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Category: Governance

Kinsevere - Arbitration Procedure Update (News Release) 1 Mining in DRC Governance Mining Policy 

Kinsevere – Arbitration Procedure Update (News Release)

arnbethnic
MMG Limited has initiated arbitration proceedings against La Générale des Carrières et des Mines S.A. (GECAMINES) in front of the International Chamber of Commerce (ICC). The company announced its submission to ICC on Friday, October 21, 2022. The action follows previous updates concerning incidents on its Sokoroshe Il and Nambulwa mining concessions in the Democratic Republic of the Congo (DRC): MMG holds existing mining contracts with Gécamines, both for Sokoroshe II and Nambulwa, registered with the official mining register. Sokoroshe II and Nambulwa were occupied by the armed forces and… Read More Here
Mining Code Review Forum: FEC Chamber of Mines recommends removal of redundant taxes 2 Mining in DRC Governance Mining Policy 

Mining Code Review Forum: FEC Chamber of Mines recommends removal of redundant taxes

arnbethnic
The Chamber of Mines of the Federation of Enterprises of Congo (FEC) closed, on Thursday, October 20, 2022, in Kinshasa, a mining forum focused on the theme: “Mining activity in the DRC and its challenges: evaluation of the revised Mining Code of 2018”. At the end of this meeting, several recommendations were made by the four commissions set up for this purpose. These are the Mining Law Commission; the Energy, Transport and Logistics Commission; and the Taxation and Customs Commission. First: Mining Law Commission At this level, six problems have been identified: –… Read More Here
DRC improves extractive sector transparency but more needed – anti-graft body 3 Mining in DRC Governance 

DRC improves extractive sector transparency but more needed – anti-graft body

admin
The Democratic Republic of Congo (DRC) has made progress in implementing transparency in its extractive mining sector but needs to do more in publishing contracts and revenues from the sector, a global anti-corruption body said. The Extractive Industries Transparency Initiative (EITI), which sets a global standard for good governance in oil, gas and mineral resources, said the DRC has achieved a high overall score in the implementation of the 2019 EITI Standards. The standards include good governance, clear legal framework and fiscal regimes, and publishing of contracts and revenues. President Felix Tshisekedi has promised to tackle corruption… Read More Here
Zambia restricts number of mining licences per company to five 4 Mining in Zambia Governance Mining Policy 

Zambia restricts number of mining licences per company to five

admin
Zambia, Africa’s second-largest copper producer, said on Monday the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country’s licensing system. The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public complaints about a lack of transparency. “Every miner will be restricted to five licences and those that need more will have to justify it,” Zambia’s mines minister Paul Kabuswe said during a briefing on mining… Read More Here
FÉLIX TSHISEKEDI GRANTS A ONE-YEAR TAX AMNESTY TO SMES AND MICRO-ENTERPRISES IN DRC 5 Mining in DRC Environment Social Governance (ESG) Governance 

FÉLIX TSHISEKEDI GRANTS A ONE-YEAR TAX AMNESTY TO SMES AND MICRO-ENTERPRISES IN DRC

arnbethnic
The Congolese Head of State Félix Tshisekedi granted by ordinance-Law a one-year tax amnesty to all small and medium-sized enterprises as well as micro enterprises operating in different economic sectors. According to a copy of the ordinance law N ° 22/030 of September 08, 2022, relating to the promotion of entrepreneurship and startups, it is clearly indicated in article 50 that within the framework incentive measures that have already been taken, particularly around ​​taxation and the business climate, the beneficiary companies benefit –          total or partial exemption from the payment of… Read More Here
An NGO denounces kickbacks requested by certain political figures in the DRC (A Press Release by CNPAV) 6 Mining in DRC Environment Social Governance (ESG) Governance Mining Policy 

An NGO denounces kickbacks requested by certain political figures in the DRC (A Press Release by CNPAV)

arnbethnic
The Coalition – Congo is not for sale (CNPAV) remains concerned about the deterioration of the business climate in the country and strongly denounces influence peddling and retro-commissions solicited by certain politically exposed personalities in the country. The CNPAV considers that the video published on September 14, 2022 by Le Temps and OCCRP showing Mr. Vidiye Tshimanga Tshipanda, former adviser to President Felix Tshisekedi in charge of Strategic Issues, soliciting shares in a company that would have liked to settle in the mining sector Congolese, illustrates the contrast between the… Read More Here
OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk) 7 Governance Environment Social Governance (ESG) 

OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk)

arnbethnic
Glencore International A.G. and its subsidiaries bribed officials in seven countries for more than a decade After U.S. energy company Enron made global headlines in the early 2000s for accounting and corporate fraud, attention quickly shifted to the decision-makers behind the company’s actions. Ultimately, Enron executives Kenneth Lay, Jeffrey Skilling, and Andrew Fastow were convicted on federal felony charges. That was the appropriate response. When corporations engage in illegal behavior, the people responsible should face repercussions — and they often do. Why, then, have the executives at Switzerland-headquartered commodities and… Read More Here
The Biden administration sets conditions for investing in the DRC mining sector 8 Mining in DRC Governance 

The Biden administration sets conditions for investing in the DRC mining sector

arnbethnic
On a visit to the Democratic Republic of Congo, from September 12 to 13, 2022, the emissary of American President Joe Biden, ended his visit after talks with the President of the Republic Félix Antoine Tshisekedi, the two personalities discussed the issues and investment potential of the Congolese mining sector. At the end of his visit to the DR Congo, Amos Hochstein, special coordinator of the President of the United States of America in charge of international energy affairs, made a point of reaffirming the interest that his country attaches… Read More Here
How could the 2023 Budget drive continued economic growth for Zambia? 9 Mining in Zambia Economy Governance 

How could the 2023 Budget drive continued economic growth for Zambia?

arnbethnic
As is tradition, ahead of the annual Budget announcement by the Minister of Finance, Mining For Zambia spoke to celebrated Zambian economist, Professor Oliver Saasa, to ask him about the measures we might expect to see introduced in order to drive continued economic growth, one year since the ‘new dawn Government’ took the helm. Ahead of the announcement of the 2022 Budget in October 2021, much of the country eagerly waited to hear what President Hichilema’s administration had in store. Almost a year on, what would you say have been the biggest changes to… Read More Here
Over 75% of gold mining sites in Ituri are controlled by armed groups, worth millions of US dollars (Civil Society Report) 10 Mining in DRC Environment Social Governance (ESG) Governance 

Over 75% of gold mining sites in Ituri are controlled by armed groups, worth millions of US dollars (Civil Society Report)

arnbethnic
More than 3/4 of mining sites in Ituri province are controlled by armed groups. The latter exploit the gold and cause millions of American dollars to escape from the Congolese State. This is what the Coalition of Civil Society Organizations of Haut-Uélé and Ituri denounces for the governance of natural resources in its latest report published in August 2022.  Civil society is concerned about the activism of armed groups in eastern DRC who continue to expand and consolidate their positions in mining areas in full view of the politico-administrative and military authorities. … Read More Here

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