Governance - Copperbelt Katanga Mining

ARSP grants a 30-day grace period to Deregistered subcontracting companies 2

After the sanctions taken by the Regulatory Authority for Subcontracting in the Private Sector (ARSP), a grace period of thirty (30) working days was granted to subcontracting companies in order to comply with the provisions of the Law in force. According to the Director General of the ARSP, Miguel Kashal Katemb, the contracts already signed by the 1,200 companies concerned will be automatically void if the deadline is exceeded, in accordance with article 28 of the Law establishing rules applicable to the subcontracting in the private sector. This article provides sanctions… Read More Here

Mining in DRC Economy Governance

DRC President satisfied with Government’s efforts to support local entrepreneurship

August 30, 2023August 30, 2023 Constance

There are more and more public establishments dedicated to supporting entrepreneurship, particularly national micro-entrepreneurs in the Democratic Republic of Congo (DRC). The President of the Republic, Félix Tshisekedi, expressed his satisfaction with the efforts undertakenby the Government in the operationalization of public establishments dedicated to supporting local entrepreneurship, in particular national micro-entrepreneurs. During the meeting of the Council of Ministers held on Friday August 25, 2023, President Félix Tshisekedi indicated that the establishment of these structures dedicated to the promotion of entrepreneurship is in line with his desire to contribute… Read More Here

Mining in DRC Governance Mining Policy

Miguel Kashal assures Lualaba of ARSP’s collaboration with all local services

August 13, 2023August 13, 2023 arnbethnic

The Authority for Regulation of Subcontracting in the Private Sector (ARSP) is preparing to conduct an inspection in the Lualaba province. In anticipation of this imminent inspection to ensure compliance with subcontracting rules in all sectors of the economy in this province, the Director General of ARSP, Miguel Kashal Katemb, reassures the provincial government of Lualaba about the excellent collaborative relationships between the provincial branch of this public institution and the provincial services. He stated this after a meeting with the Provincial Commissioner in charge of Small and Medium Enterprises,… Read More Here

Mining in DRC Governance

DRC’s DEMIAP dismantles a network of gold traffickers in South Kivu, more than 26,120 kg of ore seized

May 7, 2023May 8, 2023 arnbethnic

The Military Detection of Anti-Homeland Activities of the Democratic Republic of Congo (DEMIAP) has got hold of a network of economic criminals operating in the province of South Kivu. During this operation, Congolese military intelligence was able to intercept more than 26,120 Kg of contraband gold. The members of this network were presented, this Friday, May 5, 2023, at the DEMIAP headquarters in Kinshasa, to three members of the Congolese Government, namely the Minister of Mines, Antoinette N’Samba; the Minister of State, Minister of Justice and Keeper of the Seals, Rose… Read More Here

Governance Electricity Mining in DRC

Plenary Session of the DRC National Assembly approves in particular the dismissal of the SNEL, MD

April 16, 2023April 17, 2023 arnbethnic

The plenary session discussed the recommendations of Deputy Prosper Bukasa, who had questioned the General Manager of SNEL (National Electricity Company). By a show of hands, the plenary decided to approve three out of four recommendations, including the revocation of the SNEL GM for “incompetence and lack of clear vision in the management of the company.” However, the plenary opposed the recommendation regarding the reinstatement of “unjustly dismissed” directors, according to Prosper Bukasa. The plenary relied on the explanations of the SNEL GM, who explained that they were on leave… Read More Here

Mining in DRC Governance

DRC Government Reshuffle, Kamerhe Joins, Tshisekedi Retains Ministers

March 25, 2023March 25, 2023 Constance

Among the other key appointments, Jean-Pierre Bemba became Vice President of Defense and Peter Kazadi became Vice President of Interior, Security and Customary Affairs. The government reshuffle, with the entry of Vital Kamerhe as Deputy Prime Minister of Economy and the maintenance of Christophe Lutundula as Minister of Foreign Affairs, was announced Thursday evening during a special communication of the Presidency on the national channel, RTNC. This reshuffle is part of an “emergency” and “necessity” according to Sama Lukonde. Among the other key appointments, Jean-Pierre Bemba became Vice President of… Read More Here

International Governance

Talks stagnate between First Quantum and Panama over tax credits and legal rights, sources say

January 7, 2023January 7, 2023 arnbethnic

Talks between Canadian copper miner First Quantum Minerals Ltd. and the government of Panama have stagnated once again, with both parties in a logjam over tax credits and legal rights. Two sources familiar with the talks said the main points of contention have to do with a tax credit on ore depletion, and another credit related to the massive capital investment already made by First Quantum in Panama. The Vancouver-based miner spent US$6.8-billion building the Cobre Panama mine, which started production in 2019. Other sticking points relate to First Quantum’s… Read More Here

International Governance

Shutting huge Panama copper project shows why miners worry about starting them

December 17, 2022December 17, 2022 arnbethnic

Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market and highlights the risk of investing big in some projects. Just when the world faces a looming shortage of copper — a metal essential for the green revolution — Panama on Thursday said it will halt commercial operations at the Cobre Panamá operated by Canada’s First Quantum Minerals Ltd. It followed the breakdown of tax talks and is a rare move among Latin American countries. The mine, which is one of the world’s newest and… Read More Here