pricing and sale of mining products.
Minister Jean-Lucien Bussa made this announcement during the Estates General of the Portfolio in Kinshasa, emphasizing the need for state participation in the process.
This initiative provides the government with greater control over the mining export value chain, which is vital for public revenue. By doing so, it aims to increase transparency in commercial transactions and ensure that mining revenues are reinvested into the national economy.
Experts see this move as a significant economic shift, positioning the DRC government at the center of strategic decisions in the mining sector, which is essential for the country’s development.
